CDPQ and Desjardins Skips Toward Fintech
Increasingly, more institutional investors are wanting a slice of the fintech pie. For example, according to data from SWFI’s transaction database, sovereign funds like Temasek Holdings have invested in a wide range of fintech plays such as Bill.com and a blockchain technology company. Heading over to Canada, Caisse de dépôt et placement du Québec (CDPQ) and Desjardin Group revealed at this year’s Canada Fintech Forum plans to create a venture capital fund dedicated solely to the growth and development of emerging financial technology firms in Québec and Canada.
A Potential Catalyst for Quebec
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