This article highlights a major fintech expansion into Canada by Ascent Business Technology, a global enterprise SaaS provider.
Ascent Business Technology joined TBDC’s Program as it expands its global operations into Canada as part North America growth.
Ascent Business Technology, a leading global B2B Enterprise SaaS technology solutions provider, has announced its expansion into the Canadian market through TBDC. This fintech expansion into Canada supports Ascent’s broader North American strategy. Having already established a presence in the United States, Singapore, UAE & India the company has significant move to expand its operations in Canada as part of their North American Expansion Strategy.
Ascent is Enterprise SaaS, AI, and ML-driven company that offers a suite of fintech solutions, including AutoBCM; it is flagship product that helps businesses automate their continuity management & Crisis Management. With AutoBCM, Ascent ensures that the clients have the capability to maneuver through unpredictable situations and avert an incoming crisis. “The market opportunity is tremendous,” said Kundan Shekhawat, Founder & President of Ascent. “Achieving Resilience is difficult & Most businesses still rely on a manual form of continuity management which is highly inefficient and can lead to huge reputational & Financial losses, our automated solution will help mitigate & recover from Global Crisis like Pandemic .”
Initially established in Singapore in 2017, Ascent Business has seen rapid growth over the last few years. By leveraging its innovative technology solutions, the fintech company has expanded globally with clients through North America, Asia, and the Middle East. The clientele includes some of the world’s largest financial institutions, comprising ICICI Bank, Abu Dhabi Islamic Bank, Kotak Bank, Bank Dhofar, Doha Bank, and Emirates Global Aluminum. More recently, the company’s AutoBCM product is featured in Gartner’s Market Guide for BCM solutions 2021.
The company success can largely be attributed to exemplary leadership & vision of Founder & experienced Management team. Kundan Shekhawat has wide experience in financial services & extensive expertise in Product Development Engineering. With a career spanning 20+ years, his vision was the one that carried Ascent through its successive stages of growth.
According to Shekhawat, the decision to move to Toronto had to do with several key parameters. “The rich pool of talent in Toronto, low cost of operations, access to key markets, and the ease of doing business were some of the top factors.”
Since arriving in Toronto, the company has closely worked with TBDC. Ascent’s fintech expansion into Canada is expected to create new opportunities for partnerships and innovation.Through its strategic connections, TBDC was able to expedite the company’s entry process into the country. In terms of expectations from the program, Shekhawat plans to leverage TBDC’s large network of next round of strategic growth and form strategic alliances with other companies within Canada.
Want to Expand Your Business to Ontario, Canada?
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