BMO Launches WMNfintech Program to Support Women-Led Startups in Financial Services

BMO Launches WMNfintech Program to Empower Women-Led Startups

The Bank of Montreal (BMO) collaborates with 1871 to open applications for the seventh annual WMNfintech program, a unique initiative dedicated to promoting startups that cater specifically to the fintech ecosystem focusing on women's needs and underserved markets. This year, the application window runs until April 9, 2026, and the selected cohort will comprise five startups that will participate from June through October 2026. With the goal of nurturing diversity and inclusivity in the financial sector, BMO underscores its commitment to fostering a holistic entrepreneurial environment where innovative solutions can flourish.

Since its establishment in 2020, WMNfintech has transformed into North America’s largest network for fintech startups. The program not only serves as an accelerator for growth but also provides a wealth of resources geared towards facilitating connections and resource access for founders. By offering one-on-one mentorship from BMO, extensive support from 1871’s resource center, and opportunities for networking with established industry professionals, the program aims to significantly enhance the startups' operational strategies and market presence. Participants will receive tailored feedback and introductions designed to help them navigate the complex world of financial services.

The program’s impact is evident in its track record over the past six years. Startups that have gone through the WMNfintech program have created over 220 jobs and raised more than $51 million in capital. Betsy Ziegler, CEO of 1871, emphasizes that WMNfintech stands as a comprehensive platform designed to connect entrepreneurs not just with capital, but also with essential regulatory insights and industry frameworks. As BMO continues to champion innovation in financial services, WMNfintech positions itself as a cornerstone for developing the next generation of fintech leaders and diverse offerings in the marketplace.

In addition to providing invaluable resources, the WMNfintech program culminates in various events across key fintech hubs, including Chicago, New York, and Toronto. These gatherings aim to highlight the innovations brought forth by participants, allowing them to showcase their solutions to wider audiences and potential investors. The initiative directly aligns with BMO's broader strategy of promoting diversity and sustainability in fintech, with the expectation that these new approaches will help shape the industry’s future.

As BMO and 1871 work together to create an inclusive environment for fintech startups, they emphasize the necessity of supporting women-led initiatives. This commitment reflects an ongoing trend in the financial industry, which recognizes that diversity contributes to innovation and improved market outcomes. The WMNfintech program continues to set a benchmark for others in the industry, reinforcing the importance of empowering underrepresented entrepreneurs in driving the future of financial services.