Trending >

Canada’s risk capital will soon pivot to tech, says Colin Fisher

Colin Fisher
StableView
Fisher: “Most of our risk capital is focused on punching holes in the ground. We haven’t quite figured out how to get into the technology space and our risk capital hasn’t quite pivoted there yet.”

Canadian investors as a whole are on the verge of discovering technology, says one portfolio manager.

Colin Fisher, Portfolio Manager and President of StableView Asset Management was on BNN this morning to talk about the emergence of technology in the Canadian capital markets.

Fisher says the sector rotation from mining and metals to innovation is still in its early stages.

“Most of our risk capital is focused on punching holes in the ground,” he said. “We haven’t quite figured out how to get into the technology space and our risk capital hasn’t quite pivoted there yet.”

Fisher says one example is Toronto-based electronic billing and payment processing company VersaPay (VersaPay Stock Quote, Chart, News: TSXV:VPY). The portfolio manager thinks it has better technology than its American peer Bill.com, which recently raised $50-million from tony investors such as from Silicon Valley Bank and DCM Ventures.

“That’s twice the market cap of VersaPay,” notes Fisher.

Fisher says VersaPay is quietly funding its cloud ambitions through its legacy business, instead of strapping on a huge amount of debt. He thinks it is flying under the radar of investors who are still pricing it based on its legacy business.

The portfolio manager says investors searching for a Facebook or Candy Crush in the Canadian tech landscape are looking in the wrong place. He says Canadian businesses are much more likely to be working behind the scenes, solving issues for other businesses.

“You see amazing tech companies in Toronto,” said Colin Fisher. “They are unbelievably good. The strength of them is they focus on is business to business. We generally don’t do very well in the business to consumer facing marketplace, so when you look at a lot of these companies they are generally trying to solve a business problem.”

Click here for the full interview…

More Cantech Interviews

  •  
  •  
  •  

About The Author /

Nick Waddell
Cantech Letter founder and editor Nick Waddell has lived in five Canadian provinces and is proud of his country's often overlooked contributions to the world of science and technology. Waddell takes a regular shift on the Canadian media circuit, making appearances on CTV, CBC and BNN, and contributing to publications such as Canadian Business and Business Insider.

Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Access Expert Stock Picks for free

CLOSE

Get Stock Picks From The Pros

Sign up for our newsletter to get timely Canadian stock picks from expert financial analysts.