On the TechTO stage ×2
How To Scale a Truly Cutting-Edge Startup
Watch on YouTube ↗2021 Canadian Rocketship Companies - MinervaAI
Watch on YouTube ↗First seen on the TechTO stage in 2021. Every talk is searchable — ask the archive about Jennifer ↗
In their words
I found a problem that I was willing to spend my life trying to solve and that's the one of bad actors in our financial ecosystem and getting them out so we can put an end to things like human trafficking.
I couldn't do what I was doing anymore knowing that it was really ineffective and I wanted to tackle the problem from the other side.
You need to know what you're looking for — if what you're looking for is your basic like what's a startup 101 then there's a certain kind of accelerator where you want to go.
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Quick answers
Who is Jennifer Arnold?
Co-founder of Minerva, the Toronto anti-money-laundering software company she started in 2018 and led as CEO. She was previously senior director of AML transformation at CIBC and VP of governance and programs at Wells Fargo Canada. Minerva's own leadership page now lists co-founder Victor Tay as CEO.
What does Minerva do?
It automates the client risk assessment behind anti-money-laundering compliance. Arnold told BetaKit in 2024 the platform builds a risk profile in under 20 seconds, cutting a case that took six to eight hours down to about one.
How much has Minerva raised?
About CA$14.6 million disclosed: a CA$2.6 million seed in spring 2021 led by Fika Ventures and a CA$12 million Series A in 2023 led by FirstMark Capital. Coinbase Ventures and MKT1 are also listed among its investors.