Draft:MindBridge Analytics Inc.
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Declined by MSK 2 months ago.Please delete the portions which were LLM-generated, and summarize in your own words a range of independent, reliable, published sources that discuss the subject. If you have used an LLM but you believe that your use is covered by one of the two exceptions (basic copyediting and translation between two languages in which you are fully fluent), please provide a transcript of the prompt(s) you used while writing your draft (see the how-to guide). Reviewers can make mistakes. If you have not received any LLM assistance, you may seek a second opinion at the AfC Help Desk. See the advice page on large language models for more information. | |
Comment: In accordance with the Wikimedia Foundation's Terms of Use, I disclose that I have been paid by my employer for my contributions to this article. Walnut Tree Communications (talk) 13:47, 20 July 2026 (UTC)
| Type | Private |
|---|---|
| Industry | Financial technology, Artificial intelligence |
| Founded | 2015 |
| Founders | Solon Angel |
| Headquarters | , Canada |
| Key people | Les Rechand (CEO) |
| Products | MindBridge AI (financial analytics platform) |
| Website | mindbridge |
MindBridge Analytics Inc. (operating as MindBridge) is a Canadian financial technology company that develops software for financial risk and anomaly detection, and transaction analysis.[1] [2] The company was founded in 2015 and is headquartered in Ottawa, Ontario.[1] [2] MindBridge provides artificial intelligence (AI) and data analytics solutions used by auditors, accountants, and finance professionals to identify anomalies, assess risk, and analyze financial data.[2] [1]
History
[edit]MindBridge was founded in Ottawa, Ontario in 2015 by entrepreneur Solon Angel to develop machine learning and data analytics technology for financial transaction analysis and risk assessment.[2] [3] Eli Fathi joined the company as chief executive officer, and Robin Grosset, formerly a chief architect with IBM's Watson Analytics group, became chief technology officer.[2] [1] Angel later served as chief impact officer before leaving the company around 2023.[2]
By 2017, MindBridge had approximately 20 customers and had begun raising venture capital and government funding.[2] In 2020, MindBridge acquired Brevis, a United Kingdom-based financial technology startup, and was named a Technology Pioneer by the World Economic Forum.[1] [4]
Stephen DeWitt, a former executive at Symantec, Cisco, and Hewlett-Packard, became chief executive officer in 2024.[2] [5] In 2026, Les Rechan succeeded DeWitt as chief executive officer.[6]
Products and Technology
[edit]MindBridge develops software that uses statistical analysis, business rules, and unsupervised machine learning to analyze financial transactions and assess risk.[1] The MindBridge platform is designed to evaluate entire populations of financial transactions rather than relying on traditional statistical sampling.[7] This approach is intended to support continuous monitoring of financial activity.
The software analyzes financial transactions using anomaly detection and other analytical techniques, and assigns risk scored to the transactions, allowing users to prioritize higher-risk items for review. It also provides explanations for the identified risks through explainable analytics. The platform is used for several applications including external audit, internal audit, financial controls monitoring, compliance, and enterprise risk management.[1]
Recognition
[edit]MindBridge was named a Technology Pioneer by the World Economic Forum in 2020.[3] [1] The company has also been included in Deloitte's Technology Fast 50 and Technology Fast 500 rankings, which recognize fast-growing technology companies.[8] [9]
Customers and Partnerships
[edit]In 2023, MindBridge technology was integrated into KPMG's audit platform.[2] [10]
Funding
[edit]Between 2017 and 2019 the company raised approximately $42 million CAD in investment and government funding.[2] In 2023, it raised a further $60 million USD in a fundraising round led by PSG Equity.[5]
References
[edit]- 1 2 3 4 5 6 7 8 Canada, National Research Council (June 10, 2021). "De-risking financial risk: MindBridge uses artificial intelligence to drive growth". nrc.canada.ca.
- 1 2 3 4 5 6 7 8 9 10 "AI-for-auditors vendor Mindbridge taps Silicon Valley veteran to lead Ottawa company". January 16, 2024 – via www.theglobeandmail.com.
- 1 2 "Solon Angel, founder, MindBridge Ai | Ottawa Business Journal". June 12, 2020.
- ↑ Simpson, Meagan (March 5, 2020). "MindBridge acquires UK accountancy tech firm Brevis | BetaKit".
- 1 2 "Silicon Valley veteran DeWitt joins fraud-detection software firm MindBridge as CEO | Ottawa Business Journal". January 16, 2024.
- ↑ "Veteran tech leader Les Rechan named new CEO of MindBridge Analytics | Ottawa Business Journal". May 1, 2026.
- ↑ Umesh, Ellichipuram (June 8, 2026). "MindBridge upgrades audit platform with new tools".
- ↑ "Deloitte Canada reveals its annual Technology Fast 50 program winners | Deloitte Canada". www.deloitte.com.
- ↑ "Seven local tech firms make the annual Deloitte Technology Fast 500 | Ottawa Business Journal". November 24, 2025.
- ↑ "KPMG and MindBridge". KPMG.
Please delete the portions which were LLM-generated, and summarize in your own words a range of independent, reliable, published sources that discuss the subject. If you have used an LLM but you believe that your use is covered by one of the two exceptions (basic copyediting and translation between two languages in which you are fully fluent), please provide a transcript of the prompt(s) you used while writing your draft (see the how-to guide). Reviewers can make mistakes. If you have not received any LLM assistance, you may seek a second opinion at the AfC Help Desk.
See the advice page on large language models for more information.