Nukiyo is raising $2.5M CAD for a 10‑month runway · Book a 15‑min intro

Nukiyo — Building CanadaX, the Super App for Canadians

Payments. Bills. Government services. Canadian‑made commerce. All in one trusted platform.

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200+
User interviews
$2.5M
Seed raise
10‑month
Runway plan

Payments

Interac P2P · Cards · Bills

Government

CRA · Service Canada · Licenses

Commerce

Canadian‑made marketplace

Newcomers

Jobs · Housing · Healthcare

The Problem

  • Fragmented apps for payments, transit, utilities, and government services.
  • Newcomers face complex onboarding across housing, jobs, banking, and healthcare.
  • No central platform promoting Canadian‑made commerce with convenient payments.

Why now

Canada’s digital adoption is high, yet daily services remain siloed. CanadaX aggregates trusted rails (Interac, cards) and simplifies the journey for citizens and newcomers alike.

One App. Everything Canadians Need.

Payments

Interac P2P, bill pay, utilities, taxes. Built on trusted rails.

Government

Central hub for CRA, Service Canada, and licenses.

Commerce

Discover and support Canadian‑made products and businesses.

Newcomers

Tailored guidance for housing, jobs, banking, and healthcare.

Market at a Glance

40M
Canadians
500k
Newcomers annually
$500B+
Consumer payments
75%+
Smartphone penetration

Business Model

  • Transaction fees (1–2%) on merchant & utility payments.
  • Premium features: reminders, auto‑pay, budgeting insights.
  • Marketplace commissions on Canadian‑made commerce.
  • Partnership revenue with municipalities/utilities.

10‑Month Runway — $2.5M CAD

Category Allocation Budget Notes
Product & Engineering 45% $1,125,000 10‑person dev/design team
Compliance & Security 15% $375,000 KYC, audits, SOC2 prep
Marketing & Growth 20% $500,000 Beta testing, PR, ads
Operations & Partnerships 10% $250,000 Government, banks, utilities
G&A 10% $250,000 Admin, legal, HR
Total 100% $2,500,000 10‑month runway
* Non‑custodial architecture: Interac + cards; PCI SAQ‑A by design.

Roadmap (10 Months)

Months 1–3
  • Secure infra & observability
  • Stripe + Interac MVP
  • Rent/bill‑split pilot
Months 4–6
  • Bills & reminders
  • Marketplace beta
  • Municipal pilot
Months 7–10
  • Scale marketing
  • Fraud/risk refinement
  • Onboard 5–10k users

Challenges & Mitigations

  • Regulatory complexity → Experienced compliance partners; non‑custodial payments.
  • Trust & adoption → Start with newcomers + local commerce, expand by data‑backed wins.
  • Provincial fragmentation → Pilot in Ontario; adapter pattern for billers/transit.
  • Fraud → Device fingerprinting, velocity limits, manual review queue.

Security & Compliance

  • PIPEDA‑aligned privacy, data minimization
  • PCI‑DSS SAQ‑A scope; tokenized card data (Stripe)
  • Encrypted data at rest; KMS‑backed secrets
  • Vendor KYC (e.g., Trulioo/Persona), store decisions not images

Collaboration Strategy & Precedents

Government & Municipal

Partner with Service Canada & municipalities for payments and services consolidation.

Financial Institutions

Leverage Interac rails via sponsor banks; Stripe for card payments and merchant payouts.

Community & Commerce

Work with settlement agencies and highlight Canadian‑made products to drive adoption.

Team

NM
Nishan Mahal
Founder & CEO

Fintech + govtech builder focused on trusted payments, secure data, and frictionless user experiences.

Hiring Soon
CTO (Payments) • CPO (Gov/UX)

Seasoned leaders with PCI/SOC2 experience and public‑sector integrations.

Advisors

Fintech compliance veterans and ex‑government digital leaders supporting partnerships and go‑to‑market.

Let’s talk

We’re raising $2.5M CAD to fund a 10‑month runway and launch Canada’s first true super app. Download the deck or book a 15‑minute intro.

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