48 Best Financial Services Startups in Canada to Watch in 2025

The Definitive Seedtable Ranking of Financial Services Startups in Canada

We track 71,000+ companies and rank them dynamically using our Seedtable Score – a score that uses quantitative and qualitative data points to signal the momentum behind a company. We then monitor the list manually leveraging our expertise as founders and investors.

There are 48 start-ups with an aggregate funding of $1.9b. The average funding per company in this subset is $39.8m.

Last update to the database: Jul 29, 2025. See changelog.

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2

Funding Rounds

$17.0m

Money raised

Zapper is an interface for managing DeFi assets and liabilities.

3

Funding Rounds

$26.8m

Money raised

ISARA is a company developing quantum computer resistant software products founded in 2015 by Scott Totzke.

5

Funding Rounds

$81.0m

Money raised

Bench is a company founded in 2012 by Jordan Menashy, Pavel Rodionov, Adam Saint and Ian Crosby.

1

Funding Rounds

$200.0k

Money raised

Alkemi is a blockchain company founded in 2018 by Ryan Breen.

3

Funding Rounds

$54.5m

Money raised

Borrowell is a company founded in 2014.

3

Funding Rounds

$170.0m

Money raised

A company that participated in the F1 cohort of Y Combinator. It provides financial services to self-employed, freelancers, independent contractors and entrepreneurs

4

Funding Rounds

$89.4m

Money raised

Canalyst is an equity analysis platform specifically aimed at helping CIOs, PMs, and Directors of Research get more from their teams. More time, more coverage, and ultimately, more confidence in your investment decisions. Our database of 4000+ equity models spans the S&P 500, Russell 2000, TSX, and TSX-V, plus many more under-covered small- and mid-cap names. Buyside clients of all sizes get an edge on finding alpha, thanks to instant access to fully functioning fundamental models backed by complete, robust, and validated financial and operational data. Founded and headquartered in Vancouver, Canada, BC, were an energetic team with a love of stocks and technology. Whether you're looking to try out our platform or interested in joining our team, we'd love to hear from you. Request a demo: canalyst.com/demo-request/ All other inquiries: [email protected]

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Key people:

4

Funding Rounds

$10.5m

Money raised

nanoPay is a company founded in 2012 by Laurence Cooke.

8

Funding Rounds

$246.8m

Money raised

FreshBooks is a Toronto-based developer of cloud-based accounting software for businesses and individuals.

2

Funding Rounds

$160.0k

Money raised

Fortuna.ai is an AI company specialized in delivering financial services for organizations.

Key people:

3

Funding Rounds

$27.5m

Money raised

Cinchy is a Toronto, Ontario-based company providing a data collaboration platform allowing users to collaborate on data in real-time, without requiring separate application databases.

3

Funding Rounds

$23.5m

Money raised

Northone is a neobank based in United States offering Business accounts including a debit card, with all transactions being managed from an iPhone or Android application. Northone currently accepts to open mobile bank accounts for residents of Canada and United States.

Key people:

3

Funding Rounds

$3.1m

Money raised

Giftbit is a company founded in 2011 by Leif Baradoy.

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2

Funding Rounds

$38.3m

Money raised

Coinsquare is a blockchain company founded in 2014 by Virgile Rostand.

5

Funding Rounds

$81.0m

Money raised

FundThrough helps business owners eliminate the wait associated with payment terms by giving them the power and flexibility to get their invoices paid when they want, with one click, and in as little as 24 hours. Launched in 2014 FundThrough has quickly become Canada's leading invoice funding platform, funding millions of dollars in invoices every month. FundThrough is a VC-backed company. Find out more at https://www.fundthrough.com.

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Key people:

1

Funding Rounds

$500.0k

Money raised

PageFreezer is a Vancouver, BC-based company founded in 2009.

Key people:

6

Funding Rounds

$138.2m

Money raised

Symend is a developer of an engagement platform for debt recovery and at-risk customers.

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Key people:

6

Funding Rounds

$20.5m

Money raised

Payfirma is a company founded in 2011.

1

Funding Rounds

$6.2m

Money raised

Bitcoin key storage and insured custody for exchanges, high-net-worth individuals and funds.

6

Funding Rounds

$270.0m

Money raised

Koho is a neobank based in Canada offering Personal accounts including a debit card, with all transactions being managed from an iPhone or Android application. Koho currently accepts to open mobile bank accounts for residents of Canada.

2

Funding Rounds

$1.5m

Money raised

Vouchr is a company offering a consumer payment platform founded by Robert Balahura.

1

Funding Rounds

$75.0m

Money raised

Homebound is a company founded in 2017 by Nikki Pechet.

Key people:

1

Funding Rounds

$44.0m

Money raised

Shakepay is a blockchain company founded in 2015 by Jean Amiouny.

Key people:

2

Funding Rounds

$7.6m

Money raised

Finaeo is a company founded in 2016.

3

Funding Rounds

$3.7m

Money raised

Responsive.AI is an artificial Intelligence company founded in 2015 by Chris Sanford, Davyde Wachell and Thomas Holloway.

2

Funding Rounds

$25.0m

Money raised

OneVest empowers enterprises and consumers to access private wealth management through our Wealth-as-a-Service platform

Key people:

2

Funding Rounds

$58.3m

Money raised

At Sensibill, we're working to make financial services personal—you could say, more human. We build products that reveal insights into everyday spend that can be used to truly personalize financial services. A team with a passion to make a difference in people’s lives.We believe anyone can achieve financial wellness.

Key people:

7

Funding Rounds

$264.0m

Money raised

Mogo is a neobank based in Canada offering Personal accounts including a debit card, with all transactions being managed from an iPhone or Android application. Mogo currently accepts to open mobile bank accounts for residents of Canada.

1

Funding Rounds

Peotic is a San Francisco-based artificial intelligence company developing personalization tools for banking and commerce industries.

1

Funding Rounds

$30.0m

Money raised

Owl Technologies is a company founded in 2018 by Sean Merat, Vahid Mirjalili and Sohrab Merat.

1

Funding Rounds

$80.0k

Money raised

CogniFrame is a company offering classical machine learning and quantum optimization to help financial institutions improve their return on assets.

Location:

Key people:

1

Funding Rounds

$28.0m

Money raised

Amber is a Richmond, British Columbia-based provider of loans and mortgage loans.

2

Funding Rounds

$10.0m

Money raised

Moves is a neobank based in United States offering Business accounts including a debit card, with all transactions being managed from an iPhone or Android application. Moves currently accepts to open mobile bank accounts for residents of United States.

2

Funding Rounds

$604.0k

Money raised

VoPay is a company founded in 2014 by Hamed Arbabi.

Location:

Key people:

2

Funding Rounds

$21.6m

Money raised

TickSmith is a company founded in 2012.

1

Funding Rounds

Merchant Advance Capital is a financing built for small business founded in 2009 by Kevin Sandhu, David Gens and Cody Green.

1

Funding Rounds

Stack is a neobank based in Canada offering Personal accounts including a debit card, with all transactions being managed from an iPhone or Android application. Stack currently accepts to open mobile bank accounts for residents of Canada.

1

Funding Rounds

Gravitas Securities is a company founded in 2008.

1

Funding Rounds

Tier1 Financial Solutions is a company founded in 2008.

3

Funding Rounds

$14.5m

Money raised

Instant Financial is an on-demand payment solution aimed at improving employee's financial wellness.

2

Funding Rounds

Feroot Privacy is a company founded in 2017 by Vitaliy Lim.

1

Funding Rounds

Sourced Group is a company founded in 2010.

3

Funding Rounds

$1.6m

Money raised

FindBob.io is a company founded in 2014 by Roland Chan.

Location:

Key people:

1

Funding Rounds

$2.2m

Money raised

ModernAdvisor is a company founded in 2013 by Navid Boostani.

1

Funding Rounds

$10.0m

Money raised

Whatifi.io is a company founded in 2018 by Jon Cowley.

Location:

Key people:

2

Funding Rounds

$5.0m

Money raised

Kooltra is a company founded in 2012.

1

Funding Rounds

EidoSearch is a Canada-based company founded in 2009 by David Kedmey, Jake Hoppe and Xiao-Ping (Steven) Zhang.

1

Funding Rounds

$4.1m

Money raised

Zenbase is a Canada-based company founded in 2021.

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