68 Best Financial Technology Startups in Canada to Watch in 2025

The Definitive Seedtable Ranking of Financial Technology 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 134 start-ups with an aggregate funding of $5.7b. The average funding per company in this subset is $83.2m.

Last update to the database: Feb 18, 2025. See changelog.

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7

Funding Rounds

$612.4m

Money raised

Dapper Labs is a software developer that creates blockchain-based video games and platforms.

Location:

Key people:

1

Funding Rounds

Cryptocurrency company

4

Funding Rounds

$167.0m

Money raised

League is a digital health benefits provider.

4

Funding Rounds

$258.3m

Money raised

An artificial Intelligence company making a business intelligence platform.

10

Funding Rounds

$138.6m

Money raised

Mojio is the leading open platform for connecting cars and providing an expanding marketplace of apps and services that provide accurate, near real-time information about what's happening under the hood.

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.

10

Funding Rounds

$633.6m

Money raised

Hopper is a Canadian technology company.

Industries:

Location:

Key people:

3

Funding Rounds

$70.5m

Money raised

Drop is a company founded in 2015.

3

Funding Rounds

$54.5m

Money raised

Borrowell is a company founded in 2014.

4

Funding Rounds

$41.5m

Money raised

Flybits Inc. is a company that has the mission to bring meaning and wisdom to the data that surrounds every customer, inspiring them to live their lives.

Industries:

Key people:

5

Funding Rounds

$31.0m

Money raised

Humi is a Toronto, Ontario-based company offering an HR, payroll, benefits, and insurance platform.

Location:

Key people:

3

Funding Rounds

$35.5m

Money raised

Slice Labs is a company offering an on-demand insurance marketplace founded in 2015 by Tim Attia.

Key people:

8

Funding Rounds

$115.8m

Money raised

Certn is a British Colombia-based company developing a data platform that helps businesses perform comprehensive background checks and ongoing risk monitoring on employees and contractors around the world.

Key people:

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]

Location:

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

$10.2m

Money raised

Checkfront is a company founded in 2010 by Jason Morehouse.

3

Funding Rounds

$12.2m

Money raised

Breathe Life is an end-to-end SaaS platform for insurance sales.

3

Funding Rounds

$3.1m

Money raised

Giftbit is a company founded in 2011 by Leif Baradoy.

Industries:

Location:

1

Funding Rounds

$210.0k

Money raised

Finn AI is a technology company offering AI-Powered virtual assistants for banks and credit unions.

2

Funding Rounds

$9.3m

Money raised

We provide non-dilutive growth capital to B2B SaaS and software enabled businesses.

1

Funding Rounds

$1.4m

Money raised

An insurance technology company offering a platform for portfolio risk management and pricing for the reinsurance industry.

2

Funding Rounds

$38.3m

Money raised

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

2

Funding Rounds

$8.5m

Money raised

Naborly is a tenant screening software company based in Toronto founded in 2016 by Anastasia Fox.

2

Funding Rounds

$35.9m

Money raised

Elastic Path Software is a Canada-based company founded in 2000.

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.

Location:

Key people:

6

Funding Rounds

$138.2m

Money raised

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

Location:

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.

2

Funding Rounds

$5.0m

Money raised

CryptoNumerics is an enterprise software company that delivers an end to end solution to organizations that want to share data internally and externally, but are restricted from doing so by regulatory, contractual, intellectual property and privacy issues. This platform enables organizations to protect the privacy and intellectual property of their data and collaborate with other organizations to build statistical and machine learning models on distributed privacy-protected data.

1

Funding Rounds

$5.2m

Money raised

NextAI is a company founded in 2010 by Ajay Agrawal.

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.

5

Funding Rounds

$1.2b

Money raised

A financial technology company offering a payment solution platform.

2

Funding Rounds

$1.5m

Money raised

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

3

Funding Rounds

$69.2m

Money raised

SecureKey is a leading identity and authentication provider that simplifies consumer access to online services and applications.

1

Funding Rounds

$1.0m

Money raised

A company offering a customer acquisition and sales platform.

1

Funding Rounds

$75.0m

Money raised

Homebound is a company founded in 2017 by Nikki Pechet.

Key people:

4

Funding Rounds

$49.5m

Money raised

Integrate.ai is a software company that has developed its Trusted Signals Network (TSN) to share signals from different companies for the purpose of data analytics.

5

Funding Rounds

$80.3m

Money raised

MindBridge Ai is a company founded in 2015 by Solon Angel.

Location:

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.

2

Funding Rounds

$6.3m

Money raised

A company making a conversational artificial intelligence platform for serving the insurance industry.

1

Funding Rounds

$10.1m

Money raised

Beanworks is a company founded in 2012 by Reza Sanaie, Catherine Dahl, Cory Cleaver and Tracy Reed.

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.

1

Funding Rounds

$2.0m

Money raised

Clik.ai is a company founded in 2017 by Parag Goswami.

Location:

Key people:

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

$12.3m

Money raised

Blockchain company

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:

2

Funding Rounds

$4.1m

Money raised

Senso is a fintech startup that uses AI to provide financial institutions with recommendations on how to strengthen client relationships.

2

Funding Rounds

$92.8m

Money raised

Paystone offers businesses payment, loyalty, gift card, and customer engagement solutions.

2

Funding Rounds

$20.0m

Money raised

Victory Square is a company founded in 2012 by Shafin Diamond Tejani.

Location:

Key people:

1

Funding Rounds

$15.0m

Money raised

Railz is a Toronto-based provider of an accounting data-as-a-service API

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

$1.9m

Money raised

SheEO is a company founded in 2013.

2

Funding Rounds

$12.5m

Money raised

AutoFi is a company founded in 2015 by Jonathan Palan, Kevin Singerman and Mandar Gokhale.

Key people:

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:

4

Funding Rounds

RentMoola is a company founded in 2013 by Patrick Postrehovsky.

1

Funding Rounds

$38.0m

Money raised

Q4 Inc. is a Prince Edward Island-based global provider of cloud-based investor relations and capital market solutions.

1

Funding Rounds

Zighra is a company founded in 2009 by Deepak Dutt.

1

Funding Rounds

$8.0m

Money raised

Briza is a company founded in 2016.

1

Funding Rounds

$28.0m

Money raised

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

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