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101 Top Banking Startups and Companies in Toronto (2021)

This article showcases our top picks for the best Toronto based Banking companies. These startups and companies are taking a variety of approaches to innovating the Banking industry, but are all exceptional companies well worth a follow.

We tried to pick companies across the size spectrum from cutting edge startups to established brands.

We selected these startups and companies for exceptional performance in one of these categories:

  • Innovation
    • Innovative ideas
    • Innovative route to market
    • Innovative product
  • Growth
    • Exceptional growth
    • Exceptional growth strategy
  • Management
  • Societal impact

Top Toronto Banking Startups

Data sourced from Crunchbase and SemRush.

Relay

Relay

Crunchbase Website Twitter Facebook Linkedin

Relay is a digital bank designed for growing businesses.

Sensibill

Sensibill

Crunchbase Website Twitter Facebook Linkedin

Sensibill is a digital receipts ecosystem that allows customers to access receipts directly from bank accounts.

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Zafin

Crunchbase Website Twitter Facebook Linkedin

Zafin is a global enterprise software banking company that enables banks to optimize multiple revenue streams across retail/corporate banks.

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Tier1 Financial Solutions

Crunchbase Website Twitter Facebook Linkedin

Tier1 Financial Solutions is a provider of client relationship management (CRM), KYC & AML compliance, and fraud prevention solutions.

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Salt Edge Inc.

Crunchbase Website Twitter Facebook Linkedin

A leader in providing banks, fintechs, lenders, credit bureaus with Open Banking API solutions, connected to 5000+ banks in 50 countries

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RBC Capital

Crunchbase Website Twitter Facebook Linkedin

Royal Bank of Canada is a financial services company that focuses on banking, wealth management, insurance, investment, and capital markets.

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Brim Financial

Crunchbase Website Twitter Facebook Linkedin

Brim Financial is a provider of a credit card infrastructure and digital platform used in users’ payment experience.

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CAARY Capital

Crunchbase Website Twitter Facebook Linkedin

CAARY is a digital credit, lending and payments platform, offering a corporate credit card and payments solution.

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Payment Rails

Crunchbase Website Twitter Facebook Linkedin

Payment Rails is an API first payouts platform for businesses and platforms to pay on-demand workers globally.

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Scotiabank

Crunchbase Website Twitter Facebook Linkedin

Scotiabank offer personal, commercial, corporate & investment banking products and services.

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Lendified

Crunchbase Website Twitter Facebook Linkedin

The Lendified story begins with a wealth of banking experience, a deep knowledge of the Canadian financial services marketplace.

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Bank of Montreal (BMO)

Crunchbase Website Twitter Facebook Linkedin

Bank of Montreal, a financial services provider, offers retail banking, wealth management and investment banking products and solutions.

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NextBlock Global

Crunchbase Website Twitter Facebook Linkedin

A digital asset investment company.

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CIBC

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Canadian Imperial Bank of Commerce is a Canadian financial institution that provides its clients with banking services.

Sensibill

PitchPoint Solutions

Crunchbase Website Twitter Facebook Linkedin

PitchPoint Solutions is a leading provider of fraud prevention services with the systems, people and experience to quickly validate loan

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Black Banx

Crunchbase Website Twitter Facebook Linkedin

Black Banx is digital Bank offering online, real time account opening for Private and Business clients from 180 countries.

Sensibill

Every

Crunchbase Website Twitter Facebook Linkedin

Every is a bank account designed for online businesses.

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Home Capital Group

Crunchbase Website Twitter Facebook Linkedin

Home Capital is a holding Company.

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Emperor Investments

Crunchbase Website Twitter Facebook Linkedin

Emperor Platform provides the technologies that power the modern financial advisor.

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Payfare

Crunchbase Website Twitter Facebook Linkedin

Providing instant payout and digital banking solutions for today’s workforce.

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HomeEquity Bank

Crunchbase Website Twitter Facebook Linkedin

The first canadian bank and is the only provider exclusively focused on reverse mortgages for homeowners aged 55 and over

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Toronto Dominion Bank Group

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Toronto Dominion Bank Group offers a full range of financial products and services.

Sensibill

Quinsam Capital

Crunchbase Website Twitter Facebook Linkedin

A merchant bank based in Canada and operating internationally.

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STACK

Crunchbase Website Twitter Facebook Linkedin

STACK delivers a smarter way to spend, save and share your money, straight from your mobile and fee-free, like it should be.

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Duo Bank of Canada

Crunchbase Website Twitter Facebook Linkedin

Duo Bank is a Canadian Bank founded on a mission to provide value-driven financial products that are clear and simple.

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Intercap

Crunchbase Website Twitter Facebook Linkedin

Intercap Inc. is a merchant bank based in Toronto, Canada.

Sensibill

Interac

Crunchbase Website Twitter Facebook Linkedin

Interac is a provider of financial banking and debit card services.

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Tangerine Bank

Crunchbase Website Twitter Facebook Linkedin

Tangerine Bank known as the bank that helps Canadians save their money.

Sensibill

BMO Corporate Banking

Crunchbase Website Twitter Facebook Linkedin

BMO Capital Markets is a financial company by BMO Financial Group for the wholesale banking businesses of Bank of Montreal.

Sensibill

Boss Insights

Crunchbase Website Twitter Facebook Linkedin

Your Business Customers’ Financial Data… In Minutes

Sensibill

4Front Capital Partners

Crunchbase Website Twitter Facebook Linkedin

4Front Capital Partners operates as an independent investment bank.

Sensibill

HealthBank

Crunchbase Website Twitter Facebook Linkedin

The leading consumer & enterprise healthcare payments infrastructure for patients, providers, pharmacies, insurance carriers, benefits & HR.

Sensibill

The Canadian Securities Exchange

Crunchbase Website Twitter Facebook Linkedin

CSE is the only exchange in Canada providing trading and market information services for all domestically listed instruments.

Crunchbase Website Twitter Facebook Linkedin

Paramount Commerce

Paramount Commerce is a financial services company that enables customers to make purchases online directly from their bank account.

Sensibill

ASAPP Financial Technology

Crunchbase Website Twitter Facebook Linkedin

ASAPP Financial Technology provides omni-channel account and loan origination solution for retail and small-business banking.

Sensibill

EQ Bank

Crunchbase Website Twitter Facebook Linkedin

EQ Bank provides banking services.

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Spend

Crunchbase Website Twitter Facebook Linkedin

Spend develops a universal bank account that merges cryptocurrency seamlessly to fiat.

Sensibill

Financial Services Regulatory Authority

Crunchbase Website Twitter Facebook Linkedin

Financial Services Regulatory Authority is a financial services company that specializes in evolving commercial and consumer environment.

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Prodigy Labs

Crunchbase Website Twitter Facebook Linkedin

Prodigy Labs is a product development service organisation

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RBC

Crunchbase Website Twitter Facebook Linkedin

Royal Bank of Canada is a global financial institution.

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DBRS

Crunchbase Website Twitter Facebook Linkedin

DBRS is an independent, privately held, globally recognized credit ratings agency.

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Versabank

Crunchbase Website Twitter Facebook Linkedin

Versabank is committed to the ongoing support of a variety of charitable and non-profit organizations in communities.

Sensibill

MLG Blockchain Consulting

Crunchbase Website Twitter Facebook Linkedin

MLG Blockchain Consulting develop next generation blockchain applications using blockchains and smart contract technology.

Sensibill

NvestBank

Crunchbase Website Twitter Facebook Linkedin

NvestBank is a suite of blockchain enabled financial applications for consumer and merchant banking.

Sensibill

Hillcore Group

Crunchbase Website Twitter Facebook Linkedin

The Hillcore Group is a leading independent Canadian investment and advisory firm.

Sensibill

Acxsys

Crunchbase Website Twitter Facebook Linkedin

Acxsys Corporation engages in the development and operation of electronic payment serivces.

Sensibill

Nvest Group

Crunchbase Website Twitter Facebook Linkedin

Nvest Global Enterprises is a financial services finance company located in Toronto.

Sensibill

Home Trust Company

Crunchbase Website Twitter Facebook Linkedin

Home Trust is a financial product and service alternatives, including mortgages, Visa cards, deposits and retail credit services.

Sensibill

IBK Capital

Crunchbase Website Twitter Facebook Linkedin

IBK Capital Corp. is an independent, privately owned investment banking firm which offers a full range of services.

Sensibill

CST Consultants

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CST help families keep their money safe and growing in a registered education savings plan (RESP).

Sensibill

Dwello

Crunchbase Website Twitter Facebook Linkedin

Dwello is a Canada-based company that helps its users process rental payments.

Sensibill

Haventree Bank

Crunchbase Website Twitter Facebook Linkedin

Haventree Bank is a financial services banking company located in Toronto.

Sensibill

CommonWealth Fund Services

Crunchbase Website Twitter Facebook Linkedin

CommonWealth Fund Services, a fund administrator.

Sensibill

VoiceGenie Technologies

Crunchbase Website Twitter Facebook Linkedin

VoiceGenie Technologies is the provider of open VoiceXML platform solutions, development environments, and tools.

Sensibill

DelphX

Crunchbase Website Twitter Facebook Linkedin

DelphX is a capital market company that offers fixed income solutions through the global bond market segment.

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Harmonic Fund Services

Crunchbase Website Twitter Facebook Linkedin

Harmonic Fund Services is a financial service company located in Toronto.

Sensibill

Morrison Financial Services Limited

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Morrison Financial Services Limited

Sensibill

Hampton Securities

Crunchbase Website Twitter Facebook Linkedin

Hampton Securities is a Investment Industry Regulatory Organization of Canada.

Sensibill

DUCA Financial Services Credit Union

Crunchbase Website Twitter Facebook Linkedin

DUCA Financial Services Credit Union is a financial, banking, and insurance service provider company.

Sensibill

eBSEG

Crunchbase Website Twitter Facebook Linkedin

Global Premier Omnichannel Solutions Provider for Banking, Insurance, Wealth Management or any Financial Service Industry in America & EMEA.

Sensibill

RBC Direct Investing

Crunchbase Website Twitter Facebook Linkedin

RBC Direct Investing is a banking institution that offers services in personal banking, wealth management and investment ideas.

Sensibill

Canadian Credit Union Association

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Canadian Credit Union Association is a national association for credit unions.

Sensibill

PearTree Securities

Crunchbase Website Twitter Facebook Linkedin

PearTree Securities provides corporate finance and M&A solutions for Canadian mining and oil & gas companies.

Sensibill

NewPoint Capital Partners

Crunchbase Website Twitter Facebook Linkedin

NewPoint Capital Partners is an independent, mid-market investment banking firm.

Sensibill

Canadian Bankers Association

Crunchbase Website Twitter Facebook Linkedin

The CBA advocates for effective public policies that contribute to a sound banking system that benefits Canadians and our economy.

Sensibill

Exact Cash

Crunchbase Website Twitter Facebook Linkedin

Canada’s Leading ATM Operator.

Sensibill

BCU Financial

Crunchbase Website Twitter Facebook Linkedin

BCU Financial offers personal and business banking as well as financial planning services.

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St Stanislaus-St Casimir’s Polish Parishes Credit Union Limited

Crunchbase Website Twitter Facebook Linkedin

St Stanislaus-St Casimir’s Polish Parishes Credit Union Limited is a banking & financial services firm.

Sensibill

CareerJoy

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CareerJoy is a Professional Training company.

Sensibill

Canadian Securities Institute

Crunchbase Website Twitter Facebook Linkedin

CSI provides credentials and compliance solutions for financial services industry.

Sensibill

Cameron Stephens

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Cameron Stephens is a real estate investment financial services company located in Toronto.

Sensibill

Jaguar Financial Corporation

Crunchbase Website Twitter Facebook Linkedin

Jaguar Financial Corp (Jaguar) is a Canada-based merchant bank.

Sensibill

CCC Investment Banking

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CCC Investment Banking is one of Canada’s leading independent mid-market investment banks.

Sensibill

Blockgration

Crunchbase Website Twitter Facebook Linkedin

Blockgration provides a one-stop multi-currency digital wallet platform and blockchain centric technology and payment solutions.

Sensibill

Equitable Bank

Crunchbase Website Twitter Facebook Linkedin

Equitable Bank focused on building a better banking experience.

Sensibill

Safarifone

Crunchbase Website Twitter Facebook Linkedin

SafariOne is a real-time modular platform that supports the entirety of your mobile financial service business needs

Sensibill

Oaken Financial

Crunchbase Website Twitter Facebook Linkedin

Oaken Financial is a financial and banking services provider.

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Romspen

Crunchbase Website Twitter Facebook Linkedin

Romspen specializes in mortgage and financial services.

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Friedberg Mercantile Group

Crunchbase Website Twitter Facebook Linkedin

Friedberg Mercantile Group Ltd. is a broker dealer that provides a wide range of financial and investment services.

Sensibill

Quantum Capital

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Quantum Capital is a private equity firm specializing in acquisitions of divisions or assets from corporations.

Sensibill

Jacob Securities Inc.

Crunchbase Website Twitter Facebook Linkedin

Jacob Securities Inc. is an independent full-service investment bank providing underwriting and financial advisory services to companies ,

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Comtech Fire Credit Union

Crunchbase Website Twitter Facebook Linkedin

Comtech Fire Credit Union is a financial institution that offers financial services with value-added benefits and a personalized touch.

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Tetha Crypto

Crunchbase Website Twitter Facebook Linkedin

Botique Crypto Investment Bank

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Burns and Wilcox Canada

Crunchbase Website Twitter Facebook Linkedin

Burns & Wilcox Canada is a leading independent wholesale insurance broker and underwriting manager.

Sensibill

Brookfield Financial

Crunchbase Website Twitter Facebook Linkedin

BFIN is a leading global investment bank focused on real estate, infrastructure and renewable power.

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Capital Canada

Crunchbase Website Twitter Facebook Linkedin

Capital Canada Limited is an independent investment banking firm providing expert.

Sensibill

Richmond Club

Crunchbase Website Twitter Facebook Linkedin

Richmond Club is a Finance fintech company located in Toronto.

Sensibill

Acasta Capital

Crunchbase Website Twitter Facebook Linkedin

Acasta Capital is a private merchant banking firm.

Sensibill

Exchange Bank of Canada

Crunchbase Website Twitter Facebook Linkedin

EBC is a domestic bank that specializes in foreign currency exchange and international payments for financial institutions and corporations.

Sensibill

Credence Credit

Crunchbase Website Twitter Facebook Linkedin

Credence Credit is a financial institution that offers debt consolidation, debt reduction, debt settlement, and credit repair services.

Sensibill

HomEquity Bank

Crunchbase Website Twitter Facebook Linkedin

HomEquity Bank offers you options so you can plan your retirement with confidence.

Sensibill

Piggy the Bank

Crunchbase Website Twitter Facebook Linkedin

Goal oriented savings accounts that connects you with retailers for real-time offers.

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Wells Fargo – Canadian Direct Equipment Finance

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Wells Fargo – Canadian Direct Equipment Finance provides loans and leases covering a full range of commercial equipment for businesses.

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Benefits On Madison

Crunchbase Website Twitter Facebook Linkedin

Benefits On Madison aim is simple to lead the payments and insurance market, on a global basis, do that by leveraging technology.

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MFSYS

Crunchbase Website Twitter Facebook Linkedin

MFSYS is specialized in advance microfinance and banking technology solutions.

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Bpf Solutions Group

Crunchbase Website Twitter Facebook Linkedin

Bpf Solutions Group is a consulting company located in Pointe-Claire.

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Talent Matters

Crunchbase Website Twitter Facebook Linkedin

Talent Matters delivers global recruitment & specialized talent solutions for all Digital Matters

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RFA Bank of Canada

Crunchbase Website Twitter Facebook Linkedin

RFA Mortgage Corporation is a Canadian privately-owned mortgage finance company dedicated to the mortgage brokerage market.

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Scotiabank Global Banking and Markets

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Scotiabank Global Banking and Markets provides corporate, investment banking and capital markets services.

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Alpha Group

Crunchbase Website Twitter Facebook Linkedin

Alpha Group is a financial services company.

Sensibill

Maison Placements Canada

Crunchbase Website Twitter Facebook Linkedin

Maison Placements Canada is a bank that offers financial services to its customers.

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