101 Top Financial Services Startups and Companies in Canada

August 7, 2021

This article showcases our top picks for the best Canada based Financial Services companies. These startups and companies are taking a variety of approaches to innovating the Financial Services 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 Canada Financial Services Startups

Data sourced from Crunchbase and SemRush.

Clearco

Clearco

Crunchbase Website Twitter Facebook Linkedin

Clearco is a suite of performance financing products and services tailor-made for founders in all stages of their journey.

Wealthsimple

Wealthsimple

Crunchbase Website Twitter Facebook Linkedin

Wealthsimple offers financial tools to help investors grow and manage their money.

Wealthsimple

Paystone

Crunchbase Website Twitter Facebook Linkedin

Paystone is a provider of customer engagement services and electronic payment processing solutions for businesses of all sizes.

Wealthsimple

Wave

Crunchbase Website Twitter Facebook Linkedin

Wave offers tailored financial services (payments, payroll) and award-winning free software for small/micro-businesses around the world.

Wealthsimple

Financeit

Crunchbase Website Twitter Facebook Linkedin

Financeit simplifies complex sales transactions for businesses and their customers.

Wealthsimple

Nuvei

Crunchbase Website Twitter Facebook Linkedin

Nuvei is a financial service company that provides its clients with payment technology solutions.

Wealthsimple

Bench

Crunchbase Website Twitter Facebook Linkedin

Bench is a fintech company that provides online bookkeeping services for small businesses.

Wealthsimple

Garage Capital

Crunchbase Website Twitter Facebook Linkedin

Garage Capital is an investment fund focusing on early-stage companies in the Waterloo area.

Wealthsimple

Coinsquare

Crunchbase Website Twitter Facebook Linkedin

Coinsquare is a cryptocurrency trading platform for trading Bitcoin, Ethereum, XRP, and other digital currencies.

Wealthsimple

Mogo

Crunchbase Website Twitter Facebook Linkedin

Mogo is a consumer finance company that helps in managing and controlling finances.

Wealthsimple

Canada Pension Plan Investment Board

Crunchbase Website Twitter Facebook Linkedin

Canada Pension Plan Investment Board invests in the contributors and beneficiaries to maximize investment returns.

Wealthsimple

Instant Financial

Crunchbase Website Twitter Facebook Linkedin

Instant is an Employee Financial Wellness platform that provides employees timely and free access to their earned income.

Wealthsimple

KOHO Financial

Crunchbase Website Twitter Facebook Linkedin

KOHO Financial provides an application based banking platform intended to simplify financial products available to everyone.

Wealthsimple

VersaPay

Crunchbase Website Twitter Facebook Linkedin

VersaPay is an Fintech company offering an Accounts Receivable Software as a Service solution and Payment acquiring services.

Wealthsimple

Neo Financial

Crunchbase Website Twitter Facebook Linkedin

Neo Financial is a FinTech company that provides spending, savings, and rewards programs.

Wealthsimple

Symend

Crunchbase Website Twitter Facebook Linkedin

Symend’s digital engagement platform uses behavioral science and data-driven insights to empower customers to resolve past due bills.

Wealthsimple

Bitfarms

Crunchbase Website Twitter Facebook Linkedin

Bitfarms owns and operates blockchain farms that power global decentralized financial economy.

Wealthsimple

DMG Blockchain Solutions

Crunchbase Website Twitter Facebook Linkedin

DMG Blockchain Solutions is a full service diversified blockchain and cryptocurrency company.

Wealthsimple

Borrowell

Crunchbase Website Twitter Facebook Linkedin

Borrowell offers free credit scores, education, and weekly credit monitoring, as well as innovative financial digital tools.

Wealthsimple

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.

Wealthsimple

Flybits

Crunchbase Website Twitter Facebook Linkedin

The leading digital experience platform for the financial sector, delivering personalized experiences to individuals at scale.

Wealthsimple

Sensibill

Crunchbase Website Twitter Facebook Linkedin

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

Wealthsimple

Fraction

Crunchbase Website Twitter Facebook Linkedin

Fraction is a technology based lending platform focused on making residential real estate more affordable, flexible and liquid.

Wealthsimple

Ledn

Crunchbase Website Twitter Facebook Linkedin

Ledn builds financial products with a mission to help more people save in digital assets

Wealthsimple

PayBright

Crunchbase Website Twitter Facebook Linkedin

PayBright is a FinTech company.

Wealthsimple

Zapper

Crunchbase Website Twitter Facebook Linkedin

Zapper is a fintech platform that manages all DeFi assets from one simple interface.

Wealthsimple

Wecommerce

Crunchbase Website Twitter Facebook Linkedin

Wecommerce starts, buys, and invests in top Shopify businesses.

Wealthsimple

Relay

Crunchbase Website Twitter Facebook Linkedin

Relay is a digital bank designed for growing businesses.

Wealthsimple

Innovacorp

Crunchbase Website Twitter Facebook Linkedin

Innovacorp, an early-stage venture capital firm, helps knowledge-based startups commercialize their technologies in the global marketplace.

Wealthsimple

Railz

Crunchbase Website Twitter Facebook Linkedin

Railz is a single API that integrates with the majority of accounting software service providers used by small businesses.

Wealthsimple

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.

Wealthsimple

d1g1t Inc.

Crunchbase Website Twitter Facebook Linkedin

d1g1t is a digital wealth management platform powered by analytics that offers advanced, transparent portfolio management services.

Wealthsimple

Finn AI

Crunchbase Website Twitter Facebook Linkedin

Finn AI provides AI-powered conversational banking technology for personal banking and finance.

Marble Financial

Crunchbase Website Twitter Facebook Linkedin

Marble Financial is on a mission to empower Canadians, with credit building goods, advice and resources, to handle their personal finances.

Wealthsimple

Nesto

Crunchbase Website Twitter Facebook Linkedin

Nesto is a company which gives instant access.

Wealthsimple

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.

Wealthsimple

Flinks

Crunchbase Website Twitter Facebook Linkedin

Flinks is a data company that empowers businesses to connect their users with the financial services they want.

Wealthsimple

Canalyst

Crunchbase Website Twitter Facebook Linkedin

Canalyst is the leading independent provider of fundamental models to institutional investors.

Wealthsimple

Delphia

Crunchbase Website Twitter Facebook Linkedin

The world’s first quantitative investment strategy that anyone can improve with their data.

Wealthsimple

Flow Capital

Crunchbase Website Twitter Facebook Linkedin

Flow Capital provides founder-friendly growth capital for high-growth companies.

Wealthsimple

Meridian Credit Union

Crunchbase Website Twitter Facebook Linkedin

Meridian Credit Union is the credit union and the third largest in Canada.

Wealthsimple

Flexiti Financial

Crunchbase Website Twitter Facebook Linkedin

Flexiti Financial is a Canadian fintech company.

Wealthsimple

Ethoca

Crunchbase Website Twitter Facebook Linkedin

Ethoca established itself as an innovative, one-of-a-kind global collaboration-based technology services company.

Wealthsimple

Mako Financial Technologies

Crunchbase Website Twitter Facebook Linkedin

Mako Fintech, a financial technology platform that automates wealth management processes.

Wealthsimple

Moka

Crunchbase Website Twitter Facebook Linkedin

Moka (previously Mylo) is Canada’s #1 saving and investing app.

Wealthsimple

Doxim

Crunchbase Website Twitter Facebook Linkedin

Doxim is the customer communications management (CCM) and engagement technology leader serving financial and regulated industries.

Wealthsimple

FISPAN

Crunchbase Website Twitter Facebook Linkedin

Fintech Service Management for Financial Institutions

Wealthsimple

Great West Lifeco

Crunchbase Website Twitter Facebook Linkedin

Great-West Lifeco is a financial services holding company with interests in life insurance, health, retirement, and investment services.

Wealthsimple

Beanworks

Crunchbase Website Twitter Facebook Linkedin

Beanworks is an accounts payable automation solution that helps companies eliminate paperwork and reduce invoice processing costs.

Wealthsimple

FundThrough

Crunchbase Website Twitter Facebook Linkedin

FundThrough helps small business owners navigate their cash flow challenges with by accessing the working capital in their unpaid invoices.

Wealthsimple

Fairfax Financial Holdings

Crunchbase Website Twitter Facebook Linkedin

Fairfax Financial Holdings Limited is a financial services holding company

Wealthsimple

Plooto

Crunchbase Website Twitter Facebook Linkedin

Plooto is a payment management platform for small and medium-sized businesses that helps to automate and streamlines their payments.

Wealthsimple

Corporate Finance Institute

Crunchbase Website Twitter Facebook Linkedin

Corporate Finance Institute provides online training and education for finance and investment professionals.

Wealthsimple

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

Wealthsimple

Breathe Life

Crunchbase Website Twitter Facebook Linkedin

The digital distribution platform for life insurance carriers

Wealthsimple

Planswell

Crunchbase Website Twitter Facebook Linkedin

Planswell is on a mission to provide the world’s most actionable financial planning experience to everyone, for free.

Wealthsimple

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.

Wealthsimple

Element Fleet Management

Crunchbase Website Twitter Facebook Linkedin

Element Fleet Management (TSX: EFN) is the leading global fleet management company.

Wealthsimple

Buckzy Payments

Crunchbase Website Twitter Facebook Linkedin

Buckzy Payments Inc. is a Toronto, CA-based fintech company enabling cross-border real-time payments.

Wealthsimple

Moves

Crunchbase Website Twitter Facebook Linkedin

A fintech product for the gig economy, and a collective for gig workers

Wealthsimple

ZayZoon

Crunchbase Website Twitter Facebook Linkedin

ZayZoon gives employees access to their paycheck at any point in the pay cycle.

Wealthsimple

Quandl

Crunchbase Website Twitter Facebook Linkedin

Quandl is the premier source for open, commercial, and alternative data, serving investment professionals.

Wealthsimple

CoinSmart

Crunchbase Website Twitter Facebook Linkedin

CoinSmart is a Toronto-based cryptocurrency exchange company that allows users to buy, sell, and track their crypto.

Wealthsimple

nanopay

Crunchbase Website Twitter Facebook Linkedin

nanopay empowers businesses and banks to scale with innovative payment and liquidity management products.

Wealthsimple

RateHub.ca

Crunchbase Website Twitter Facebook Linkedin

RateHub.ca is a finance website allowing users to compare Canadian mortgage, insurance, and credit card rates.

Wealthsimple

Owl.co

Crunchbase Website Twitter Facebook Linkedin

Owl is a data aggregator/analyzer that helps Financial Institutions know their customers like never before.

Wealthsimple

Shakepay

Crunchbase Website Twitter Facebook Linkedin

Shakepay is a technology company that provides financial applications for building wealth.

Wealthsimple

CAARY Capital

Crunchbase Website Twitter Facebook Linkedin

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

Wealthsimple

Alaris Equity Partners

Crunchbase Website Twitter Facebook Linkedin

Alaris Royalty provides alternative financial services, such as long-term equity capital, for private businesses in North America.

Wealthsimple

Fluence Technologies

Crunchbase Website Twitter Facebook Linkedin

Fluence is the only financial close and consolidation software for mid-sized companies.

Wealthsimple

NDAX

Crunchbase Website Twitter Facebook Linkedin

NDAX is a Canadian cryptocurrency exchange offering a world-class experience to safely trade digital assets.

Wealthsimple

QuadFi

Crunchbase Website Twitter Facebook Linkedin

Invisible Credit Group (Millennial & Newcomers) Risk Rating & Lending

Wealthsimple

ClearEstate

Crunchbase Website Twitter Facebook Linkedin

ClearEstate provides helpful and caring guidance to executors by acting as a one-stop shop for all estate-related services.

Wealthsimple

Victory Square

Crunchbase Website Twitter Facebook Linkedin

Victory Square creates, funds, and executes on ideas in sports, health, and entertainment.

Wealthsimple

BENQI Corpo

Crunchbase Website Twitter Facebook Linkedin

BENQI is a liquidity market operating on the Avalanche network

Wealthsimple

Dream Payments

Crunchbase Website Twitter Facebook Linkedin

Dream Payments is a fintech platform that enables merchants to sell everywhere using mobile devices.

Wealthsimple

Nuvei (formerly SafeCharge)

Crunchbase Website Twitter Facebook Linkedin

SafeCharge is now Nuvei the payment technology partner of thriving brands.

Wealthsimple

Agreement Express

Crunchbase Website Twitter Facebook Linkedin

SaaS platform that automates the client onboarding process for financial services firms.

Wealthsimple

Progressa

Crunchbase Website Twitter Facebook Linkedin

Millions of Canadians have had their credit rating impacted by overdue bills and items that have gone to collections.

Wealthsimple

CIBC

Crunchbase Website Twitter Facebook Linkedin

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

Wealthsimple

Finaeo

Crunchbase Website Twitter Facebook Linkedin

Finaeo helps the life insurance industry simplify distribution by automating the front/back-office of today’s complex supply chain.

Wealthsimple

Sagen MI Canada

Crunchbase Website Twitter Facebook Linkedin

Sagen MI Canada is a private sector supplier of mortgage default insurance in Canada.

Wealthsimple

Goldmoney

Crunchbase Website Twitter Facebook Linkedin

Goldmoney is a financial services group that combines the unique attributes of gold with technology-driven innovation.

Wealthsimple

Kingsway Financial Services

Crunchbase Website Twitter Facebook Linkedin

Kingsway Financial Services is one of the largest non-standard automobile insurers and truck insurers in North America.

Wealthsimple

InvestX Capital

Crunchbase Website Twitter Facebook Linkedin

InvestX is the private equity marketplace for registered dealers to provide access to retail accredited investors.

Wealthsimple

Canopy Rivers

Crunchbase Website Twitter Facebook Linkedin

Canopy Rivers is a venture capital firm specializing in cannabis.

Wealthsimple

Cash 4 You

Crunchbase Website Twitter Facebook Linkedin

Cash 4 You is a Cambridge, Ontario-based consumer finance retailer.

Wealthsimple

Wagepoint

Crunchbase Website Twitter Facebook Linkedin

Wagepoint is your all-in-one payroll solution filled with all the features you need, and none of the stuff you don’t.

Wealthsimple

IGM Financial

Crunchbase Website Twitter Facebook Linkedin

IGM Financial Inc., a personal financial services company, provides investment advisory and related services.

Wealthsimple

Senso.ai

Crunchbase Website Twitter Facebook Linkedin

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

Wealthsimple

Lending Loop

Crunchbase Website Twitter Facebook Linkedin

Lending Loop core focus is providing businesses with accessible capital at fair interest rates through a simple online process.

Wealthsimple

BlockCerts Blockchain

Crunchbase Website Twitter Facebook Linkedin

BlockCerts is the only one-click SaaS platform, which enables companies to truly go digital

Wealthsimple

MazumaGo

Crunchbase Website Twitter Facebook Linkedin

Make business payments move.

Wealthsimple

Stox

Crunchbase Website Twitter Facebook Linkedin

Stox.com, Inc. provides financial data to consumers, public companies, and brokers.

Wealthsimple

Foxquilt

Crunchbase Website Twitter Facebook Linkedin

Foxquilt is an Insurance technology company focused on empowering small businesses and B2B networks to save on Small Business insurance.

Wealthsimple

Hardbacon

Crunchbase Website Twitter Facebook Linkedin

Hardbacon strives to help Canadians make better financial decisions.

Wealthsimple

Purpose Financial

Crunchbase Website Twitter Facebook Linkedin

Purpose Financial is a financial services company.

Wealthsimple

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.

Wealthsimple

BTL Group

Crunchbase Website Twitter Facebook Linkedin

BTL offers blockchain solutions to businesses across multiple industries, in particular the finance, energy and gaming sectors.

Wealthsimple

Volaris Group

Crunchbase Website Twitter Facebook Linkedin

Strengthening businesses within the markets they compete and enabling them to grow.

Wealthsimple

Prodigy Ventures Inc.

Crunchbase Website Twitter Facebook Linkedin

Prodigy Ventures™ is an innovation company, and an early stage investment opportunity in emerging technologies.

Leave your vote

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.

Don't Miss

13 Top Fuel Startups and Companies in British Columbia

This article showcases our top picks for the best British

12 Top Mobile Startups and Companies in New Brunswick

This article showcases our top picks for the best New