101 Top Financial Services Startups and Companies in Toronto (2021)

June 19, 2021

This article showcases our top picks for the best Toronto 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 Toronto Financial Services Startups

Data sourced from Crunchbase and SemRush.

Wealthsimple

Wealthsimple

Crunchbase Website Twitter Facebook Linkedin

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

Coinsquare

Coinsquare

Crunchbase Website Twitter Facebook Linkedin

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

Coinsquare

Clearco

Crunchbase Website Twitter Facebook Linkedin

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

Coinsquare

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.

Coinsquare

Financeit

Crunchbase Website Twitter Facebook Linkedin

Financeit simplifies complex sales transactions for businesses and their customers.

Coinsquare

Ledn

Crunchbase Website Twitter Facebook Linkedin

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

Coinsquare

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.

Coinsquare

Flow Capital

Crunchbase Website Twitter Facebook Linkedin

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

Coinsquare

Canada Pension Plan Investment Board

Crunchbase Website Twitter Facebook Linkedin

Our mandate is to invest in the best interests of Canada Pension Plan contributors and beneficiaries and to maximize investment returns

Coinsquare

KOHO Financial

Crunchbase Website Twitter Facebook Linkedin

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

Coinsquare

Relay

Crunchbase Website Twitter Facebook Linkedin

Relay is a digital bank designed for growing businesses.

Coinsquare

PayBright

Crunchbase Website Twitter Facebook Linkedin

PayBright is a FinTech company.

Coinsquare

Borrowell

Crunchbase Website Twitter Facebook Linkedin

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

Coinsquare

VersaPay

Crunchbase Website Twitter Facebook Linkedin

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

Coinsquare

Fairfax Financial Holdings

Crunchbase Website Twitter Facebook Linkedin

Fairfax Financial Holdings Limited is a financial services holding company

Coinsquare

Sensibill

Crunchbase Website Twitter Facebook Linkedin

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

Coinsquare

Flybits

Crunchbase Website Twitter Facebook Linkedin

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

Coinsquare

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.

Coinsquare

Delphia

Crunchbase Website Twitter Facebook Linkedin

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

Coinsquare

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.

Coinsquare

Flexiti Financial

Crunchbase Website Twitter Facebook Linkedin

Flexiti Financial is a Canadian fintech company.

Coinsquare

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.

Coinsquare

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.

Coinsquare

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.

Coinsquare

Fluence Technologies

Crunchbase Website Twitter Facebook Linkedin

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

Coinsquare

Ethoca

Crunchbase Website Twitter Facebook Linkedin

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

Coinsquare

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

Coinsquare

RateHub.ca

Crunchbase Website Twitter Facebook Linkedin

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

Coinsquare

Nest Wealth

Crunchbase Website Twitter Facebook Linkedin

Nest Wealth is Canada’s first SaaS-based digital wealth management platform.

Coinsquare

Quandl

Crunchbase Website Twitter Facebook Linkedin

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

Coinsquare

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.

Coinsquare

Moves

Crunchbase Website Twitter Facebook Linkedin

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

Coinsquare

CoinSmart

Crunchbase Website Twitter Facebook Linkedin

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

Coinsquare

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.

Coinsquare

CAARY Capital

Crunchbase Website Twitter Facebook Linkedin

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

Coinsquare

Buckzy Payments

Crunchbase Website Twitter Facebook Linkedin

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

Coinsquare

Element Fleet Management

Crunchbase Website Twitter Facebook Linkedin

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

Coinsquare

nanopay

Crunchbase Website Twitter Facebook Linkedin

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

Coinsquare

Auxly Cannabis Group

Crunchbase Website Twitter Facebook Linkedin

Auxly Cannabis Group is a collective of entrepreneurs with a passion for the cannabis industry.

Coinsquare

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.

Coinsquare

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.

Coinsquare

Canopy Rivers

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Canopy Rivers is a venture capital firm specializing in cannabis.

Coinsquare

Goldmoney

Crunchbase Website Twitter Facebook Linkedin

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

Coinsquare

Scotiabank

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

Coinsquare

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.

Coinsquare

d1g1t Inc.

Crunchbase Website Twitter Facebook Linkedin

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

Coinsquare

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.

Coinsquare

Dream Payments

Crunchbase Website Twitter Facebook Linkedin

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

Coinsquare

Homewise

Crunchbase Website Twitter Facebook Linkedin

Homewise uses machine learning to match and secure clients with their best tailored mortgage options from over 30 banks and lenders.

Coinsquare

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.

Coinsquare

Manzil

Crunchbase Website Twitter Facebook Linkedin

Canada’s First Islamic NeoBank

Coinsquare

Purpose Financial

Crunchbase Website Twitter Facebook Linkedin

Purpose Financial is a financial services company.

Coinsquare

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.

Coinsquare

Doorr

Crunchbase Website Twitter Facebook Linkedin

Reinventing the home-buying experience.

Coinsquare

QuadFi

Crunchbase Website Twitter Facebook Linkedin

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

Coinsquare

NextBlock Global

Crunchbase Website Twitter Facebook Linkedin

A digital asset investment company.

Coinsquare

Global Blockchain

Crunchbase Website Twitter Facebook Linkedin

Global Blockchain is an investment company providing investors access to a basket of holdings within the blockchain space.

Coinsquare

Corl

Crunchbase Website Twitter Facebook Linkedin

Corl provides capital as a service solution through revenue sharing.

Coinsquare

BridgePoint Financial Group

Crunchbase Website Twitter Facebook Linkedin

BridgePoint Financial Group offers litigation financing and risk management solutions for Plaintiffs

Coinsquare

CIBC

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

Coinsquare

Nexonia

Crunchbase Website Twitter Facebook Linkedin

Nexonia is a provider of leading web and mobile Expense Reports and Timesheets solutions.

Coinsquare

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

Coinsquare

Merrco Payments

Crunchbase Website Twitter Facebook Linkedin

Merrco is helps businesses thrive by bringing seamless, secure payment solutions company.

Coinsquare

Platform Group

Crunchbase Website Twitter Facebook Linkedin

A leading provider of capital markets-focused technology with a mission to seamlessly connect the world’s capital seekers and allocators.

Coinsquare

Fairfax India Holdings Corporation

Crunchbase Website Twitter Facebook Linkedin

Fairfax India Holdings Corporation is an investment holding company whose investment objective is to achieve long-term capital appreciation.

Coinsquare

Korapay

Crunchbase Website Twitter Facebook Linkedin

Korapay offers a payment engine that enables local and global businesses to send and accept payments.

Coinsquare

Dealnet Capital

Crunchbase Website Twitter Facebook Linkedin

DealNet Capital services the home and retail sectors providing end-to-end financing plus innovative technology and communication solutions.

Coinsquare

TickTrade Systems

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TickTrade Systems is a provider of next-generation, end-to-end FX trading and payments solutions.

Coinsquare

Kingsway Financial Services

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

Coinsquare

CIBC Innovation Banking

Crunchbase Website Twitter Facebook Linkedin

CIBC Innovation Banking is a trusted financial partner to entrepreneurs and investors. Backed by the strength of CIBC

Coinsquare

Kora Network

Crunchbase Website Twitter Facebook Linkedin

Kora Network provides the tools needed to build a self-sustaining, community-owned ecosystem for circulating and accumulating capital.

Coinsquare

DeFi Technologies

Crunchbase Website Twitter Facebook Linkedin

Routemaster Capital is a Canadian company that focuses on Lithium exploration and development.

Coinsquare

Every

Crunchbase Website Twitter Facebook Linkedin

Every is a bank account designed for online businesses.

Coinsquare

Home Capital Group

Crunchbase Website Twitter Facebook Linkedin

Home Capital is a holding Company.

Coinsquare

FindBoB

Crunchbase Website Twitter Facebook Linkedin

A growth, transition and succession planning tool for financial advisors and insurance agents.

Coinsquare

Skyline International Development

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Skyline International Development Inc. (“Skyline”) is a private Canadian investment and management company incorporated on December 4,

Coinsquare

Balance

Crunchbase Website Twitter Facebook Linkedin

Balance is the safest way to custody, trade, and manage digital assets.

Coinsquare

Breezeful

Crunchbase Website Twitter Facebook Linkedin

Breezeful is an online mortgage brokering platform that helps to reduce the mortgage financing.

Coinsquare

Algorithmics

Crunchbase Website Twitter Facebook Linkedin

Algorithmics offers enterprise risk solutions to help financial institutions understand and manage risk.

Coinsquare

Fortuna.ai

Crunchbase Website Twitter Facebook Linkedin

Fortuna is an AI-powered AUM Growth Platform to help Financial Services firms scale.

Coinsquare

Mavennet

Crunchbase Website Twitter Facebook Linkedin

Mavennet provides private enterprise blockchain solutions.

Coinsquare

CPP Investments

Crunchbase Website Twitter Facebook Linkedin

CPP Investments helps and provides a foundation on which Canadians build financial security in retirement.

Coinsquare

Axis Auto Finance

Crunchbase Website Twitter Facebook Linkedin

Provides non-standard auto financing options.

Coinsquare

NexusCrowd

Crunchbase Website Twitter Facebook Linkedin

Canadian Real Estate Crowdfunding Platform

Coinsquare

Manulife Financial

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Manulife Financial is a Canada-based financial services company with principal operations in Asia, Canada and the United States.

Coinsquare

Aspire Financial Technologies Inc.

Crunchbase Website Twitter Facebook Linkedin

Toronto-based Financial Technology Company

Coinsquare

Connor, Clark & Lunn Infrastructure

Crunchbase Website Twitter Facebook Linkedin

Connor, Clark & Lunn Infrastructure invests in middle-market infrastructure and infrastructure-like assets and companies.

Coinsquare

Vuru

Crunchbase Website Twitter Facebook Linkedin

Vuru’s analysis engine does thousands of hours of stock analysis in seconds.

Coinsquare

Prodigy Ventures Inc.

Crunchbase Website Twitter Facebook Linkedin

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

Coinsquare

Tier1crm

Crunchbase Website Twitter Facebook Linkedin

Tier1crm is a CRM fintech company located in Toronto.

Coinsquare

Clip Money Inc.

Crunchbase Website Twitter Facebook Linkedin

Clip Money is the Open Financial Services Platform Built for Retail

Coinsquare

knnct

Crunchbase Website Twitter Facebook Linkedin

knnct removes friction from the lending process and makes lending faster, easier and far less complicated for everyone involved.

Coinsquare

Emperor Investments

Crunchbase Website Twitter Facebook Linkedin

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

Coinsquare

TMX Group

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TMX Group companies provide listing venues, trading markets, clearing facilities, data products services to the global financial community.

Coinsquare

Pivot Acquisition

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Pivot Acquisition invests in companies operating in technology, financial services, healthcare, and telecommunications sectors.

Coinsquare

Round13 Capital

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Round13 Capital is an investment firm that invests in growth-stage companies.

Coinsquare

Spruce Grove Capital

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Spruce Grove Capital is an investment company that specializes in investing in startup single businesses.

Coinsquare

TSX

Crunchbase Website Twitter Facebook Linkedin

The Toronto Stock Exchange (often abbreviated as TSX) is a stock exchange.

Coinsquare

Finneo

Crunchbase Website Twitter Facebook Linkedin

Finneo is a cloud-based SaaS debt management and placement software solution.

Coinsquare

Payfare

Crunchbase Website Twitter Facebook Linkedin

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

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