This article showcases our top picks for the best Toronto based Payments companies. These startups and companies are taking a variety of approaches to innovating the Payments 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 Payments Startups
Data sourced from Crunchbase and SemRush.
Wave
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Wave offers tailored financial services (payments, payroll) and award-winning free software for small/micro-businesses around the world.
Financeit
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Financeit simplifies complex sales transactions for businesses and their customers.
FreshBooks
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FreshBooks, cloud-based accounting software, allows owners to invoice clients, track time and run their small businesses in the cloud.
KOHO Financial
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KOHO Financial provides an application based banking platform intended to simplify financial products available to everyone.
Relay
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Relay is a digital bank designed for growing businesses.
VersaPay
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VersaPay is an Fintech company offering an Accounts Receivable Software as a Service solution and Payment acquiring services.
Plooto
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Plooto is a payment management platform for small and medium-sized businesses that helps to automate and streamlines their payments.
ChargeLab
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ChargeLab is the Android of EV charging. Our hardware-agnostic software runs on the world’s most popular EV chargers.
Buckzy Payments
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Buckzy Payments Inc. is a Toronto, CA-based fintech company enabling cross-border real-time payments.
Aya
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Aya is a healthcare startup that builds payment tools and programs for employee benefits packages.
nanopay
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nanopay empowers businesses and banks to scale with innovative payment and liquidity management products.
Payment Rails
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Payment Rails is an API first payouts platform for businesses and platforms to pay on-demand workers globally.
Dream Payments
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Dream Payments is a fintech platform that enables merchants to sell everywhere using mobile devices.
Merrco Payments
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Merrco is helps businesses thrive by bringing seamless, secure payment solutions company.
Vouchr
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Vouchr has created an engagement platform focused on the consumer payment experience and digital transactions.
Smooth Commerce
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The Smooth Commerce technology first launched in 2014 under the SmoothPay brand.
Livelii
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Livelii is a Techstars company, bringing a first of its kind group health and dental benefits to the independent and freelance workforce.
Knit People
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Cloud payroll & payments, HR, and benefit service for small businesses. Proudly Canadian.
Kili
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Kili Technology is a fabless semiconductor company that markets Kili 3.x chipsets and related firmware to OEMs and component suppliers.
DawaSwift
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A healthcare technology provider that is revolutionizing how patients access medications & healthcare services from pharmacies & providers.
Coinkite
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BITCOIN SECURITY HARDWARE – DON’T TRUST. VERIFY.
Payfare
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Providing instant payout and digital banking solutions for today’s workforce.
Digital Retail Apps
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Digital Retail Apps is a mobile application that enables users to scan, view, and purchase items through their smartphones.
Fintech Select
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Fintech Select is a provider of robust and disruptive Pre-Paid Card programs, mobile banking solutions and Cryptocurrency technologies.
StorsApp Pay
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Receive and Send payments in any fiat or crypto
STACK
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STACK delivers a smarter way to spend, save and share your money, straight from your mobile and fee-free, like it should be.
Eve Tab
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Eve empowers you with an on-demand VIP bar service experience at the hottest nightclubs.
CubbySpot Inc.
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Toronto-based startup developing CubbySpot, a mobile app that helps parents find the best daycare for their child.
Paytm Labs
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We are an internationally recognized payments and financial services company based in Toronto that launched in 2014
Moneris
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Moneris is Canada’s largest financial technology company that specializes in payment processing.
Gift Jeenie
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Shopping marketplace & cash-back loyalty platform, powered by Blockchain.
Pinch VR
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Pinch VR is a Smartphone case that transforms your mobile into a virtual reality experience.
Hangry
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Hangry is a mobile ordering & loyalty platform integrated with campus card systems.
D+H
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D+H is committed to being the technology partner that financial services organizations trust and rely on to build deeper and more
PayPro Global
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PayPro Global is an e-commerce solutions provider for any business selling digital products.
AvidRetail
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AvidRetail is a Canadian mobile retail and payment technology company.
Decentral
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Decentral is an innovation hub for disruptive and decentralized technologies.
SmoothPay
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SmoothPay is a mobile payment, loyalty and engagement company delivering valuable offers and rewards to consumers through the SmoothPay app
HealthBank
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The leading consumer & enterprise healthcare payments infrastructure for patients, providers, pharmacies, insurance carriers, benefits & HR.
Satsriver
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Remonetizing the internet by enabling new value for value business models for the open internet.
ZED Network Inc.
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A payment orchestration platform in 200+ countries with one single API integration.
Berkeley Payment Solutions
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Berkeley Payment Solutions delivers mastercard and visa prepaid card programs for corporations, governments, and financial institutions.
Spend
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Spend develops a universal bank account that merges cryptocurrency seamlessly to fiat.
RIVVI
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Rivvi enables businesses to save money by automating their payroll processes and paying their employees faster.
AscendantFX Capital
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AscendantFX is a Payment Solution Provider.
MONEXgroup
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MONEXgroup is a payment processing and merchant services provider.
Phaze
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Phaze is a powerful payment solution that enables enterprises to issue digital gift cards and prepaid mobile top-ups.
TESS
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TESS is a blockchain company developing a payments ecosystem for component and sub-component supply chain settlements.
CertaPay
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CertaPay develops real-time, globally interoperable, point-to-point payment solutions that leverage and integrate seamlessly.
GoParkr
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Full Stack Parking Management Solution – Let Asset Managers Optimize Parking Operations
Ott Pay
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Ott Pay is a mobile payments company located in Toronto.
Pungle
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Pungle provides digital payment solutions that enable businesses to reduce cost, delivery time, administration, and customer friction.
SpendSafe
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We help parents effortlessly track their children’s spending while teaching money management skills
PsiGate
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PSiGate is a full-service Canadian provider of electronic payment processing services.
Lucova Inc.
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To make commerce a more personal, seamless and connected experience by disrupting the point-of-sale with a Point-of-Experience (POE)
Dwello
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Dwello is a Canada-based company that helps its users process rental payments.
InfoFlo Pay
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InfoFlo Pay offers invoice management systems and software for efficient payment processing.
Instadebit
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Instadebit is a global leader in ecommerce and risk management with a consumer facing payment processing solution available in 32 countries.
QuantumSense
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QuantumSense is an artificial intelligence company that provides a top semantic search engine that works on the sentence level.
EnStream
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EnStream provides mobile payments and identity verification services.
Nōwn
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Nōwn is the complete POS that puts the focus on the person behind the purchase.
Pllenty
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Pllenty is a payment and communication platform to deliver customer engagement experience.
Oasis Technology
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Oasis Technology Ltd. is a Canadian software company that enables clients and partners in more than 70 countries.
International Payment Solutions
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International Payment Solutions is a North American Merchant processing and technology company.
Renoshield
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Renoshield offers secure mobile payments for the home renovation industry.
Aramor Payments
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Aramor Payments provides bespoke payment solutions for medium to large merchants.
QicSEND
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Qicsend™ is an online international money transfer service that sends money to over 40 countries
Bendix Foreign Exchange Corporation
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Bendix Foreign Exchange Corporation is a financial services fintech company located in Toronto.
Voltage Pay
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Voltage Pay is act as consultants to their clients and individually tailor innovative financial services and technology.
OnTab
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OnTab is an online service that enables merchants to start accepting mobile payments.
Jameson Bank
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Jameson Bank is a leading provider of integrated foreign exchange and payment solutions.
CollectivePOS
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Collective Point of Sale Solutions is Canada’s Choice for Payment Processing.
WristCoin
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SaaS, Cashless Payments, Fintech, NFC, Contactless
INKAS Payments
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INKAS Payments is one of the top merchant services providers in Canada from basic payment processing to Smart Point of Sales systems.
Blockgration
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Blockgration provides a one-stop multi-currency digital wallet platform and blockchain centric technology and payment solutions.
NorthStar Currency
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NorthStar Currency is a payment platform for educational institutes, agents and international students.
ECHOage
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ECHOage is an online birthday party service that offers an invitation and payments system.
Cordon Media
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Cordon Media is a digital agency that provides mobile app development, digital marketing, and mobile strategy.
HeartPayroll
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HeartPayroll has a simple philosophy, to provide peace of mind when it comes to payroll & taxes.
Nexu
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Nexu is a Canadian technology company offering Bill Payments, Money Transfers & Remittances,Loyalty Programs and other services.
Guestlist
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Guestlist is an online event registration service that helps users sell tickets.
Talent Payment Services
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TPS became the first independent talent payment company to service the Canadian advertising community.
XRomb
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XRomb is a mobile platform offering a development framework for deploying mobile applications.
Virtual Next
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Virtual Next is a developer of software that provides mobile payment and loyalty card services to businesses.
Netco Services
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Netco Services provides cash and payment processing systems.