Alex
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
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Top Canada Financial Services Startups
Data sourced from Crunchbase and SemRush.
Clearco
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Clearco is a suite of performance financing products and services tailor-made for founders in all stages of their journey.
Wealthsimple
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Wealthsimple offers financial tools to help investors grow and manage their money.
Paystone
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Paystone is a provider of customer engagement services and electronic payment processing solutions for businesses of all sizes.
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.
Nuvei
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Nuvei is a financial service company that provides its clients with payment technology solutions.
Bench
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Bench is a fintech company that provides online bookkeeping services for small businesses.
Garage Capital
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Garage Capital is an investment fund focusing on early-stage companies in the Waterloo area.
Coinsquare
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Coinsquare is a cryptocurrency trading platform for trading Bitcoin, Ethereum, XRP, and other digital currencies.
Mogo
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Mogo is a consumer finance company that helps in managing and controlling finances.
Canada Pension Plan Investment Board
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Canada Pension Plan Investment Board invests in the contributors and beneficiaries to maximize investment returns.
Instant Financial
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Instant is an Employee Financial Wellness platform that provides employees timely and free access to their earned income.
KOHO Financial
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KOHO Financial provides an application based banking platform intended to simplify financial products available to everyone.
VersaPay
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VersaPay is an Fintech company offering an Accounts Receivable Software as a Service solution and Payment acquiring services.
Neo Financial
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Neo Financial is a FinTech company that provides spending, savings, and rewards programs.
Symend
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Symend’s digital engagement platform uses behavioral science and data-driven insights to empower customers to resolve past due bills.
Bitfarms
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Bitfarms owns and operates blockchain farms that power global decentralized financial economy.
DMG Blockchain Solutions
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DMG Blockchain Solutions is a full service diversified blockchain and cryptocurrency company.
Borrowell
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Borrowell offers free credit scores, education, and weekly credit monitoring, as well as innovative financial digital tools.
Zafin
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Zafin is a global enterprise software banking company that enables banks to optimize multiple revenue streams across retail/corporate banks.
Flybits
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The leading digital experience platform for the financial sector, delivering personalized experiences to individuals at scale.
Sensibill
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Sensibill is a digital receipts ecosystem that allows customers to access receipts directly from bank accounts.
Fraction
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Fraction is a technology based lending platform focused on making residential real estate more affordable, flexible and liquid.
Ledn
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Ledn builds financial products with a mission to help more people save in digital assets
Zapper
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Zapper is a fintech platform that manages all DeFi assets from one simple interface.
Wecommerce
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Wecommerce starts, buys, and invests in top Shopify businesses.
Relay
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Relay is a digital bank designed for growing businesses.
Innovacorp
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Innovacorp, an early-stage venture capital firm, helps knowledge-based startups commercialize their technologies in the global marketplace.
Railz
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Railz is a single API that integrates with the majority of accounting software service providers used by small businesses.
RBC Capital
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Royal Bank of Canada is a financial services company that focuses on banking, wealth management, insurance, investment, and capital markets.
d1g1t Inc.
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d1g1t is a digital wealth management platform powered by analytics that offers advanced, transparent portfolio management services.
Finn AI
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Finn AI provides AI-powered conversational banking technology for personal banking and finance.
Marble Financial
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Marble Financial is on a mission to empower Canadians, with credit building goods, advice and resources, to handle their personal finances.
Tier1 Financial Solutions
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Tier1 Financial Solutions is a provider of client relationship management (CRM), KYC & AML compliance, and fraud prevention solutions.
Flinks
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Flinks is a data company that empowers businesses to connect their users with the financial services they want.
Canalyst
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Canalyst is the leading independent provider of fundamental models to institutional investors.
Delphia
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The world’s first quantitative investment strategy that anyone can improve with their data.
Flow Capital
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Flow Capital provides founder-friendly growth capital for high-growth companies.
Meridian Credit Union
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Meridian Credit Union is the credit union and the third largest in Canada.
Flexiti Financial
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Flexiti Financial is a Canadian fintech company.
Ethoca
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Ethoca established itself as an innovative, one-of-a-kind global collaboration-based technology services company.
Mako Financial Technologies
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Mako Fintech, a financial technology platform that automates wealth management processes.
Moka
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Moka (previously Mylo) is Canada’s #1 saving and investing app.
Doxim
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Doxim is the customer communications management (CCM) and engagement technology leader serving financial and regulated industries.
FISPAN
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Fintech Service Management for Financial Institutions
Great West Lifeco
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Great-West Lifeco is a financial services holding company with interests in life insurance, health, retirement, and investment services.
Beanworks
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Beanworks is an accounts payable automation solution that helps companies eliminate paperwork and reduce invoice processing costs.
FundThrough
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FundThrough helps small business owners navigate their cash flow challenges with by accessing the working capital in their unpaid invoices.
Fairfax Financial Holdings
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Fairfax Financial Holdings Limited is a financial services holding company
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.
Corporate Finance Institute
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Corporate Finance Institute provides online training and education for finance and investment professionals.
Salt Edge Inc.
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A leader in providing banks, fintechs, lenders, credit bureaus with Open Banking API solutions, connected to 5000+ banks in 50 countries
Breathe Life
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The digital distribution platform for life insurance carriers
Planswell
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Planswell is on a mission to provide the world’s most actionable financial planning experience to everyone, for free.
Brim Financial
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Brim Financial is a provider of a credit card infrastructure and digital platform used in users’ payment experience.
Element Fleet Management
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Element Fleet Management (TSX: EFN) is the leading global fleet management company.
Buckzy Payments
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Buckzy Payments Inc. is a Toronto, CA-based fintech company enabling cross-border real-time payments.
Moves
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A fintech product for the gig economy, and a collective for gig workers
ZayZoon
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ZayZoon gives employees access to their paycheck at any point in the pay cycle.
Quandl
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Quandl is the premier source for open, commercial, and alternative data, serving investment professionals.
CoinSmart
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CoinSmart is a Toronto-based cryptocurrency exchange company that allows users to buy, sell, and track their crypto.
nanopay
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nanopay empowers businesses and banks to scale with innovative payment and liquidity management products.
RateHub.ca
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RateHub.ca is a finance website allowing users to compare Canadian mortgage, insurance, and credit card rates.
Owl.co
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Owl is a data aggregator/analyzer that helps Financial Institutions know their customers like never before.
Shakepay
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Shakepay is a technology company that provides financial applications for building wealth.
CAARY Capital
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CAARY is a digital credit, lending and payments platform, offering a corporate credit card and payments solution.
Alaris Equity Partners
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Alaris Royalty provides alternative financial services, such as long-term equity capital, for private businesses in North America.
Fluence Technologies
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Fluence is the only financial close and consolidation software for mid-sized companies.
NDAX
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NDAX is a Canadian cryptocurrency exchange offering a world-class experience to safely trade digital assets.
QuadFi
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Invisible Credit Group (Millennial & Newcomers) Risk Rating & Lending
ClearEstate
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ClearEstate provides helpful and caring guidance to executors by acting as a one-stop shop for all estate-related services.
Victory Square
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Victory Square creates, funds, and executes on ideas in sports, health, and entertainment.
BENQI Corpo
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BENQI is a liquidity market operating on the Avalanche network
Dream Payments
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Dream Payments is a fintech platform that enables merchants to sell everywhere using mobile devices.
Nuvei (formerly SafeCharge)
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SafeCharge is now Nuvei the payment technology partner of thriving brands.
Agreement Express
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SaaS platform that automates the client onboarding process for financial services firms.
Progressa
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Millions of Canadians have had their credit rating impacted by overdue bills and items that have gone to collections.
CIBC
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Canadian Imperial Bank of Commerce is a Canadian financial institution that provides its clients with banking services.
Finaeo
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Finaeo helps the life insurance industry simplify distribution by automating the front/back-office of today’s complex supply chain.
Sagen MI Canada
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Sagen MI Canada is a private sector supplier of mortgage default insurance in Canada.
Goldmoney
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Goldmoney is a financial services group that combines the unique attributes of gold with technology-driven innovation.
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.
InvestX Capital
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InvestX is the private equity marketplace for registered dealers to provide access to retail accredited investors.
Canopy Rivers
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Canopy Rivers is a venture capital firm specializing in cannabis.
Cash 4 You
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Cash 4 You is a Cambridge, Ontario-based consumer finance retailer.
Wagepoint
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Wagepoint is your all-in-one payroll solution filled with all the features you need, and none of the stuff you don’t.
IGM Financial
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IGM Financial Inc., a personal financial services company, provides investment advisory and related services.
Senso.ai
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Senso is a fintech startup that uses AI to provide financial institutions with recommendations on how to strengthen client relationships.
Lending Loop
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Lending Loop core focus is providing businesses with accessible capital at fair interest rates through a simple online process.
BlockCerts Blockchain
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BlockCerts is the only one-click SaaS platform, which enables companies to truly go digital
Stox
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Stox.com, Inc. provides financial data to consumers, public companies, and brokers.
Foxquilt
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Foxquilt is an Insurance technology company focused on empowering small businesses and B2B networks to save on Small Business insurance.
Hardbacon
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Hardbacon strives to help Canadians make better financial decisions.
Purpose Financial
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Purpose Financial is a financial services company.
Lendified
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The Lendified story begins with a wealth of banking experience, a deep knowledge of the Canadian financial services marketplace.
BTL Group
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BTL offers blockchain solutions to businesses across multiple industries, in particular the finance, energy and gaming sectors.
Volaris Group
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Strengthening businesses within the markets they compete and enabling them to grow.
Prodigy Ventures Inc.
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Prodigy Ventures™ is an innovation company, and an early stage investment opportunity in emerging technologies.
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