Toronto’s FinTech Startups: Revolutionizing Finance, Canadian Style

January 18, 2024

Canada has proven to be a fertile ground for startups, with Toronto serving as a thriving hub for companies across a myriad of industries. An area of particular growth in recent years is the finance sector. With the onset of the fintech boom in the last decade, a wealth of startups have emerged, striving to disrupt traditional methods of financial service. In this edition, we introduce a handful of dynamic Toronto-based financial startups, all established in 2020 or later. These companies are digitizing and democratizing the industry with the use of cutting-edge technologies and innovative solutions, helping to pave the way for a new era of finance.

Despite the challenges brought about by the COVID-19 pandemic, these startups – spanning sectors from insurance to crypto mining – have been agile and resilient. They identified gaps in the market and wasted no time in executing their compelling visions. Whether it be building AI-driven automated investment strategies or creating an online mortgage brokering platform, these startups are transforming the way people manage and grow their finances.

All of these companies have made significant headway in what is a highly competitive industry. However, their work is far from over – the rapidly evolving financial services landscape calls for continuous innovation and adaptation. Below, we profile the startups that are establishing a new norm for financial services in Canada.


Composer operates in the Finance, Financial Services, and FinTech industries. It was founded by Ananda Aisola and Benjamin Paul Rollert. The platform empowers users to build, test, and manage automated investment strategies without writing a single line of code. Founded in 2020, Composer is based in Toronto, Ontario, Canada. Follow them on Twitter and LinkedIn.


Breezeful is a Toronto-based startup founded by Ade Labinjo and Anthony De Guzman. The company operates in the Finance, Financial Services, FinTech, Machine Learning, and Real Estate sectors. Breezeful is an online mortgage brokering platform that uses machine learning to streamline the mortgage financing process. Follow them on Twitter, Facebook, and LinkedIn.

Libre DeFi

Founded by Josh Davis and Julian V., Libre DeFi operates in the Accounting, Blockchain, Finance, Financial Services, FinTech, and Software sectors. The company aims to introduce transparency and rewarding financial services to the DeFi industry, a goal they pursue by providing a one-stop Defi shop for both crypto veterans and newcomers. Follow them on Twitter and LinkedIn.

ASIC Power Company

ASIC Power Company was founded by Daniel Novak and specializes in providing ASIC technology and royalty streaming financing to the cryptocurrency mining industry. ASIC Power is based in Toronto and operates in the Blockchain, Cryptocurrency, Finance, and Mining sectors. Follow them on Twitter and LinkedIn.

First Tracks Capital

First Tracks Capital is a financial services firm that offers flexible investment solutions to small and medium enterprises for business development. The company, founded by Mark Lerohl in 2020, focuses on various sectors including consumer products, financial services, industrials, manufacturing, and technology companies. You can follow them on LinkedIn.

Acies AI

Founded by Jonathan Keebler, Acies AI is a Toronto-based startup that operates in the Artificial Intelligence, Business Intelligence, Computer, Finance, FinTech, and Software sectors. Follow them on LinkedIn.

Hedonic Capital

Founded by Ethan Simoneau, Hedonic Capital operates in the Finance, Financial Services, FinTech, Venture Capital, and Wealth Management sectors. The company offers customizable month-by-month services to businesses looking for rapid growth and ease in financial management. Find more about them on their LinkedIn page.

Walnut Insurance

Walnut Insurance, founded by Adrien Niblock and Derek Szeto, provides embedded insurance infrastructure to retailers, financial services providers, and consumer platforms. They operate in several sectors including Embedded Software, Finance, Financial Services, FinTech, Insurance, and Life Insurance. Learn more about them on Facebook and LinkedIn.


WealthAgile is a FinTech Startup specialized in building a digital AI-based Portfolio Management System. The company was founded by Ehsan Fazl-Ersi and Timothy Burgess with its solution planned for release by December 2021. They plan to operate as a B2B, SaaS that delivers a Plug and Play AI-driven Portfolio Management Platform. You can follow them on LinkedIn

Confirm Mortgage

Confirm Mortgage is an online platform that offers a hassle-free mortgage process by negotiating with lenders on behalf of their clients. You can find more about them on Facebook.


HealthBank, founded by Odero Otieno, is a healthcare financial technology company that is building the financial OS for insurance and consumer payments for the future of healthcare. Their services are aimed towards healthcare providers, health insurance carriers, payers, and benefits & HR platforms. You can follow them on LinkedIn.

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