Toronto’s Innovative Payment Startups Transforming Canada’s Financial Landscape

January 29, 2024

Canadian Startups are known for their innovation and dedication to improving the lives of people here in the Great White North and across the globe. Remarkably, despite the challenges of the global pandemic, several promising startups have taken the stage since 2020, particularly in the Payments industry. These dynamic companies, headquartered in Toronto, Ontario, are making strides by overcoming hurdles and introducing cutting-edge solutions that aim to revolutionize how we handle money in different sectors of our lives. Let’s take a closer look at twelve such startups, each of which is contributing in some way to reshaping the payments landscape.


Located in Toronto, Biquiti operates within the Cryptocurrency, Financial Services, and Payments industry. Its solution leverages the potentials of digital currency and modern financial instruments to improve how transactions are carried out. Know more about Biquiti from its LinkedIn page.


Taliup bridges the gap in Payments, Hotel, Information Technology, and Retail Technology. Co-founded by Adam Mouyal, Taliup develops solutions designed for streamline operations and improve customer experience. Follow their updates on Twitter, Facebook, and LinkedIn.


RentBook, co-founded by Christopher Lam, automates rent payments, making property management easier and more efficient. Its solutions span Apps, Mobile, Payments, Property Management, and Real Estate sectors. Follow them on Twitter, Facebook, and LinkedIn.


RIVVI’s autonomous payroll platform simplifies payroll processes so businesses can enhance their bottom-line and help employees improve their financial health. Rivvi was founded by Arshad Merali, and its solution benefits the Business Development, Financial Services, Fintech, Office Administration, Payments, and Software industries. Find out more on their LinkedIn page.


HealthBank, founded by Odero Otieno, builds the financial OS for insurance and consumer payments for the future of healthcare. They modernize healthcare payments, improving accessibility and efficiency from different angles. Follow their progression on their LinkedIn page.

Payable Apps

Funded by Betsy Berger and Ryan May, Payable Apps develops seamless, low/no code payment connections for popular applications. Their solution simplifies digital payments, improving user engagement and business outcomes. Join their conversations on Facebook and LinkedIn.


Sleek, a startup co-founded by Adam MacEachern, Daniel Baum, and Palmer McCutcheon, provides a browser extension for one-click checkout on all online stores. Their solution simplifies ecommerce shopping, and it rewards customers with cashback. Follow their story on their LinkedIn page and Twitter.


Founded by Jared Nusinoff, Mash is on a mission to remonetize the web by enabling value-for-value exchanges between creators and users. Powered by Bitcoin and Lightning Network, Mash introduces an innovative way of digital monetization. Keep updated with their news and progress on Twitter and LinkedIn.

Tab Commerce

Tab Commerce, co-founded by Sam Unterman and Ty Wilson, modernizes how restaurants and their suppliers do business. Its solution optimizes restaurant back-office operations, making transactions faster and effortless. Get more insights from their LinkedIn page.


WeReno is an online platform that revolutionizes home renovation payments. Making these often cumbersome transactions swift and secure. Follow their updates on Twitter and LinkedIn.


Storspay, co-founded by Adebayo Alonge, Dr. Win Min Oo, and Sabrina Zhou, is a DeFi-crypto payments platform that allows merchants to receive payments in crypto and fiat. Users can earn interest income by staking their balances in the network. Keep updated with them on Twitter, Facebook, and LinkedIn.

Impressively, these startups have introduced innovative solutions that respect and encourage the emerging digital ways of life. Despite the fledgling age of these companies, their contributions to the Payments industry make it clear that the future of Canadian digital transactions is in safe hands.

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