101 Top Banking Startups and Companies in Canada

August 7, 2021

This article showcases our top picks for the best Canada based Banking companies. These startups and companies are taking a variety of approaches to innovating the Banking 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 Canada Banking Startups

Data sourced from Crunchbase and SemRush.

Instant Financial

Instant Financial

Crunchbase Website Twitter Facebook Linkedin

Instant is an Employee Financial Wellness platform that provides employees timely and free access to their earned income.

Zafin

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.

Zafin

Sensibill

Crunchbase Website Twitter Facebook Linkedin

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

Zafin

Relay

Crunchbase Website Twitter Facebook Linkedin

Relay is a digital bank designed for growing businesses.

Zafin

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.

Zafin

Finn AI

Crunchbase Website Twitter Facebook Linkedin

Finn AI provides AI-powered conversational banking technology for personal banking and finance.

Zafin

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.

Zafin

Moka

Crunchbase Website Twitter Facebook Linkedin

Moka (previously Mylo) is Canada’s #1 saving and investing app.

Zafin

FISPAN

Crunchbase Website Twitter Facebook Linkedin

Fintech Service Management for Financial Institutions

Zafin

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

Zafin

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.

Zafin

Canaccord Genuity Group

Crunchbase Website Twitter Facebook Linkedin

Canaccord Genuity is a global, full-service investment bank focused on growth companies.

Zafin

BlocPal International Inc.

Crunchbase Website Twitter Facebook Linkedin

BlocPal is a digital transaction solutions provider delivering a suite of integrated financial services and applications to our partners.

Zafin

Owl.co

Crunchbase Website Twitter Facebook Linkedin

Owl is a data aggregator/analyzer that helps Financial Institutions know their customers like never before.

Zafin

Progressa

Crunchbase Website Twitter Facebook Linkedin

Millions of Canadians have had their credit rating impacted by overdue bills and items that have gone to collections.

Zafin

TickSmith

Crunchbase Website Twitter Facebook Linkedin

TickSmith provides a cloud-based Enterprise Data Web Store that enables firms to monetize their data

Zafin

CIBC

Crunchbase Website Twitter Facebook Linkedin

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

Zafin

Payment Rails

Crunchbase Website Twitter Facebook Linkedin

Payment Rails is an API first payouts platform for businesses and platforms to pay on-demand workers globally.

Zafin

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.

Zafin

Scotiabank

Crunchbase Website Twitter Facebook Linkedin

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

Zafin

NextBlock Global

Crunchbase Website Twitter Facebook Linkedin

A digital asset investment company.

Zafin

JUDI.AI

Crunchbase Website Twitter Facebook Linkedin

JUDI.AI is an AI-driven financial platform for credit unions and banks that want to grow their small business lending and analytics.

Zafin

First Mining Finance

Crunchbase Website Twitter Facebook Linkedin

First Mining Finance is a development company with a diversified portfolio of gold projects.

Zafin

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

Zafin

Black Banx

Crunchbase Website Twitter Facebook Linkedin

Black Banx is digital Bank offering online, real time account opening for Private and Business clients from 180 countries.

Zafin

Ario Platform

Crunchbase Website Twitter Facebook Linkedin

Ario Platform is a modern digital banking platform built for enterprises.

Zafin

Home Capital Group

Crunchbase Website Twitter Facebook Linkedin

Home Capital is a holding Company.

Zafin

Mosaic Capital Corporation

Crunchbase Website Twitter Facebook Linkedin

Mosaic Capital Corporation is an investment company based in western Canada that owns a portfolio of established businesses operating.

Zafin

CGI

Crunchbase Website Twitter Facebook Linkedin

CGI is a canada-based information technology consulting, systems integration and outsourcing company.

Zafin

BCI

Crunchbase Website Twitter Facebook Linkedin

BCI offers investment management services that help clients generate investment returns, be financially secure while protecting their funds.

Zafin

Fostrum

Crunchbase Website Twitter Facebook Linkedin

All in one money management for creators, inluencers & solopreneurs | A Techstars Backed Company

Zafin

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.

Zafin

Emperor Investments

Crunchbase Website Twitter Facebook Linkedin

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

Zafin

Wingocard

Crunchbase Website Twitter Facebook Linkedin

Wingocard is a mobile banking app designed to connect teens to the mobile, cashless economy, and strengthen financial literacy skills.

Zafin

Payfare

Crunchbase Website Twitter Facebook Linkedin

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

Zafin

BMO Corporate Banking

Crunchbase Website Twitter Facebook Linkedin

BMO Capital Markets is a financial company by BMO Financial Group for the wholesale banking businesses of Bank of Montreal.

Zafin

HomeEquity Bank

Crunchbase Website Twitter Facebook Linkedin

The first canadian bank and is the only provider exclusively focused on reverse mortgages for homeowners aged 55 and over

Zafin

National Bank of Canada

Crunchbase Website Twitter Facebook Linkedin

National Bank of Canada is a bank to provide financial services to consumers and businesses.

Zafin

Waleteros

Crunchbase Website Twitter Facebook Linkedin

One-stop-shop Mobile Banking solution addressing the very specific needs of the 20M+ unbanked and under-banked US Hispanics.

Zafin

Duo Bank of Canada

Crunchbase Website Twitter Facebook Linkedin

Duo Bank is a Canadian Bank founded on a mission to provide value-driven financial products that are clear and simple.

Zafin

SmartPay Me

Crunchbase Website Twitter Facebook Linkedin

White-Label Mobile Instant Checkout (EMV/SCA/PSD2/PISP/TISP) solution with Biometry for banks & retailers, disrupting payments cards rails

Zafin

Celtic House Venture Partners

Crunchbase Website Twitter Facebook Linkedin

Celtic House Venture Partners is an independent Canadian investment firm that invests in technology and innovation companies.

Zafin

AcceptLocal

Crunchbase Website Twitter Facebook Linkedin

A powerful turnkey platform providing customer management, fraud prevention and real-time end-to-end funds transferring solutions.

Zafin

Quinsam Capital

Crunchbase Website Twitter Facebook Linkedin

A merchant bank based in Canada and operating internationally.

Zafin

Toronto Dominion Bank Group

Crunchbase Website Twitter Facebook Linkedin

Toronto Dominion Bank Group offers a full range of financial products and services.

Zafin

Desjardins Group

Crunchbase Website Twitter Facebook Linkedin

Largest cooperative financial group in Canada

Zafin

Interac

Crunchbase Website Twitter Facebook Linkedin

Interac is a provider of financial banking and debit card services.

Zafin

STACK

Crunchbase Website Twitter Facebook Linkedin

STACK delivers a smarter way to spend, save and share your money, straight from your mobile and fee-free, like it should be.

Zafin

Tangerine Bank

Crunchbase Website Twitter Facebook Linkedin

Tangerine Bank known as the bank that helps Canadians save their money.

Zafin

Intercap

Crunchbase Website Twitter Facebook Linkedin

Intercap Inc. is a merchant bank based in Toronto, Canada.

Zafin

Boss Insights

Crunchbase Website Twitter Facebook Linkedin

Your Business Customers’ Financial Data… In Minutes

Zafin

Bond Capital

Crunchbase Website Twitter Facebook Linkedin

Bond Capital provides private debt, equity, and other structured junior credit financing solutions to mid-market businesses.

Zafin

VoPay

Crunchbase Website Twitter Facebook Linkedin

VoPay is a leader in payment innovation, digitizing online bank account payments with speed and transparency.

Zafin

4Front Capital Partners

Crunchbase Website Twitter Facebook Linkedin

4Front Capital Partners operates as an independent investment bank.

Zafin

Cypress Hills Partners

Crunchbase Website Twitter Facebook Linkedin

Cypress Hills Partners is a boutique alternative merchant banking firm based out of Vancouver

Zafin

The Plastic Bank

Crunchbase Website Twitter Facebook Linkedin

The Plastic Bank is globally recognized as one of the most important solutions to stop Ocean plastic.

Zafin

ASAPP Financial Technology

Crunchbase Website Twitter Facebook Linkedin

ASAPP Financial Technology provides omni-channel account and loan origination solution for retail and small-business banking.

Zafin

Central 1 Credit Union

Crunchbase Website Twitter Facebook Linkedin

To provide credit unions with the critical scale economies that we can access cost effectively working together.

Zafin

eSignLive by VASCO

Crunchbase Website Twitter Facebook Linkedin

eSignLive e-signatures are white labelled behind some of the world’s most trusted brands and known as a leader alongside DocuSign and Adobe.

Zafin

CMLS Financial

Crunchbase Website Twitter Facebook Linkedin

CMLS Financial provides independently owned mortgage services.

Zafin

DBRS

Crunchbase Website Twitter Facebook Linkedin

DBRS is an independent, privately held, globally recognized credit ratings agency.

Zafin

Nava Ventures

Crunchbase Website Twitter Facebook Linkedin

Nava Ventures is a SaaS company that offers an ecosystem of socially responsible fintech products.

Zafin

HealthBank

Crunchbase Website Twitter Facebook Linkedin

The leading consumer & enterprise healthcare payments infrastructure for patients, providers, pharmacies, insurance carriers, benefits & HR.

Zafin

Interfacing Technologies

Crunchbase Website Twitter Facebook Linkedin

Interfacing Technologies helps organizations to efficiently govern business complexity.

Zafin

Paramount Commerce

Crunchbase Website Twitter Facebook Linkedin

Paramount Commerce is a financial services company that enables customers to make purchases online directly from their bank account.

Zafin

The Canadian Securities Exchange

Crunchbase Website Twitter Facebook Linkedin

CSE is the only exchange in Canada providing trading and market information services for all domestically listed instruments.

Zafin

Alterna Bank

Crunchbase Website Twitter Facebook Linkedin

Alterna Bank offers e-banking as well as brick-and-mortar banking to clients across Canada.

Zafin

Peoples Group

Crunchbase Website Twitter Facebook Linkedin

Peoples Group has been providing boutique financial services to the Canadian marketplace.

Zafin

Baker Tilly Canada

Crunchbase Website Twitter Facebook Linkedin

Baker Tilly Canada provides a full complement of financial services across every major industry sector.

Zafin

RBC

Crunchbase Website Twitter Facebook Linkedin

Royal Bank of Canada is a global financial institution.

Zafin

ME Bank

Crunchbase Website Twitter Facebook Linkedin

ME Bank is a genuine banking alternative with a range of personal and business banking options to suit your needs.

Zafin

Cavirtex

Crunchbase Website Twitter Facebook Linkedin

Cavirtex is a Canadian bitcoin exchange platform.

Zafin

Technicost

Crunchbase Website Twitter Facebook Linkedin

Technicost has been providing Canadian Credit Unions with successful LOS solutions.

Zafin

Spend

Crunchbase Website Twitter Facebook Linkedin

Spend develops a universal bank account that merges cryptocurrency seamlessly to fiat.

Zafin

Fasken Martineau

Crunchbase Website Twitter Facebook Linkedin

Fasken Martineau DuMoulin is an international business law firm with more than 770 lawyers and offices in Vancouver, Calgary, Toronto.

Zafin

Laurentian Bank of Canada

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Laurentian Bank of Canada is a Quebec banking institution operating across Canada.

Zafin

Versabank

Crunchbase Website Twitter Facebook Linkedin

Versabank is committed to the ongoing support of a variety of charitable and non-profit organizations in communities.

Zafin

Everlink Payment Services Inc.

Crunchbase Website Twitter Facebook Linkedin

They’re a leading provider of payment solution and services for credit unions and banks in Canada.

Zafin

Acxsys

Crunchbase Website Twitter Facebook Linkedin

Acxsys Corporation engages in the development and operation of electronic payment serivces.

Zafin

Global Care Capital

Crunchbase Website Twitter Facebook Linkedin

Global Care Capital is a global investment company which specializes in providing early stage financing to private and public companies.

Zafin

Payments Canada

Crunchbase Website Twitter Facebook Linkedin

Payments Canada is responsible for the clearing and settlement infrastructure, processes and rules essential to Canadian economy

Zafin

Prodigy Labs

Crunchbase Website Twitter Facebook Linkedin

Prodigy Labs is a product development service organisation

Zafin

Dwello

Crunchbase Website Twitter Facebook Linkedin

Dwello is a Canada-based company that helps its users process rental payments.

Zafin

Hillcore Group

Crunchbase Website Twitter Facebook Linkedin

The Hillcore Group is a leading independent Canadian investment and advisory firm.

Zafin

Rise Financial

Crunchbase Website Twitter Facebook Linkedin

The corporate card built for savings

Zafin

TuGo Group

Crunchbase Website Twitter Facebook Linkedin

TuGo Group is a travel Insurance Company.

Zafin

Servus Credit Union

Crunchbase Website Twitter Facebook Linkedin

Servus Credit Union is a Financial service company.

Zafin

EQ Bank

Crunchbase Website Twitter Facebook Linkedin

EQ Bank provides banking services.

Zafin

Inverite

Crunchbase Website Twitter Facebook Linkedin

Inverite is the Canadian designed, developed, and focused real-time bank verification service.

Zafin

HSBC Bank Canada

Crunchbase Website Twitter Facebook Linkedin

HSBC is a one of the world’s largest banking and financial services organisations.

Zafin

Bayview Credit Union Limited

Crunchbase Website Twitter Facebook Linkedin

Bayview Credit Union is a Financial co-operative Bank providing to its members a complete slate of financial products and service.

Zafin

Haventree Bank

Crunchbase Website Twitter Facebook Linkedin

Haventree Bank is a financial services banking company located in Toronto.

Zafin

Founders Advantage Capital

Crunchbase Website Twitter Facebook Linkedin

FA Capital is listed on the TSX Venture Exchange under the symbol “FCF” and employs a passive and permanent investment approach.

Zafin

PWL Capital

Crunchbase Website Twitter Facebook Linkedin

nvestment management & financial planning firm for affluent Canadian individuals, families, & professionals.

Zafin

IBK Capital

Crunchbase Website Twitter Facebook Linkedin

IBK Capital Corp. is an independent, privately owned investment banking firm which offers a full range of services.

Zafin

DCBank

Crunchbase Website Twitter Facebook Linkedin

DCBank operates as a chartered bank.

Zafin

St Stanislaus-St Casimir’s Polish Parishes Credit Union Limited

Crunchbase Website Twitter Facebook Linkedin

St Stanislaus-St Casimir’s Polish Parishes Credit Union Limited is a banking & financial services firm.

Zafin

ManuLife Bank

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ManuLife Bank is a federally regulated bank that offers banking, financial and investment services.

Zafin

Libro Credit Union

Crunchbase Website Twitter Facebook Linkedin

Libro Credit Union deals with financial services such as loans, credit cards, mortgage, investment and wealth management.

Zafin

Covarity

Crunchbase Website Twitter Facebook Linkedin

Covarity is a developer of post-origination commercial loan monitoring and analysis solutions for financial institutions.

Zafin

CST Consultants

Crunchbase Website Twitter Facebook Linkedin

CST help families keep their money safe and growing in a registered education savings plan (RESP).

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