Mark Dunn
This article showcases our top picks for the best Toronto 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
Top Toronto Financial Services Startups
Data sourced from Crunchbase and SemRush.
Wealthsimple
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Wealthsimple offers financial tools to help investors grow and manage their money.
Coinsquare
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Coinsquare is a cryptocurrency trading platform for trading Bitcoin, Ethereum, XRP, and other digital currencies.
Clearco
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Clearco is a suite of performance financing products & services tailor-made for founders in all stages of their journey.
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.
Ledn
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Ledn builds financial products with a mission to help more people save in digital assets
Railz
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Railz is a single API that integrates with the majority of accounting software service providers used by small businesses.
Flow Capital
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Flow Capital provides founder-friendly growth capital for high-growth companies.
Canada Pension Plan Investment Board
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Our mandate is to invest in the best interests of Canada Pension Plan contributors and beneficiaries and to maximize investment returns
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.
Borrowell
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Borrowell offers free credit scores, education, and weekly credit monitoring, as well as innovative financial digital tools.
VersaPay
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VersaPay is an Fintech company offering an Accounts Receivable Software as a Service solution and Payment acquiring services.
Fairfax Financial Holdings
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Fairfax Financial Holdings Limited is a financial services holding company
Sensibill
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Sensibill is a digital receipts ecosystem that allows customers to access receipts directly from bank accounts.
Flybits
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The leading digital experience platform for the financial sector, delivering personalized experiences to individuals at scale.
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.
Delphia
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The world’s first quantitative investment strategy that anyone can improve with their data.
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.
Flexiti Financial
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Flexiti Financial is a Canadian fintech company.
Planswell
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Planswell is on a mission to provide the world’s most actionable financial planning experience to everyone, for free.
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.
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.
Fluence Technologies
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Fluence is the only financial close and consolidation software for mid-sized companies.
Ethoca
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Ethoca established itself as an innovative, one-of-a-kind global collaboration-based technology services company.
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
RateHub.ca
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RateHub.ca is a finance website allowing users to compare Canadian mortgage, insurance, and credit card rates.
Nest Wealth
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Nest Wealth is Canada’s first SaaS-based digital wealth management platform.
Quandl
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Quandl is the premier source for open, commercial, and alternative data, serving investment professionals.
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.
Moves
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A fintech product for the gig economy, and a collective for gig workers
CoinSmart
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CoinSmart is a Toronto-based cryptocurrency exchange company that allows users to buy, sell, and track their crypto.
Brim Financial
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Brim Financial is a provider of a credit card infrastructure and digital platform used in users’ payment experience.
CAARY Capital
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CAARY is a digital credit, lending and payments platform, offering a corporate credit card and payments solution.
Buckzy Payments
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Buckzy Payments Inc. is a Toronto, CA-based fintech company enabling cross-border real-time payments.
Element Fleet Management
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Element Fleet Management (TSX: EFN) is the leading global fleet management company.
nanopay
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nanopay empowers businesses and banks to scale with innovative payment and liquidity management products.
Auxly Cannabis Group
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Auxly Cannabis Group is a collective of entrepreneurs with a passion for the cannabis industry.
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.
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.
Canopy Rivers
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Canopy Rivers is a venture capital firm specializing in cannabis.
Goldmoney
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Goldmoney is a financial services group that combines the unique attributes of gold with technology-driven innovation.
Scotiabank
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Scotiabank offer personal, commercial, corporate & investment banking products and services.
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.
d1g1t Inc.
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d1g1t is a digital wealth management platform powered by analytics that offers advanced, transparent portfolio management services.
Lendified
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The Lendified story begins with a wealth of banking experience, a deep knowledge of the Canadian financial services marketplace.
Dream Payments
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Dream Payments is a fintech platform that enables merchants to sell everywhere using mobile devices.
Homewise
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Homewise uses machine learning to match and secure clients with their best tailored mortgage options from over 30 banks and lenders.
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.
Purpose Financial
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Purpose Financial is a financial services company.
Bank of Montreal (BMO)
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Bank of Montreal, a financial services provider, offers retail banking, wealth management and investment banking products and solutions.
QuadFi
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Invisible Credit Group (Millennial & Newcomers) Risk Rating & Lending
Global Blockchain
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Global Blockchain is an investment company providing investors access to a basket of holdings within the blockchain space.
Corl
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Corl provides capital as a service solution through revenue sharing.
BridgePoint Financial Group
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BridgePoint Financial Group offers litigation financing and risk management solutions for Plaintiffs
CIBC
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Canadian Imperial Bank of Commerce is a Canadian financial institution that provides its clients with banking services.
Nexonia
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Nexonia is a provider of leading web and mobile Expense Reports and Timesheets solutions.
PitchPoint Solutions
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PitchPoint Solutions is a leading provider of fraud prevention services with the systems, people and experience to quickly validate loan
Merrco Payments
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Merrco is helps businesses thrive by bringing seamless, secure payment solutions company.
Platform Group
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A leading provider of capital markets-focused technology with a mission to seamlessly connect the world’s capital seekers and allocators.
Fairfax India Holdings Corporation
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Fairfax India Holdings Corporation is an investment holding company whose investment objective is to achieve long-term capital appreciation.
Korapay
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Korapay offers a payment engine that enables local and global businesses to send and accept payments.
Dealnet Capital
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DealNet Capital services the home and retail sectors providing end-to-end financing plus innovative technology and communication solutions.
TickTrade Systems
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TickTrade Systems is a provider of next-generation, end-to-end FX trading and payments solutions.
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.
CIBC Innovation Banking
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CIBC Innovation Banking is a trusted financial partner to entrepreneurs and investors. Backed by the strength of CIBC
Kora Network
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Kora Network provides the tools needed to build a self-sustaining, community-owned ecosystem for circulating and accumulating capital.
DeFi Technologies
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Routemaster Capital is a Canadian company that focuses on Lithium exploration and development.
Every
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Every is a bank account designed for online businesses.
FindBoB
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A growth, transition and succession planning tool for financial advisors and insurance agents.
Skyline International Development
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Skyline International Development Inc. (“Skyline”) is a private Canadian investment and management company incorporated on December 4,
Balance
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Balance is the safest way to custody, trade, and manage digital assets.
Breezeful
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Breezeful is an online mortgage brokering platform that helps to reduce the mortgage financing.
Algorithmics
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Algorithmics offers enterprise risk solutions to help financial institutions understand and manage risk.
Fortuna.ai
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Fortuna is an AI-powered AUM Growth Platform to help Financial Services firms scale.
Mavennet
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Mavennet provides private enterprise blockchain solutions.
CPP Investments
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CPP Investments helps and provides a foundation on which Canadians build financial security in retirement.
Axis Auto Finance
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Provides non-standard auto financing options.
Manulife Financial
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Manulife Financial is a Canada-based financial services company with principal operations in Asia, Canada and the United States.
Aspire Financial Technologies Inc.
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Toronto-based Financial Technology Company
Connor, Clark & Lunn Infrastructure
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Connor, Clark & Lunn Infrastructure invests in middle-market infrastructure and infrastructure-like assets and companies.
Vuru
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Vuru’s analysis engine does thousands of hours of stock analysis in seconds.
Prodigy Ventures Inc.
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Prodigy Ventures™ is an innovation company, and an early stage investment opportunity in emerging technologies.
Tier1crm
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Tier1crm is a CRM fintech company located in Toronto.
Clip Money Inc.
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Clip Money is the Open Financial Services Platform Built for Retail
knnct
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knnct removes friction from the lending process and makes lending faster, easier and far less complicated for everyone involved.
Emperor Investments
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Emperor Platform provides the technologies that power the modern financial advisor.
TMX Group
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TMX Group companies provide listing venues, trading markets, clearing facilities, data products services to the global financial community.
Pivot Acquisition
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Pivot Acquisition invests in companies operating in technology, financial services, healthcare, and telecommunications sectors.
Round13 Capital
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Round13 Capital is an investment firm that invests in growth-stage companies.
Spruce Grove Capital
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Spruce Grove Capital is an investment company that specializes in investing in startup single businesses.
TSX
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The Toronto Stock Exchange (often abbreviated as TSX) is a stock exchange.
Finneo
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Finneo is a cloud-based SaaS debt management and placement software solution.
Payfare
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Providing instant payout and digital banking solutions for today’s workforce.
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