Fintech startups in Toronto

Shaye Wali, Jonathan Keebler, Sergio Santinelli

Toronto fintech offering a loan-management system built for the real-estate private-lending sector. Raised CA$2.2M in 2024 led by N49P.

Stuart Szabo, Aditya Mhatre

Founded 2023 in Toronto. Fintech simplifying financial transitions for newcomers/immigrants to Canada. Raised CA$5.25M seed in 2024 and partnered with Deloitte and BMO. Co-founder Aditya Mhatre is of Indian ...

Andrew Graham, Eva Wong

Founded 2014 in Toronto. Free-credit-score pioneer turned diversified lending and credit-building platform (personal loans, Rent Advantage rent-reporting, Credit Builder). Over 4 million members across Canada.

Uchi Uchibeke

Founded 2020 in Toronto. Payment infrastructure originally for cross-border/mass payouts; pivoted in late 2025 toward a payments-and-identity 'passport' layer for AI agents and humans. Founder is of Nigerian...

Michael Garrity, Casper Wong, Paul Sehr

Founded 2011 in Toronto. Point-of-sale financing platform for merchants in home improvement, retail and recreational-vehicle sectors. Co-founder Casper Wong became CEO in 2023; has expanded beyond home-impro...

Corporate spend-management / business-finance platform (cards, expense, bill pay) for Canadian companies — one of the fastest-scaling Toronto fintechs of the 2023–2025 cohort.

Rob Khazzam, Griffin Keglevich, Ruslan Nikolaev

Founded 2019 by University of Waterloo grads; HQ in Toronto. 'Brex of Canada' — corporate cards plus AI-driven expense and spend-management software for Canadian SMBs. Raised a US$48.5M (CA$70M) Goldman Sach...

Hossein Rahnama

Founded 2013 in Toronto (Ryerson/TMU spinout); context-as-a-service / data personalization platform that unifies disparate data sources to power personalized customer experiences, primarily for financial ins...

Mike McDerment, Levi Cooperman, Joe Sawada

Founded 2004 in Toronto (started in McDerment's parents' basement); cloud accounting and invoicing SaaS for small and medium businesses. Grew to ~US$55M+ ARR and a ~US$1B valuation; operates across North Ame...

Daniel Eberhard, Mike Benna

Founded 2014 (Vancouver-founded, now Toronto-HQ). Neobank offering spend-and-save accounts, credit-building and now pursuing a Schedule 1 banking licence. Reached unicorn status in 2026 with a CA$130M Series...

Proptech startup providing AI tenant screening and credit-building tools for landlords; raised a $9.9M CAD (~$7.5M USD) seed round. Part of Toronto's active proptech cohort.

Han Xiao

Founded 2020 in Toronto. Financial-wellness app offering an interest-free line of credit (up to ~CA$150) and credit-building to help consumers cover unexpected expenses and avoid overdraft.

Amar Ahluwalia, Jakob Pizzera, Nathan Di Lucca (DUAL-HQ Calgary/Toronto)

Wealthtech providing a no-code, configurable wealth-management platform (used by firms like Neo Financial) with a Toronto office; note the company is dual-HQ'd with Calgary. Closed a US$20M (CA$29M) Series B...

Hamed Abbasi, Serguei Kloubkov

Founded 2015 in Toronto. Payment-automation platform for accounts payable/receivable and cross-border payments, serving 10,000+ North American SMBs with flat-fee international transfers. ~CA$26M raised from ...

Christopher Barnard, Rob MacLean

Founded 2000 in Toronto; loyalty-commerce platform powering ~60 of the world's leading reward/loyalty programs (airlines, hotels). Was public (TSX: PTS / Nasdaq: PCOM) until Montreal's Plusgrade acquired it ...

Darrell Heaps

Founded 2006 in Toronto; leading investor-relations (IR) operations software with the largest proprietary investor dataset, serving 2,600+ public companies. Went public then private via Sumeru Equity Partner...

Alyssa Richard, James Laird

Founded 2010 in Toronto. Canada's leading financial-product comparison platform; owns mortgage lender CanWise, RH Insurance brokerage and MoneySense. Named ex-SoFi/Goldman leader Naga Parvatharajan CEO (2024...

Yoseph West, Paul Klicnik

Founded 2018 in Toronto. Online business-banking and cash-flow platform targeting US SMBs. Raised a US$32.2M (CA$44M) Series B led by Bain Capital Ventures in 2024 and a further US$50M from General Catalyst'...

Amy Ding

Founded 2020 in Toronto. Proptech/mortgage fintech running a modernized rent-to-own program that lets aspiring buyers occupy a home now while saving for a down payment. Closed CA$26M in equity and debt in Ja...

Emerged from stealth in 2025 with a US$6M seed round. Collaborative payments platform enabling secure, real-time data sharing between merchants, banks and service providers to combat global payments fraud.

Ron Benegbi, Patrick Reily

Founded 2021 in Toronto. AI-driven credit-scoring and risk-assessment infrastructure that helps small-business lenders extend fairer credit, using alternative data. Founder is an immigrant entrepreneur (not ...

Don Mal, George Papayiannis, Rishi Grover

Founded 2011 in Toronto (built out of a co-founder's parents' basement); FP&A / financial planning platform native to Excel and Microsoft 365. Crossed US$100M revenue in 2024; raised ~US$476M total, includin...

Michael Katchen, Brett Huneycutt, Rudy Adler

Founded 2014, Canada's anchor consumer fintech — commission-free investing, trading, saving, crypto and tax. In October 2025 raised CA$750M at a CA$10B valuation, one of Canada's most valuable private tech c...