Radar · Alternative Lending in Canada
Best Alternative Lending Companies in Canada
The 254 best Alternative Lending companies in Canada in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Pineapple.
By Rohit KhannaTrends & Stories
254companies tracked
$4Bdisclosed funding
1unicorns
85have raised
Canada's Alternative Lending sector has 254 tracked companies and $4.0 billion in disclosed funding behind them — and if you're trying to find who's actually worth your attention, this directory ranks them by equity raised and recent momentum.
Pineapple leads at $1.2B, which is a different order of magnitude than the rest of the pack. Ledn sits at $104M, FundThrough at $66M, and the sector has produced one unicorn. The global market for alternative lending came in around $2.4B in 2023, tracking at a 14.4% CAGR, driven by demand from both individual borrowers and businesses that traditional credit channels still underserve. The conversation around what that actually means for borrowers is getting sharper too — a recent breakdown on what alternative lending is and whether it's friend or foe to banks both reflect how much practitioner thinking has matured this year. I'd flag that open banking regulation in Canada is still shaping how quickly fintechs can access borrower data, which remains a quiet but real constraint on growth. MaRS Discovery District and Kensington Capital Partners anchor the investor side, so the institutional infrastructure is there.
Ranked: Best Alternative Lending companies in Canada
| # | Company | Disclosed funding | Last round | Employees | Founder | Tech stack | Web popularity | Market signals (1y) | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Pineapple Online platform for residential mortgages 42Funding top 27%Tech top 38%Growth top 50%Market bottom 46% All 7 signals ▾Fundingtop 27% Techtop 38% Growthtop 50% Marketbottom 46% Moatbottom 38% Fin. healthbottom 36% Globalbottom 32% Funding: Raised $1.2B across 3 rounds · 3 rounds over 5 yrs (0.6/yr) Tech: 34 technologies across 5/8 capability areas · Cloud: Cloudflare, Netlify rank vs industry peers · Fliar Intelligence Index 42/100 | $1.2B | 9 mo ago | 259 | — | SanityApple iCloud MailGoogle Workspace+19 | Top 10M | — | 1 job opening |
| 2 | Clearco 🦄 Revenue-based financing solution 76Funding top 20%Product top 25%Moat top 26%Innovation top 28% All 10 signals ▾Fundingtop 20% Producttop 25% Moattop 26% Innovationtop 28% Newstop 34% Markettop 35% Growthtop 40% Techtop 41% Globaltop 42% Talentbottom 49% Funding: Raised $905M across 8 rounds · 8 rounds over 7 yrs (1.1/yr) Product: 4 product launch events in 12 mo, 1 the year before · Company stage: Series D rank vs industry peers · Fliar Intelligence Index 76/100 | $905M | 32 mo ago | 315 | Michele Romanow Co-Founder & Executive Chairman | Webflow EcommerceWebflowSalesforce+28 | Top 5M | 4 signals ▲33% New product | — |
| 3 | Fraction Online platform for reverse mortgage loans | $247M | 55 mo ago | 18 | Josh Baker Co-Founder & CTO | WebflowStripeGoogle Ads+27 | Top 10M | — | — |
| 4 | Mogo Provider of an app-based platform for consumer loans and debt management solutions | $210M | 108 mo ago | 261 | Dave Feller Founder and CEO | GhostApple iCloud MailNode.js+20 | Top 1M | — | — |
| 5 | OKR Financial Provider of financial services | $150M | 62 mo ago | 5 | — | — | — | — | — |
| 6 | Nesto Residential Mortgage Loan Marketplace | $130M | 42 mo ago | 300 | Malik Yacoubi Co-founder and CEO | WordPress Block EditorWordPressMySQL+21 | Top 500k | — | — |
| 7 | Quad-Fi Online lending solution for students to provide education financing 11Funding top 33%Talent bottom 49%Global bottom 37%Market bottom 15% All 4 signals ▾Fundingtop 33% Talentbottom 49% Globalbottom 37% Marketbottom 15% Funding: Raised $121M across 2 rounds · 2 rounds over 4 yrs (0.5/yr) Talent: 1 named leader on record · 1 C-suite/founder profile curated rank vs industry peers · Fliar Intelligence Index 11/100 | $121M | 33 mo ago | 13 | Mo Nikjoo Co-Founder & CEO | — | — | — | — |
| 8 | Ledn Blockchain-based & crypto-backed lending platform 57Funding top 25%Moat top 28%Tech top 29%Growth top 35% All 9 signals ▾Fundingtop 25% Moattop 28% Techtop 29% Growthtop 35% Producttop 46% Newsbottom 46% Marketbottom 42% Customersbottom 40% Globalbottom 38% Funding: Raised $104M across 5 rounds · 5 rounds over 8 yrs (0.6/yr) Moat: Editorial + unicorn rating 8/10 · Soonicorn rank vs industry peers · Fliar Intelligence Index 57/100 | $104M | 7 mo ago | 54 | — | SentryZendeskApple iCloud Mail+31 | Top 5M | — | — |
| 9 | Lendified Platform providing fixed rate working capital loans to small businesses | $101M | 75 mo ago | 11 | — | — | — | — | — |
| 10 | BridgePoint Financial Services Litigation financing and risk management solutions for plaintiffs and lawyers | $99M | 75 mo ago | 40 | John Rossos Co-Founder & Principal | Craft CMSPHPYii+24 | Top 5M | — | — |
| 11 | ZayZoon Provider of earned wage access, perks, and financial wellness solutions | $80M | 26 mo ago | 102 | Jamie Ha Co-Founder | HubSpot CMS HubProton MailApple iCloud Mail+30 | Top 100k | — | 1 award |
| 12 | Properly Provider of end to end online brokerage services for buying and selling residential properties | $75M | 47 mo ago | 66 | Anshul Ruparell Co-Founder & CEO | — | — | — | — |
| 13 | Progressa Loan consolidation solution | $72M | 94 mo ago | 95 | Nathan Slee CEO | Cart FunctionalitySquarespace CommerceSquarespace+18 | Top 5M | — | — |
| 14 | FundThrough Online platform for invoice financing focused on small businesses 53Funding top 30%Moat top 31%Growth top 33%Tech top 45% All 8 signals ▾Fundingtop 30% Moattop 31% Growthtop 33% Techtop 45% Talentbottom 49% Marketbottom 44% Globalbottom 36% Newsbottom 21% Funding: Raised $65.5M across 7 rounds · 7 rounds over 11 yrs (0.6/yr) Moat: Editorial + unicorn rating 8/10 · Soonicorn rank vs industry peers · Fliar Intelligence Index 53/100 | $66M | 13 mo ago | 100 | Steven Uster Co-Founder | WordPressMySQLPHP+35 | Top 5M | — | 2 awards |
| 15 | Borrowell Provider of a credit monitoring and financial products comparison platform | $54M | 63 mo ago | 109 | Eva Wong Co-Founder & Chief Operating Officer | HashnodeContentfulApple iCloud Mail+29 | Top 500k | — | — |
| 16 | OCM Investment management firm focused on auto industry | $40M | 59 mo ago | — | Andrew Abraham Founder & CEO | — | — | — | — |
| 17 | Instant On-demand payment solutions for businesses and individuals | $39M | 35 mo ago | 48 | — | WordPressApple iCloud MailGoogle Workspace+37 | Top 1M | — | 1 award |
| 18 | Financeit Point-of-sale consumer financing solution | $36M | 102 mo ago | 255 | Shawn Jeffrey Vice President | WordPressMySQLPHP+33 | Top 1M | — | — |
| 19 | PayBright Online marketplace for point-of-sale financing | $34M | 81 mo ago | 162 | — | DatoCMSApple iCloud MailMicrosoft 365+23 | Top 5M | — | — |
| 20 | TCC Financial Provider of alternative capital to mid-market enterprises through custom finance solutions | $31M | 40 mo ago | — | Jim Case CEO | — | — | — | — |
| 21 | Tenet Computer Group Provider of auto financing solutions for buying electric vehicles 35Tech top 35%Talent top 38%Funding top 42%Fin. health bottom 49% All 7 signals ▾Techtop 35% Talenttop 38% Fundingtop 42% Fin. healthbottom 49% Globalbottom 45% Marketbottom 37% Growthbottom 25% Tech: 33 technologies across 5/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 Talent: 2 named leaders on record · 2 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 35/100 | $28M | 31 mo ago | 39 | Andreas Wallendahl Co-Founder & CEO | ContentfulSentryApple iCloud Mail+25 | Top 5M | — | — |
| 22 | Pine Provider of an online marketplace to find home loans | $22M | 51 mo ago | 37 | Jonathan Shih Co-founder | TurbopackApple iCloud MailGoogle Workspace+27 | Top 5M | — | — |
| 23 | Corl P2P marketplace for revenue-based financing | $20M | 51 mo ago | 11 | Sam Kawtharani Co-Founder & CEO | — | — | — | — |
| 24 | Axis Auto Finance Provider of auto loans | $17M | 56 mo ago | 311 | — | — | — | — | — |
| 25 | CORE Capital Group Provider of business loans and equipment financing | $16M | 69 mo ago | — | David Sutherland Co-Founder | — | — | — | — |
| 26 | Flexiti Credit cards for POS financing to consumers | $15M | 54 mo ago | 418 | — | TypeScriptIonicBootstrap+19 | Top 500k | — | — |
| 27 | RateHub Mortgage comparison platform | $12M | 101 mo ago | 180 | — | Node.jsSalesforceReact+27 | Top 500k | — | — |
| 28 | Wiseday Online marketplace offering residential mortgage loans | $10M | 42 mo ago | 14 | Eric Dahan Co-Founder & CEO | Windows ServerMicrosoft ASP.NETBlazor+9 | Top 10M | — | — |
| 29 | FIX4 Online lending platform for car title loans | $7M | 58 mo ago | 11 | Tave Porta Co-Founder & CEO | WordPressMySQLPHP+23 | Top 10M | — | — |
| 30 | Paperstack Provider of operation management solutions for e-commerce brands 14Talent top 38%Funding top 41%Tech bottom 42%Global bottom 37% All 5 signals ▾Talenttop 38% Fundingtop 41% Techbottom 42% Globalbottom 37% Marketbottom 15% Talent: 2 named leaders on record · 2 C-suite/founder profiles curated Funding: Raised $6.7M across 3 rounds · 3 rounds over 5 yrs (0.6/yr) rank vs industry peers · Fliar Intelligence Index 14/100 | $7M | 10 mo ago | 4 | Vadim Lidich Co-Founder | Webflow EcommerceWebflowcore-js+10 | Top 50M | — | — |
| 31 | Carbeeza App-based savings platform for consumer goods 35Product top 28%Funding top 33%Moat top 45%Patents bottom 49% All 9 signals ▾Producttop 28% Fundingtop 33% Moattop 45% Patentsbottom 49% Talentbottom 48% Innovationbottom 46% Growthbottom 42% Globalbottom 38% Newsbottom 32% Product: 1 published app (30.0k installs) · Company stage: Public Funding: Raised $6.3M across 6 rounds · 6 rounds over 4 yrs (1.5/yr) rank vs industry peers · Fliar Intelligence Index 35/100 | $6M | 22 mo ago | — | Sandro Torrieri CEO & President | — | — | 3 signals ▼80% Leadership · Funding | — |
| 32 | Uplinq Provider of API-based credit risk signals for banks and credit institutions | $5M | 40 mo ago | 16 | Ron Benegbi Co-Founder & CEO | WordPressMySQLPHP+22 | Top 50M | — | 1 award |
| 33 | Bloom Online platform for home equity financing | $5M | 37 mo ago | 16 | Ben McCabe Founder & CEO | WebflowApple iCloud MailMicrosoft 365+24 | Top 5M | — | — |
| 34 | Vaas Provider of automated asset-backed debt facility management platform | $5M | 40 mo ago | 37 | Valentina Valencia Cfa CEO | — | — | 3 signals Funding · Leadership | — |
| 35 | Moves Developer of an online loan platform for gig economy | $5M | 48 mo ago | 45 | — | WordPressMySQLPHP+14 | Top 5M | — | — |
| 36 | Perch Developer of an online platform for residential mortgages | $5M | 44 mo ago | 22 | Alex Leduc Founder & CEO | WordPressApple iCloud MailGoogle Workspace+35 | Top 5M | — | — |
| 37 | Everyday People Financial Provider of a partnership-based digital banking platform | $4M | 16 mo ago | — | Barret Reykdal President and CEO | WordPressMySQLPHP+32 | Top 10M | 8 signals ▼62% Earnings · Leadership · Contracts | — |
| 38 | PADS Online lending platform for mortgage financing | $3M | 32 mo ago | 2 | Stephane Perez Co-Founder | WordPressMySQLPHP+24 | Top 10M | — | — |
| 39 | Timia Capital Provider of P2P platform for revenue-based financing | $3M | 54 mo ago | 12 | — | WordPressMySQLPHP+17 | Top 50M | — | — |
| 40 | Manzil Provider of financial products adhering to Islamic principles and guidelines | $3M | 48 mo ago | 29 | Sam Holako Co-Founder / CPO / Principal Broker | EnvoyAmazon Web Servicescore-js+10 | Top 5M | — | — |
| 41 | Credit App Lending as a service platform for financial institutions | $3M | 24 mo ago | — | Evan Ferguson Founder | Cart FunctionalitySquarespace CommerceSquarespace+15 | Top 1M | — | 1 launch |
| 42 | Levr Online AI-enabled marketplace offering diversified business loans | $2M | 27 mo ago | 15 | — | WordPressMySQLPHP+39 | Top 10M | — | 3 launchs · 3 partnerships |
| 43 | Hardbacon App-based financial product comparison platform for individuals | $2M | 48 mo ago | 52 | — | WordPressMySQLPHP+20 | Top 5M | — | — |
| 44 | NetNow Provider of credit management platform for streamlined credit processes | $2M | 20 mo ago | 8 | Nauman Hafeez Co-Founder & CEO | Framer SitesApple iCloud MailGoogle Workspace+17 | Top 50M | — | — |
| 45 | Clay Financial Provider of home equity access solutions without debt | $2M | 33 mo ago | — | Johnny Henderson Co-Founder & CEO | WordPress Block EditorWordPressApple iCloud Mail+23 | Top 10M | — | — |
| 46 | Idea Financial Business lines of credit and invoice factoring solutions for SMEs 35Growth top 35%Tech top 50%Talent bottom 49%Funding bottom 41% All 7 signals ▾Growthtop 35% Techtop 50% Talentbottom 49% Fundingbottom 41% Productbottom 40% Globalbottom 36% Marketbottom 34% Growth: Fresh capital in last 24 mo Tech: 28 technologies across 4/8 capability areas · Cloud: Cloudflare rank vs industry peers · Fliar Intelligence Index 35/100 | $2M | 5 mo ago | 41 | Larry Bassuk President & Co-Founder | WebflowSalesforceBootstrap+23 | Top 5M | — | — |
| 47 | Parachute Provider of a personal lending platform | $2M | 20 mo ago | 9 | Bruce Hodges Co-Founder | WebflowAdRoll CMP SystemPriority Hints+15 | Top 10M | — | — |
| 48 | goPeer P2P marketplace for personal loans 37Tech top 28%Growth top 35%Talent top 38%Funding bottom 44% All 6 signals ▾Techtop 28% Growthtop 35% Talenttop 38% Fundingbottom 44% Globalbottom 37% Marketbottom 17% Tech: 41 technologies across 6/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 Growth: Fresh capital in last 24 mo rank vs industry peers · Fliar Intelligence Index 37/100 | $975K | 13 mo ago | 9 | Joseph Buaron Co-Founder and CTO | WordPressMySQLPHP+29 | Top 5M | — | — |
| 49 | Chexy Rent payment with credit builder solution for tenants 45Growth top 35%Tech top 35%Talent top 38%Funding top 42% All 9 signals ▾Growthtop 35% Techtop 35% Talenttop 38% Fundingtop 42% Moattop 48% Productbottom 48% Newsbottom 42% Globalbottom 37% Marketbottom 25% Growth: Fresh capital in last 24 mo Tech: 34 technologies across 5/8 capability areas · Cloud: Cloudflare, Vercel rank vs industry peers · Fliar Intelligence Index 45/100 | $974K | 2 mo ago | 10 | Ben Gigone Co-Founder & CTO | TurbopackApple iCloud MailGoogle Workspace+23 | Top 1M | — | — |
| 50 | Karoo Provider of a fintech solutions for lending management 53Talent top 35%Growth top 45%Funding top 49%Global bottom 48% All 5 signals ▾Talenttop 35% Growthtop 45% Fundingtop 49% Globalbottom 48% Techbottom 36% Talent: 3 named leaders on record Growth: Web rank 10,000,000 → 50,000,000 YoY · Fresh capital in last 24 mo rank vs industry peers · Fliar Intelligence Index 53/100 | $500K | 12 mo ago | — | Hugo Markland Co-Founder | SentryApple iCloud MailBootstrap+7 | Top 10M | — | — |
Top 12 Alternative Lending companies in Canada
#1
Public · Toronto, Ontario · founded 2016 · 259 employees$1.2Braised▾
Public · Toronto, Ontario · founded 2016 · 259 employees
Online platform for residential mortgages
Fliar Intelligence Index™ 42how this company ranks against its industry peers
Funding
top 27%Tech
top 38%Growth
top 50%Market
bottom 46%Moat
bottom 38%Fin. health
bottom 36%Funding: Raised $1.2B across 3 rounds · 3 rounds over 5 yrs (0.6/yr) · Last round Post IPO (Sep 2025)
Tech: 34 technologies across 5/8 capability areas · Cloud: Cloudflare, Netlify · Devops: Nginx
Growth: Revenue +11% YoY · Fresh capital in last 24 mo
Audience (LinkedIn): 7k LinkedIn followers
Hiring (LinkedIn): 1 hiring post in 12 mo (public) · hiring: Mortgage Agents & Brokers
Funding rounds
- Sep 2025Post IPO$72.3M
- Jul 2021Series A—
- May 2021Series A$9M
- 2020Conventional Debt$1.1B
Investors
Gravitas Securities
Tech stack
Apple Icloud MailCore-JsDocusignEmotionGodaddyGoogle Analytics
#2
Series B · Toronto, Ontario · founded 2018 · 54 employees$104.2Mraised▾
Series B · Toronto, Ontario · founded 2018 · 54 employees
Ledn is a blockchain-based &crypto-backed lending platform. Offers loans secured by Bitcoin. Provides a segregated wallet address allowing for real-time proof of reserves on-chain. Allows users to repay the loan in Dollars and Bitcoin. Uses the Coindesk Bitcoin price index to determine loan-to-value ratios for Ledn loans.
Fliar Intelligence Index™ 57how this company ranks against its industry peers
Funding
top 25%Moat
top 28%Tech
top 29%Growth
top 35%Product
top 46%News
bottom 46%Funding: Raised $104M across 5 rounds · 5 rounds over 8 yrs (0.6/yr) · Last round Series B (Nov 2025)
Moat: Editorial + unicorn rating 8/10 · Soonicorn · 4 curated direct competitors tracked
Tech: 44 technologies across 6/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 · Devops: Envoy
Audience (LinkedIn): 29k LinkedIn followers — 7.8% of this cohort's audience
Funding rounds
- Nov 2025Series B—
- Aug 2024Conventional Debt$50M
- Dec 2021Series B$70M
- May 2021Series A$30M
Investors
Sygnum, 10T, GoldenTree, Raptor Group, FJ Labs, White Star Capital
Tech stack
Amazon CloudfrontAmazon S3Amazon SesAmazon Web ServicesApple Icloud MailBootstrap
#3
Series B · Toronto, Ontario · founded 2014 · 100 employees$65.5Mraised▾
Series B · Toronto, Ontario · founded 2014 · 100 employees
Online platform for invoice financing focused on small businesses. They work with businesses that sell to established, credit-worthy companies. It provides small business owners better access to working capital by allowing them to leverage the credit strength of their customers. The business uploads the invoices that they want to be funded and once approved they receive access to the invoice as a line of credit.
Fliar Intelligence Index™ 53how this company ranks against its industry peers
Funding
top 30%Moat
top 31%Growth
top 33%Tech
top 45%Talent
bottom 49%Market
bottom 44%Funding: Raised $65.5M across 7 rounds · 7 rounds over 11 yrs (0.6/yr) · Last round Series B (Apr 2025)
Moat: Editorial + unicorn rating 8/10 · Soonicorn · 9 curated direct competitors tracked
Growth: 2 acquisition/expansion moves in 24 mo · Fresh capital in last 24 mo
Audience (LinkedIn): 13k LinkedIn followers — 3.6% of this cohort's audience
Activity (LinkedIn): 2 awards announced in 12 mo
Funding rounds
- Apr 2025Series B$25M
- Oct 2020Series B$50M
- Jun 2018Series A$9M
- Jun 2018Conventional Debt$25M
Founders & team
Investors
ScaleUP Ventures, Klister Credit, OnWave Ventures, Hedgewood, Intercap, Real Ventures
Tech stack
CloudflareCloudflare Bot ManagementCore-JsElementorFacebook PixelFont Awesome
#4
Series A · Toronto, Ontario · founded 2022 · 10 employees$974.4Kraised▾
Series A · Toronto, Ontario · founded 2022 · 10 employees
Rent payment with credit builder solution for tenants. The company's platform allows tenants to send money online to their landlords, earn rewards, and built credit points and also facilitates the points to be redeemed in order to access exclusive membership perks and discounts.
Fliar Intelligence Index™ 45how this company ranks against its industry peers
Growth
top 35%Tech
top 35%Talent
top 38%Funding
top 42%Moat
top 48%Product
bottom 48%Growth: Fresh capital in last 24 mo
Tech: 34 technologies across 5/8 capability areas · Cloud: Cloudflare, Vercel · Observability: Datadog
Talent: 2 named leaders on record · 2 C-suite/founder profiles curated
Funding rounds
- Mar 2026Series A$10.2M
- Jun 2024Seed$3M
- Feb 2023Seed$974.4K
- Jul 2022Seed—
Founders & team
Investors
Antler, Venrex, Crossbeam, GroundBreak Ventures, Ferst Capital Partners, Khosla Ventures
Tech stack
Apple Icloud MailApple Sign-InBranchClerkCloudflareCloudflare Bot Management
#5
Seed · Mississauga, Ontario · founded 2011 · 41 employees$1.5Mraised▾
Seed · Mississauga, Ontario · founded 2011 · 41 employees
Idea Financial is a fintech lending platform providing business lines of credit and factoring solutions to small and medium-sized businesses. Additionally, it plans to provide other unique product features to that of competitors that sets them apart from the marketplace. As of May'17, the platform is yet to be launched.
Fliar Intelligence Index™ 35how this company ranks against its industry peers
Growth
top 35%Tech
top 50%Talent
bottom 49%Funding
bottom 41%Product
bottom 40%Global
bottom 36%Growth: Fresh capital in last 24 mo
Tech: 28 technologies across 4/8 capability areas · Cloud: Cloudflare · Security: Cloudflare Bot Management, Hsts
Talent: 1 named leader on record · 1 C-suite/founder profile curated
Funding rounds
- Jan 2026Conventional Debt$20M
- Jul 2021Conventional Debt$84M
- Jun 2019Conventional Debt$70M
- Apr 2017Seed$1.5M
Founders & team
Investors
Cross River Bank, Synovus, Hudson Cove Capital Management, EverBank
Tech stack
BootstrapBrazeCdnjsCloudflareCloudflare Bot ManagementCore-Js
#6
Series A · Toronto, Ontario · founded 2021 · 4 employees$6.7Mraised▾
Series A · Toronto, Ontario · founded 2021 · 4 employees
Provider of operation management solutions for e-commerce brands. Its solutions include inventory management, advertising, finance payroll, and more.
Fliar Intelligence Index™ 14how this company ranks against its industry peers
Talent
top 38%Funding
top 41%Tech
bottom 42%Global
bottom 37%Market
bottom 15%Talent: 2 named leaders on record · 2 C-suite/founder profiles curated
Funding: Raised $6.7M across 3 rounds · 3 rounds over 5 yrs (0.6/yr) · Last round Series A (Aug 2025)
Tech: 13 technologies across 4/8 capability areas · Cloud: Cloudflare · Security: Cloudflare Bot Management, Hsts
Funding rounds
- Aug 2025Series A$3.6M
- Feb 2023Series A$6.7M
- Feb 2023Conventional Debt—
- Sep 2022Seed—
Founders & team
Investors
Techstars, Accelerator Centre, Google, ventureLAB
Tech stack
CloudflareCloudflare Bot ManagementCore-JsGoogle AnalyticsGoogle WorkspaceHsts
#7
Clearco 🦄Series D · Toronto, Ontario · founded 2015 · 315 employees$905Mraised▾
Clearco 🦄
Series D · Toronto, Ontario · founded 2015 · 315 employees
Revenue-based financing solution. It provides loans to businesses in return for a part or percentage of revenue generated by the business. It provides loans to eCommerce, SaaS, and more.
Fliar Intelligence Index™ 76how this company ranks against its industry peers
Funding
top 20%Product
top 25%Moat
top 26%Innovation
top 28%News
top 34%Market
top 35%Funding: Raised $905M across 8 rounds · 8 rounds over 7 yrs (1.1/yr) · Last round Series D (Oct 2023)
Product: 4 product launch events in 12 mo, 1 the year before · Company stage: Series D
Moat: Editorial + unicorn rating 9/10 · Unicorn · 9 curated direct competitors tracked
Audience (LinkedIn): 49k LinkedIn followers — 13.2% of this cohort's audience
Funding rounds
- Oct 2023Series D$60M
- Oct 2022Series C$230M
- Jul 2021Conventional Debt—
- Jul 2021Series C$215M
Founders & team
Investors
Inovia Capital, Founders Circle Capital, Kensington Capital Partners, SoftBank, SoftBank Vision Fund, Bow Capital
Tech stack
Adobe Audience ManagerAuraBootstrapCloudflareCloudflare Bot ManagementCore-Js
#8
Series B · Calgary, Alberta · founded 2014 · 102 employees$80.5Mraised▾
Series B · Calgary, Alberta · founded 2014 · 102 employees
Provider of earned wage access, perks, and financial wellness solutions. The company offers on-demand pay, allowing employees access to earned wages before scheduled paydays. It also provides a platform for employee rewards and recognition. Additionally, financial wellness tools are available, including educational courses and customized alerts.
LinkedIn Pulse recent public activity · Jul 2026
Audience: 16k LinkedIn followers — 4.3% of this cohort's audience
Activity: 1 awards announced in 12 mo
Funding rounds
- Mar 2024Series B$15M
- Sep 2023Conventional Debt—
- Sep 2023Series B$34.5M
- Aug 2022Conventional Debt$13M
Founders & team
Investors
Bluesky Equities, Prairie Merchant, Viola Group, Export Development Canada, Framework Venture Partners, Intuit
Tech stack
Amazon S3Amazon Web ServicesAosApple Icloud MailCloudflareCloudflare Bot Management
#9
Public · Edmonton, Alberta · founded 2014$4.2Mraised▾
Public · Edmonton, Alberta · founded 2014
Provider of a partnership-based digital banking platform. Its offering includes payment cards, credit cards, consumer financing, credit education, homeownership facilitation, and collection agency services. It also offers services such as white-labeled cards, digital kiosks, and digital banking.
LinkedIn Pulse recent public activity · Jul 2026
Audience: 2k LinkedIn followers
Funding rounds
- Feb 2025Post IPO$4.2M
- Aug 2022Seed—
Founders & team
Investors
EAM Enterprises
Tech stack
All In One SeoAutoptimizeCdnjsCloudflareCore-JsElementor
#10
Seed · Toronto, Ontario · founded 2019 · 9 employees$975.4Kraised▾
Seed · Toronto, Ontario · founded 2019 · 9 employees
P2P marketplace for personal loans. Users must provide personal details and basic information for the registration process. It enables users to prepay the loan. Investors have access to credit risk metrics for investing purposes. Repayment is done by direct debit from the user's account. It also provides investors with an auto investment portfolio.
Fliar Intelligence Index™ 37how this company ranks against its industry peers
Tech
top 28%Growth
top 35%Talent
top 38%Funding
bottom 44%Global
bottom 37%Market
bottom 17%Tech: 41 technologies across 6/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 · Devops: Envoy
Growth: Fresh capital in last 24 mo
Talent: 2 named leaders on record · 2 C-suite/founder profiles curated
Audience (LinkedIn): 1k LinkedIn followers
Funding rounds
- May 2025Seed$441.2K
- Apr 2025Seed$373.2K
- Apr 2025Seed$709.4K
- Apr 2025Seed$365.8K
Founders & team
Investors
Bulldog Capital Partners, Random Occurrence, Ontario Centre of Innovation, ventureLAB
Tech stack
Amazon CloudfrontAmazon S3Amazon Web ServicesBootstrapCloudflareCloudflare Bot Management
#11
Public · Edmonton, Alberta · founded 2020$6.3Mraised▾
Public · Edmonton, Alberta · founded 2020
App-based savings platform for consumer goods. It provides a platform for users to automate savings and other management processes for buying a car. The platform helps users expedite the buying process by giving them the best tools to choose what they wanna buy, and at what price. The platform is available on both Android and iOS platforms.
Fliar Intelligence Index™ 35how this company ranks against its industry peers
Product
top 28%Funding
top 33%Moat
top 45%Patents
bottom 49%Talent
bottom 48%Innovation
bottom 46%Product: 1 published app (30.0k installs) · Company stage: Public
Funding: Raised $6.3M across 6 rounds · 6 rounds over 4 yrs (1.5/yr) · Last round Post IPO (Jul 2024)
Moat: Editorial + unicorn rating 4/10 · IP moat: 4 patents
Funding rounds
- Jul 2024Post IPO$2.2M
- Feb 2024Post IPO$479.2K
- Dec 2023Post IPO$300K
- Aug 2023Post IPO$145.6K
Founders & team
#12
Funding Raised · Toronto, Ontario · founded 2018 · 13 employees$120.7Mraised▾
Funding Raised · Toronto, Ontario · founded 2018 · 13 employees
An online lending solution for students to provide education financing. It offers student loans with suitable terms & rates and refinancing solutions to clear off student's previous debts & reduce monthly payments. It provides an interest discount on student loans based on standing educational merit and payment history. It offers different terms and rates by conducting a soft credit score check of an individual.
Fliar Intelligence Index™ 11how this company ranks against its industry peers
Funding
top 33%Talent
bottom 49%Global
bottom 37%Market
bottom 15%Funding: Raised $121M across 2 rounds · 2 rounds over 4 yrs (0.5/yr) · Last round Conventional Debt (Sep 2023)
Talent: 1 named leader on record · 1 C-suite/founder profile curated
Global: Investors from 1 country beyond Canada
Funding rounds
- Sep 2023Conventional Debt$20M
- Apr 2022Conventional Debt$100.7M
Founders & team
Investors
CWB Maxium Financial, Crayhill, VentureOut
Funding & investor landscape
$4Btotal disclosed funding
71companies funded
186disclosed rounds
1rounds last 90 days
Most active investors
Techstars4 rounds
Y Combinator4 rounds
Notable founders
Steven Uster
Co-Founder · FundThrough
Ben Gigone
Co-Founder & CTO · Chexy
Lizaveta Akhvledziani
Co-Founder & CEO · Chexy
Larry Bassuk
President & Co-Founder · Idea Financial
Vadim Lidich
Co-Founder · Paperstack
Assel Beglinova
Co-Founder & CEO · Paperstack
Michele Romanow
Co-Founder & Executive Chairman · Clearco
Jamie Ha
Co-Founder · ZayZoon
Darcy Tuer
Co-Founder & CEO · ZayZoon
Barret Reykdal
President and CEO · Everyday People Financial
Joseph Buaron
Co-Founder and CTO · goPeer
Marc Caya
Co-Founder & CEO · goPeer
Common questions
How many Alternative Lending companies are there in Canada?
Radar tracks 254 indexable Alternative Lending companies headquartered in Canada that meet our profile-completeness bar.
What is the total funding raised by Alternative Lending companies in Canada?
The Alternative Lending companies in Canada on this list have raised a combined $4B in disclosed equity funding across 71 funded companies.
Which is the highest-funded Alternative Lending company in Canada?
Pineapple is the highest-funded Alternative Lending company in Canada, with $1.2B in disclosed equity funding.
How many Alternative Lending companies in Canada are funded?
71 of the 254 Alternative Lending companies in Canada on this list have disclosed at least one equity funding round.
How many Alternative Lending unicorns are there in Canada?
1 Alternative Lending company in Canada on this list is valued at $1B or more.
Who are the top investors in Canada Alternative Lending companies?
The most active investors in Canada Alternative Lending companies on this list include MaRS Discovery District, Kensington Capital Partners, CFV Ventures, Global Founders Capital, RevTech Labs.
Rohit KhannaTrends & Stories
Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.