Best Alternative Lending Companies in Toronto, Canada
The 98 best Alternative Lending companies in Toronto, Canada in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Pineapple.
Ranked: Best Alternative Lending companies in Toronto
| # | Company | Disclosed funding | Last round | Employees | Founder | Tech stack | Web popularity | 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 | — |
| 3 | 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 | — | — | — |
| 4 | 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 | — |
| 5 | Lendified Platform providing fixed rate working capital loans to small businesses | $101M | 75 mo ago | 11 | — | — | — | — |
| 6 | 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 | — |
| 7 | 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 | — | — | — |
| 8 | 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 | 14 mo ago | 100 | Steven Uster Co-Founder | WordPressMySQLPHP+35 | Top 5M | 2 awards |
| 9 | 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 | — |
| 10 | Financeit Point-of-sale consumer financing solution | $36M | 102 mo ago | 255 | Shawn Jeffrey Vice President | WordPressMySQLPHP+33 | Top 1M | — |
| 11 | PayBright Online marketplace for point-of-sale financing | $34M | 81 mo ago | 162 | — | DatoCMSApple iCloud MailMicrosoft 365+23 | Top 5M | — |
| 12 | 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 | — |
| 13 | 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 | — |
| 14 | Flexiti Credit cards for POS financing to consumers | $15M | 54 mo ago | 418 | — | TypeScriptIonicBootstrap+19 | Top 500k | — |
| 15 | RateHub Mortgage comparison platform | $12M | 101 mo ago | 180 | — | Node.jsSalesforceReact+27 | Top 500k | — |
| 16 | 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 | — |
| 17 | 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 |
| 18 | Bloom Online platform for home equity financing | $5M | 37 mo ago | 16 | Ben McCabe Founder & CEO | WebflowApple iCloud MailMicrosoft 365+24 | Top 5M | — |
| 19 | Moves Developer of an online loan platform for gig economy | $5M | 48 mo ago | 45 | — | WordPressMySQLPHP+14 | Top 5M | — |
| 20 | 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 | — |
| 21 | Homewise Provider of online mortgage brokerage services | $3M | 64 mo ago | 28 | Carlos Medeiros Cpa Co-Founder - COO | MUIEmotionReact+24 | Top 5M | 2 job openings · 1 partnership |
| 22 | 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 | — |
| 23 | Lending Loop Platform for online business loans | $2M | 106 mo ago | 9 | — | WebflowUnbounceAmazon Web Services+21 | Top 10M | — |
| 24 | 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 | — |
| 25 | 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 | — |
| 26 | Parachute Provider of a personal lending platform | $2M | 20 mo ago | 9 | Bruce Hodges Co-Founder | WebflowAdRoll CMP SystemPriority Hints+15 | Top 10M | — |
| 27 | 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 | — |
| 28 | 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 | — |
| 29 | TruDecision Provider of AI data analytics services | $511K | 89 mo ago | — | Daniel Parry Co-Founder | — | — | 1 partnership |
| 30 | Breezeful Provider of mortgage brokerage firm | $150K | 75 mo ago | 8 | Ade Labinjo Co-Founder | ReactReact RouterHeroku+10 | Top 5M | — |
Top 12 Alternative Lending companies in Toronto
#1
Public · Toronto, Ontario · founded 2016 · 259 employees$1.2Braised▾
Online platform for residential mortgages
- Sep 2025Post IPO$72.3M
- Jul 2021Series A—
- May 2021Series A$9M
- 2020Conventional Debt$1.1B
#2
Series B · Toronto, Ontario · founded 2018 · 54 employees$104.2Mraised▾
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.
- Nov 2025Series B—
- Aug 2024Conventional Debt$50M
- Dec 2021Series B$70M
- May 2021Series A$30M
#3
Series B · Toronto, Ontario · founded 2014 · 100 employees$65.5Mraised▾
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.
- Apr 2025Series B$25M
- Oct 2020Series B$50M
- Jun 2018Series A$9M
- Jun 2018Conventional Debt$25M
#4
Series A · Toronto, Ontario · founded 2022 · 10 employees$974.4Kraised▾
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.
- Mar 2026Series A$10.2M
- Jun 2024Seed$3M
- Feb 2023Seed$974.4K
- Jul 2022Seed—
#5
Series A · Toronto, Ontario · founded 2021 · 4 employees$6.7Mraised▾
Provider of operation management solutions for e-commerce brands. Its solutions include inventory management, advertising, finance payroll, and more.
- Aug 2025Series A$3.6M
- Feb 2023Series A$6.7M
- Feb 2023Conventional Debt—
- Sep 2022Seed—
#6
Clearco 🦄Series D · Toronto, Ontario · founded 2015 · 315 employees$905Mraised▾
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.
- Oct 2023Series D$60M
- Oct 2022Series C$230M
- Jul 2021Conventional Debt—
- Jul 2021Series C$215M
#7
Seed · Toronto, Ontario · founded 2019 · 9 employees$975.4Kraised▾
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.
- May 2025Seed$441.2K
- Apr 2025Seed$373.2K
- Apr 2025Seed$709.4K
- Apr 2025Seed$365.8K
#8
Funding Raised · Toronto, Ontario · founded 2018 · 13 employees$120.7Mraised▾
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.
- Sep 2023Conventional Debt$20M
- Apr 2022Conventional Debt$100.7M
#9
Series A · Toronto, Ontario · founded 2021 · 39 employees$28Mraised▾
Provider of auto financing solutions for buying electric vehicles. The platform enables users to take financing for buying electric vehicles and claims to achieve the climate goals.
- Nov 2023Series A$10M
- Nov 2022Conventional Debt$25M
- Jul 2022Seed$18M
- 2021Seed—
#10
Seed · Toronto, Ontario · founded 2023 · 8 employees$1.8Mraised▾
Provider of credit management platform for streamlined credit processes. This platform automates trade references, requests, and approvals, offering real-time tracking and centralized management. It also includes instant bank reference verification, fraud detection, and a customizable digital credit application system with e-signatures. The platform provides credit risk monitoring with alerts on various factors, enabling proactive risk management. The system facilitates efficient credit application processing, improving customer experience and reducing operational complexities.
- Sep 2024Seed$1.8M
#11
Seed · Toronto, Ontario · founded 2021 · 9 employees$1.5Mraised▾
Provider of a personal lending platform. It enables individuals to avail loans based on credit score, income, and other features. Its features include an online application, cash-back rewards, incentives, and financial guidance. It also offers a loan calculator.
- Oct 2024Seed$1.5M
#12
Acquired · Toronto, Ontario · founded 2018 · 66 employees$75Mraised▾
Provider of end to end online brokerage services for buying and selling residential properties
- Jul 2022Series B$28M
- Oct 2021Angel—
- Jul 2021Series B$35M
- Sep 2020Conventional Debt$74.7M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Alternative Lending coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising