Radar Companies Banking Tech · Canada
Radar · Banking Tech in Canada

Best Banking Tech Companies in Canada

The 202 best Banking Tech companies in Canada in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Trulioo.

202companies tracked
$2.1Bdisclosed funding
2unicorns
74have raised

Canada's Banking Tech sector has 202 tracked companies and $2.1B in disclosed funding, and if you're looking for where that capital actually concentrates, this directory ranks them by equity raised and recent momentum. Two unicorns have emerged from that pool. Neo Financial leads at $299M, and the gap to the next tier is steep: Relay sits at $52M, Fispan at $23M, Tenet at $21M, and Clip Money at $15M.

The global banking tech market sits at roughly $9.5B in 2025 and is forecast to reach $17.0B by 2035, a 13.7% CAGR that reflects how hard financial institutions are leaning on digital infrastructure to acquire clients and monetize data. Median app install growth of +23% YoY across nearly 953 banking apps signals the same thing from the consumer side. As shown in 2022 research, digital banking's growth flywheel depends heavily on trust, which partly explains why Canada's stringent data-privacy rules shape the competitive map here more than most markets. Blockchain and asset tokenization are the themes gaining traction right now, and I'd expect that to show up in the next funding cycle. BDC, Luge Capital, and Inovia Capital are the names writing the most checks.

FLIAR INTELLIGENCE · BANKING TECH × CANADA

Our analysis of 50 Banking Tech companies

$7.7b in tracked funding; 98% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.

50companies analysed
98%cloud-native stacks
2025funding peak (by rounds)
12unicorns
2016median founding year
560kcombined LinkedIn audience
40%of audience held by top 3
1companies hiring publicly (12 mo)

Ranked: Best Banking Tech companies in Canada

#CompanyDisclosed fundingLast roundEmployeesFoundedFounderTech stackMarket signals (1y)Patents & IP focusRecent signals
1Trulioo 🦄
Provider of online identity verification services for KYC, KYB, and AML
74AI top 20%Funding top 27%Product top 28%Market top 31%
All 12 signals ▾
AItop 20%
Fundingtop 27%
Producttop 28%
Markettop 31%
Moattop 32%
Innovationtop 37%
Techtop 37%
Patentstop 41%
Partnerstop 41%
Globaltop 42%
Newsbottom 46%
Growthbottom 32%
AI: Classified as an AI company
Funding: Raised $477M across 6 rounds · 6 rounds over 14 yrs (0.4/yr)
rank vs industry peers · Fliar Intelligence Index 74/100
$477M60 mo ago4122011WordPressMySQLPHP+184 signals ▼67%
New product · Leadership
5 patents
Privacy‑preserving data anonymization for fraud risk assessment in identity verification systems.
1 launch · 1 expansion
2Verafin
Provider of financial crime management solutions for fraud detection and compliance
53Growth top 26%Funding top 32%Talent top 34%Product top 37%
All 11 signals ▾
Growthtop 26%
Fundingtop 32%
Talenttop 34%
Producttop 37%
Moattop 41%
Techtop 44%
Innovationbottom 43%
Marketbottom 38%
Globalbottom 37%
Newsbottom 32%
Patentsbottom 29%
Growth: Headcount 16 → 32 (+100%) across vintages
Funding: Raised $449M across 3 rounds · 3 rounds over 17 yrs (0.2/yr)
rank vs industry peers · Fliar Intelligence Index 53/100
$449M80 mo ago322003Brendan Brothers
Co-Founder
WordPressApple iCloud MailMySQL+333 patents
Anti-fraud analytics for financial transaction monitoring and compliance
1 partnership
3Neo Financial 🦄
Provider of financial products and services including credit cards, accounts, and investment options
89Tech top 10%Funding top 13%Customers top 24%Moat top 26%
All 11 signals ▾
Techtop 10%
Fundingtop 13%
Customerstop 24%
Moattop 26%
Newstop 28%
Talenttop 28%
Markettop 33%
Producttop 43%
Growthtop 44%
AItop 45%
Globalbottom 37%
Tech: 64 technologies across 8/8 capability areas · Cloud: Amazon S3, Amazon Web Services
Funding: Raised $299M across 8 rounds · 8 rounds over 6 yrs (1.3/yr)
rank vs industry peers · Fliar Intelligence Index 89/100
$299M4 mo ago8072019Jeff Adamson
Co-Founder Head of Partnerships & CCO
SentryApple iCloud MailGoogle Workspace+329 signals
Funding · Announcements · Capital raise
4NorthOne
Digital bank for businesses
50Tech top 23%Moat top 31%Funding top 33%Talent top 34%
All 10 signals ▾
Techtop 23%
Moattop 31%
Fundingtop 33%
Talenttop 34%
Producttop 46%
Customerstop 47%
Globalbottom 48%
Marketbottom 42%
Growthbottom 35%
Newsbottom 27%
Tech: 54 technologies across 6/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3
Moat: Editorial + unicorn rating 8/10 · Soonicorn
rank vs industry peers · Fliar Intelligence Index 50/100
$90M44 mo ago622016Justin Adler
Co-Founder
WebflowProton MailApple iCloud Mail+37
5Dealnet Capital
Loan life cycle management software for consumer loans
$82M80 mo ago2881986
6SecureKey
Cloud-based identity verification solutions
$71M79 mo ago116200862 patents
Secure authentication and credential management for devices and networks
7Borrowell
Provider of a credit monitoring and financial products comparison platform
$54M63 mo ago1092014Eva Wong
Co-Founder & Chief Operating Officer
HashnodeContentfulApple iCloud Mail+29
8Relay
Digital business banking platform that helps small businesses manage cash flow with multi-account structures
82Tech top 19%Funding top 26%Customers top 31%Moat top 31%
All 11 signals ▾
Techtop 19%
Fundingtop 26%
Customerstop 31%
Moattop 31%
Growthtop 35%
Talenttop 38%
Producttop 40%
Markettop 45%
AItop 45%
Globalbottom 46%
Newsbottom 22%
Tech: 66 technologies across 7/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3
Funding: Raised $51.6M across 4 rounds · 4 rounds over 6 yrs (0.7/yr)
rank vs industry peers · Fliar Intelligence Index 82/100
$52M1 mo ago1282018Paul Klicnik
Co-Founder & VP Engineering
ContentfulTurbopackApple iCloud Mail+38
9Flybits
Banking channel for enterprises
$50M83 mo ago792013Mark Reeves
Managing Director
WordPressApple iCloud MailGoogle Workspace+3248 patents
Contextual open‑banking APIs for AR/VR and real‑time social data platforms
2 partnerships
10Owl Technologies
KYC solutions for banks and insurance companies
$40M55 mo ago892018Sean Merat
Co-Founder & CEO
Apple iCloud MailGoogle WorkspaceNode.js+252 awards
11Instant
On-demand payment solutions for businesses and individuals
$39M35 mo ago482015WordPressApple iCloud MailGoogle Workspace+371 award
12Tier1
Customer relationship management software for financial institutions
$34M53 mo ago1622008SalesforceMicrosoft ASP.NETBootstrap+19
13Flinks
Open banking API solutions for financial institutions
$33M57 mo ago1492016Yves-Gabriel Leboeuf
Co-founder & Advisor to the CEO
WebflowSentryApple iCloud Mail+291 partnership
14Zafin
Banking software solutions to the financial services industry
$32M88 mo ago512002Charbel Safadi
Chief Executive Officer
WordPressApple iCloud MailMicrosoft 365+312 launchs
15Coconut Software
Provider of software for appointment scheduling and branch workforce management
$31M56 mo ago1782007Romeo Iula
Co-Founder & CTO
WordPress Block EditorElementorWordPress+402 launchs
16Fispan
Provider of banking integration platform for ERP and accounting software
42Tech top 34%Growth top 35%Funding top 37%Moat top 41%
All 10 signals ▾
Techtop 34%
Growthtop 35%
Fundingtop 37%
Moattop 41%
Talentbottom 49%
Marketbottom 44%
Patentsbottom 39%
Globalbottom 36%
Innovationbottom 23%
Newsbottom 17%
Tech: 57 technologies across 5/8 capability areas · Cloud: Cloudflare
Growth: Fresh capital in last 24 mo
rank vs industry peers · Fliar Intelligence Index 42/100
$23M12 mo ago1012016Lisa Shields
Founder & CEO
WordPress Block EditorElementorWordPress+392 patents
Browser extension communication protocols and integration platforms
1 launch
17NexJ
Customer management solution for financial industries
$22M181 mo ago1002003
18Tenet
Platform offers software for credit risk management
53Funding top 35%Growth top 35%Product top 35%News top 40%
All 9 signals ▾
Fundingtop 35%
Growthtop 35%
Producttop 35%
Newstop 40%
Innovationtop 45%
AItop 45%
Marketbottom 42%
Techbottom 41%
Globalbottom 29%
Funding: Raised $21.3M across 7 rounds · 7 rounds over 4 yrs (1.8/yr)
Growth: Fresh capital in last 24 mo
rank vs industry peers · Fliar Intelligence Index 53/100
$21M15 mo ago1482008WebflowHubSpot CMS HubHubSpot+133 signals ▲50%
Earnings
19Buckzy
Cross border money transfer service provider
$16M42 mo ago622018Abdul Naushad
President & CEO
20ProNavigator
AI-based insurance chatbot for brokers
$16M45 mo ago382016Joseph D'Souza
Founder & CEO
21Clip Money
Provider of alternative cash deposit solutions
32Product top 28%Funding top 34%Moat top 45%Growth top 47%
All 11 signals ▾
Producttop 28%
Fundingtop 34%
Moattop 45%
Growthtop 47%
Techtop 49%
Patentsbottom 49%
Talentbottom 49%
Innovationbottom 48%
Newsbottom 47%
Globalbottom 37%
Marketbottom 25%
Product: 1 published app (1.0k installs) · Company stage: Public
Funding: Raised $15.0M across 5 rounds · 5 rounds over 4 yrs (1.2/yr)
rank vs industry peers · Fliar Intelligence Index 32/100
$15M11 mo ago212018Joseph Arrage
Co-Founder
Framer SitesReactAmazon Web Services+173 signals ▼25%
Funding · Earnings
3 patents
Cash deposit processing systems for fintech platforms
22Finn
AI based virtual assistant for banking and financial services
$14M91 mo ago432014
23FINCAD
Financial analytics and risk management software provider
$12M86 mo ago1061990Mark D’Arcy
President & CEO
24RateHub
Mortgage comparison platform
$12M101 mo ago1802010Node.jsSalesforceReact+27
25Layer2 Financial
Platform offering crypto banking-as-a-service
$10M26 mo ago142021Tarun Mistry
Co-Founder
Apple iCloud MailRubyRuby on Rails+11
26Quandri
Provider of AI-driven platform that automates insurance renewals and provides insights
60News top 27%Growth top 30%AI top 30%Partners top 32%
All 12 signals ▾
Newstop 27%
Growthtop 30%
AItop 30%
Partnerstop 32%
Innovationtop 36%
Fundingtop 38%
Producttop 38%
Talenttop 38%
Techbottom 48%
Moatbottom 38%
Globalbottom 36%
Marketbottom 28%
News: 7 BI events in 12 mo (of 15 tracked, 5 types) · +40% YoY
Growth: Fresh capital in last 24 mo
rank vs industry peers · Fliar Intelligence Index 60/100
$10M11 mo ago222021Jamieson Fregeau
Co-Founder
WebflowApple iCloud MailGoogle Workspace+227 signals ▲40%
Funding · New product · Capital raise
1 launch · 1 award
27Ario
Banking as a service platform
$10M91 mo ago212018
28QuIC Financial Technologies
Risk management and analytics suite
$10M245 mo ago1051998Nigel Cairns
ex-CEO
29Covarity
commercial loan monitoring
$8M188 mo ago112001
30Mobi724
Payment processing solution provider to the financial sector
$8M42 mo ago352012M Vienneau
Chief Executive Officer
4 patents
Mobile digital coupon processing and payment gateway integration for e‑commerce transactions.
31Loop Financial
Provider of multi-currency business banking solutions.
48Tech top 29%Growth top 35%Funding top 45%Talent bottom 49%
All 7 signals ▾
Techtop 29%
Growthtop 35%
Fundingtop 45%
Talentbottom 49%
Productbottom 48%
Globalbottom 37%
Marketbottom 34%
Tech: 45 technologies across 5/8 capability areas · Cloud: Amazon Web Services, Cloudflare
Growth: Fresh capital in last 24 mo
rank vs industry peers · Fliar Intelligence Index 48/100
$8M13 mo agoCato Pastoll
Co-Founder & CEO
WebflowEmotionTypekit+24
32Finaeo
Cloud based platform offering insurance solutions
$6M73 mo ago212016Aly Dhalla
CEO / Co-Founder
33Uplinq
Provider of API-based credit risk signals for banks and credit institutions
$5M40 mo ago162021Ron Benegbi
Co-Founder & CEO
WordPressMySQLPHP+221 award
34TODAQ
Open banking API solutions for micropayments
$5M80 mo ago122017Toufi Saliba
Co-Founder
1 launch · 1 partnership
35Senso
Customer engagement and retention platform
$5M24 mo ago182016Node.jsThree.jsTailwind CSS+123 patents
Predictive analytics for business decision support using self-adaptive learning
36SAVVYY
Software for loan life cycle management
$5M55 mo ago392017
37MyFO-Tech
Personal finance management solutions for banks
$4M20 mo ago92019Simran Kang
Co-Founder & CEO
1 award
38Vault
Digital banking platform for businesses
$4M37 mo ago82021Saud Aziz
Co-Founder
39VeriFast
Platform offering identity verification and authentication services
$4M44 mo ago202019Chad Guziewicz
Co-Founder
WebflowBootstrapAmazon Web Services+2410 patents
Enterprise identity management and data integrity verification platforms
40Private AI
Developer of PII identification, de-identification, and data anonymization software
$3M43 mo ago312019Patricia Thaine
Co-Founder and CEO
WordPressMySQLPHP+44
41Wingocard
Digital bank for teens
$3M61 mo ago222019
42Impact Analytics
AI based financial risk management solutions for businesses
$3M27 mo ago2023Eric Entz
CEO
43PitchPoint Solutions
Credit risk solutions for lenders
$3M63 mo ago202003Stephen Schrump
CEO & President
Node.jsZohoTailwind CSS+10
44Hardbacon
App-based financial product comparison platform for individuals
$2M48 mo ago522016WordPressMySQLPHP+20
45Fintel Connect
Provider of performance marketing services
$2M27 mo ago372018Nicky Senyard
Founder & CEO
WordPressApple iCloud MailMicrosoft 365+281 partnership
46Advantage Platforms
AI-based loan origination software
$1M34 mo ago2018Richard Paterson
Founder & CEO
47Chexy
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
$974K2 mo ago102022Ben Gigone
Co-Founder & CTO
TurbopackApple iCloud MailGoogle Workspace+23
48INETCO
Developer of software for payment fraud prevention and cybersecurity solutions
62Product top 18%AI top 20%Innovation top 23%Talent top 31%
All 9 signals ▾
Producttop 18%
AItop 20%
Innovationtop 23%
Talenttop 31%
Newstop 45%
Fundingtop 48%
Techtop 50%
Marketbottom 34%
Globalbottom 29%
Product: 4 distinct product lines
AI: Classified as an AI company
rank vs industry peers · Fliar Intelligence Index 62/100
$400K16 mo ago371984Ugan Naidoo
Co-Founder & CTO
WordPressMySQLPHP+232 awards
49FutureVault
Document management solution
$345K15 mo ago332013WordPressMySQLPHP+3640 patents
AI-powered enterprise document management: automated filing, real‑time filtering, sharing, and permission hierarchies.
1 award

Top 12 Banking Tech companies in Canada

#1
Series D · Calgary, Alberta · founded 2019 · 807 employees
$299Mraised

Provider of financial products and services including credit cards, accounts, and investment options. It offers various credit card options with cashback rewards. Account services include everyday accounts and high-interest savings accounts. Investment options are also available through expertly managed portfolios. It also offers customized financial and loyalty solutions for businesses and brands. This platform enables organizations to enhance customer engagement through integrated rewards programs leveraging a robust cashback network. It also provides financial services and education for teenagers by offering financial tools, including a spending card with cashback rewards and a high-interest savings account, designed to help young individuals manage their money effectively. Its app is available across Android and iOS platforms.

Fliar Intelligence Index™ 89how this company ranks against its industry peers
Tech
top 10%
Funding
top 13%
Customers
top 24%
Moat
top 26%
News
top 28%
Talent
top 28%
Tech: 64 technologies across 8/8 capability areas · Cloud: Amazon S3, Amazon Web Services · Devops: Envoy
Funding: Raised $299M across 8 rounds · 8 rounds over 6 yrs (1.3/yr) · Last round Series D (Feb 2026)
Customers: Play-Store rating 4.43★ across 18,448 ratings (1 apps)
Audience (LinkedIn): 119k LinkedIn followers — 21.3% of this cohort's audience · 84 engagements/post (1.8× cohort median)
Funding rounds
  • Feb 2026Series D$50.2M
  • Nov 2024Series D$78.9M
  • Nov 2024Conventional Debt$179.3M
  • May 2022Series C$144.5M
Founders & team
Jeff AdamsonCo-Founder Head of Partnerships & CCOChris SimairCOO & Co-FounderAndrew ChauCo-Founder & CEO
Investors
Valar Ventures, Golden Ventures, Afore Capital, Thomvest Ventures, Altos Ventures Management, Inovia Capital
Tech stack
Amazon S3Amazon Web ServicesAmplitudeApple Icloud MailCloudflareCloudflare Bot Management
#2
Series C · Toronto, Ontario · founded 2018 · 128 employees
$51.6Mraised

Digital business banking platform that helps small businesses manage cash flow with multi-account structures. It lets businesses create multiple checking and savings accounts to organize cash flows by purpose—such as payroll, taxes, income, and operating expenses—giving owners clearer visibility and control over spending. It includes tools for issuing debit and credit cards, setting spending limits, automating expense categorization, managing payables and receivables, and integrating with accounting systems. It also offers savings features and cash management workflows intended to help businesses build reserves and improve financial discipline.

Fliar Intelligence Index™ 82how this company ranks against its industry peers
Tech
top 19%
Funding
top 26%
Customers
top 31%
Moat
top 31%
Growth
top 35%
Talent
top 38%
Tech: 66 technologies across 7/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 · Devops: Envoy
Funding: Raised $51.6M across 4 rounds · 4 rounds over 6 yrs (0.7/yr) · Last round Series C (May 2026)
Customers: Play-Store rating 4.50★ across 1,178 ratings (1 apps) · Review volume +41% in 6 mo · Marquee-customer mentions: top 30% of tracked companies
Audience (LinkedIn): 20k LinkedIn followers — 3.6% of this cohort's audience
Funding rounds
  • May 2026Series C$50M
  • Feb 2024Series B$32.2M
  • May 2021Series A$15M
  • Oct 2020Series A$4.4M
Founders & team
Paul KlicnikCo-Founder & VP EngineeringYoseph WestCo-Founder & CEO
Investors
Bain Capital Ventures, Better Tomorrow Ventures, Tribe Capital, Garage Capital, Panache Ventures, Amaranthine
Tech stack
Alpine.JsAmazon CloudfrontAmazon Web ServicesApple Icloud MailAppnexusBootstrap
#3
Public · Toronto, Ontario · founded 2018 · 21 employees
$15Mraised

Provider of alternative cash deposit solutions. It enables consumers to deposit cash in their respective bank accounts at gas stations, grocery stores, convenience stores, partnered merchant outlets, and more. It also provides solutions to merchants for adding cash banking in stores. It offers an app-based platform for finding the cash deposit outlet. The app is available on iOS stores.

Fliar Intelligence Index™ 32how this company ranks against its industry peers
Product
top 28%
Funding
top 34%
Moat
top 45%
Growth
top 47%
Tech
top 49%
Patents
bottom 49%
Product: 1 published app (1.0k installs) · Company stage: Public
Funding: Raised $15.0M across 5 rounds · 5 rounds over 4 yrs (1.2/yr) · Last round Post IPO (Jul 2025)
Moat: Editorial + unicorn rating 4/10 · IP moat: 3 patents
Audience (LinkedIn): 3k LinkedIn followers
Funding rounds
  • Jul 2025Post IPO$3M
  • Sep 2024Post IPO$2.8M
  • Sep 2023Post IPO$4.9M
  • Feb 2023Post IPO$2.8M
Founders & team
Joseph ArrageCo-Founder
Investors
NCR, PeoplesBank, Cardtronics, Glory Global Solutions, Park Partners
Tech stack
Amazon CloudfrontAmazon Web ServicesCloudflareCloudflare Bot ManagementCore-JsFramer Sites
#4
Series B · Vancouver, British Columbia · founded 2016 · 101 employees
$23Mraised

Provider of banking integration platform for ERP and accounting software. The platform streamlines accounts payable workflows, vendor payments, and employee reimbursements. It also offers cash management, reporting, and automated bank feeds. The solution integrates banking portals into ERP and accounting systems. It facilitates balance and transaction viewing, and enables book transfers.

Fliar Intelligence Index™ 42how this company ranks against its industry peers
Tech
top 34%
Growth
top 35%
Funding
top 37%
Moat
top 41%
Talent
bottom 49%
Market
bottom 44%
Tech: 57 technologies across 5/8 capability areas · Cloud: Cloudflare · Devops: Nginx
Growth: Fresh capital in last 24 mo
Funding: Raised $23.0M across 3 rounds · 3 rounds over 8 yrs (0.4/yr) · Last round Series B (Jun 2025)
Audience (LinkedIn): 7k LinkedIn followers
Activity (LinkedIn): 1 product launches announced in 12 mo
Funding rounds
  • Jun 2025Series B$30M
  • Jan 2021Series B$19M
  • Nov 2020Series A
  • Dec 2018Series A$4M
Founders & team
Lisa ShieldsFounder & CEO
Investors
BDC, FINTOP, Panache Ventures, VFF, Rhino Ventures, Mastercard
Tech stack
AddtoanyAddtoany Share ButtonsAnimate.CssApple Icloud MailAtlassian StatuspageBootstrap
#5
Public · Toronto, Ontario · founded 2008 · 148 employees
$21.3Mraised

Platform offers software for credit risk management. It offers a solution that enables banks and financial institutions to manage business credit risks by connecting with SMEs, brokers, and data providers. It uses artificial intelligence and analytics to qualify borrowers based on their financial profiles.

Fliar Intelligence Index™ 53how this company ranks against its industry peers
Funding
top 35%
Growth
top 35%
Product
top 35%
News
top 40%
Innovation
top 45%
AI
top 45%
Funding: Raised $21.3M across 7 rounds · 7 rounds over 4 yrs (1.8/yr) · Last round Post IPO (Mar 2025)
Growth: Fresh capital in last 24 mo
Product: 0 product launch events in 12 mo, 2 the year before · Company stage: Public
Audience (LinkedIn): 1k LinkedIn followers
Funding rounds
  • Mar 2025Post IPO$2.5M
  • Dec 2023Post IPO$3.4M
  • Jun 2023Post IPO$500K
  • Jun 2023Post IPO$223.6K
Investors
ThreeD Capital
Tech stack
Apache Http ServerCloudflareCloudflare Bot ManagementCore-JsFlickityGodaddy
#6
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.

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
Ben GigoneCo-Founder & CTOLizaveta AkhvledzianiCo-Founder & CEO
Investors
Antler, Venrex, Crossbeam, GroundBreak Ventures, Ferst Capital Partners, Khosla Ventures
Tech stack
Apple Icloud MailApple Sign-InBranchClerkCloudflareCloudflare Bot Management
#7
Series A · Vancouver, British Columbia · founded 2021 · 22 employees
$10Mraised

Provider of AI-driven platform that automates insurance renewals and provides insights. The platform helps brokerages automate repetitive tasks, increase productivity, and drive higher retention rates. It unlocks insights from personal lines renewal policy data. The platform offers renewal reviews, policy requoting, and connectivity solutions.

Fliar Intelligence Index™ 60how this company ranks against its industry peers
News
top 27%
Growth
top 30%
AI
top 30%
Partners
top 32%
Innovation
top 36%
Funding
top 38%
News: 7 BI events in 12 mo (of 15 tracked, 5 types) · +40% YoY · 5 high-value events (IPO/M&A/funding/contracts) in 12 mo
Growth: Fresh capital in last 24 mo
AI: Classified as an AI company · Product described with: ai-driven
Audience (LinkedIn): 9k LinkedIn followers
Activity (LinkedIn): 1 product launches · 1 awards announced in 12 mo
Funding rounds
  • Jul 2025Series A$12M
  • Jun 2023Series A$8.5M
  • Oct 2022Seed$1.5M
Founders & team
Jamieson FregeauCo-FounderJackson FregeauCo-Founder & CEO
Investors
Aviso, Good News Ventures, N49P, FUSE, Defined, Aviso Ventures
Tech stack
Amazon S3Amazon Web ServicesApple Icloud MailCloudflareCloudflare Bot ManagementCore-Js
#8
Series A · Toronto, Ontario
$7.7Mraised

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Fliar Intelligence Index™ 48how this company ranks against its industry peers
Tech
top 29%
Growth
top 35%
Funding
top 45%
Talent
bottom 49%
Product
bottom 48%
Global
bottom 37%
Tech: 45 technologies across 5/8 capability areas · Cloud: Amazon Web Services, Cloudflare · Observability: Microsoft Clarity, Sentry
Growth: Fresh capital in last 24 mo
Funding: Raised $7.7M · 2 rounds over 4 yrs (0.5/yr) · Last round Series A (May 2025)
Audience (LinkedIn): 7k LinkedIn followers
Founders & team
Cato PastollCo-Founder & CEO
Investors
Mistral, Luge Capital, Graphite Ventures, Wedbush Ventures, Conconi Growth Partners, Archangel Network
Tech stack
Amazon Web ServicesCalendlyCloudflareCloudflare Bot ManagementCore-JsEmotion
#9
Trulioo 🦄
Series D · Vancouver, British Columbia · founded 2011 · 412 employees
$477.2Mraised

Provider of online identity verification services for KYC, KYB, and AML. The company offers a platform to customize workflows with person and business verification capabilities. It helps to achieve compliance and prevent fraud. The platform delivers integration through a single token and endpoint, giving access to verification services.

Fliar Intelligence Index™ 74how this company ranks against its industry peers
AI
top 20%
Funding
top 27%
Product
top 28%
Market
top 31%
Moat
top 32%
Innovation
top 37%
AI: Classified as an AI company
Funding: Raised $477M across 6 rounds · 6 rounds over 14 yrs (0.4/yr) · Last round Series D (Jun 2021)
Product: 3 product launch events in 12 mo · 7 distinct product lines · Company stage: Series D
Audience (LinkedIn): 44k LinkedIn followers — 7.8% of this cohort's audience
Activity (LinkedIn): 1 product launches · 1 expansions announced in 12 mo
Funding rounds
  • Jun 2021Series D$394M
  • Sep 2019Series C$52.9M
  • 2018Series B$7.3M
  • Dec 2015Series B$15M
Investors
BDC, Blumberg Capital, Eureka, American Express Ventures, Citi Ventures, Mouro Capital
Tech stack
Alpine.JsAmazon CloudfrontAmazon S3Amazon Web ServicesAtlassian StatuspageCloudflare
#10
Seed · Vancouver, British Columbia · founded 2019 · 9 employees
$4Mraised

Personal finance management solutions for banks. It enables banks to provides cloud-based financial management tools for private banking and single-family office. It features consolidated reporting, family office information repository, insights on transactions, and more.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 3k LinkedIn followers
Activity: 1 awards announced in 12 mo
Funding rounds
  • Oct 2024Seed$3.5M
  • Jun 2024Seed$250K
  • Apr 2023Seed$100K
  • Jun 2022Seed$100K
Founders & team
Simran KangCo-Founder & CEO
Investors
Rhino Ventures, Tiny, UMANA House of Funds, DuContra Ventures, The51, GetFresh Ventures
#11
Acquired · St John s, Newfoundland And Labrador · founded 2003 · 32 employees
$448.6Mraised

Provider of financial crime management solutions for fraud detection and compliance. The company offers tools for anti-money laundering, high-risk customer management, and sanctions screening. It facilitates information sharing and provides resources such as blogs, events, and webinars. The company delivers solutions for fraud detection related to payments, checks, wires, ACH, and online account takeover. It also offers BSA compliance and process automation, including CDD/EDD, CTRs, SARs, and case management.

Fliar Intelligence Index™ 53how this company ranks against its industry peers
Growth
top 26%
Funding
top 32%
Talent
top 34%
Product
top 37%
Moat
top 41%
Tech
top 44%
Growth: Headcount 16 → 32 (+100%) across vintages
Funding: Raised $449M across 3 rounds · 3 rounds over 17 yrs (0.2/yr) · Last round Series D (Sep 2019)
Talent: Analyst team rating 4/5 · 2 named leaders on record · 2 C-suite/founder profiles curated
Audience (LinkedIn): 35k LinkedIn followers — 6.2% of this cohort's audience
Activity (LinkedIn): 1 partnerships (incl. Nasdaq Verafin) announced in 12 mo
Funding rounds
  • Sep 2019Series D$388.6M
  • Sep 2019Conventional Debt
  • May 2014Series B$55M
  • Sep 2009Series A$5M
Founders & team
Brendan BrothersCo-FounderRaymond PrettyCo-Founder & CTO
Investors
RBC, Spectrum Equity, Information Venture Partners, Northleaf, BDC, Teralys Capital
Tech stack
Amazon Web ServicesAnimate.CssApple Icloud MailBackbone.JsBootstrapCloudflare
#12
Series B · Vancouver, British Columbia · founded 2015 · 48 employees
$39.1Mraised

On-demand payment solutions for businesses and individuals. It features solutions for claim instant pay offers, real-time balance checks, requests for payment, tips management, payment cards, mileage tracking, and more. It offers products to help businesses offer their employees financial freedom, including Instant Pay, Instant Miles, and Instant Card.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 10k LinkedIn followers
Activity: 1 awards announced in 12 mo
Funding rounds
  • Jul 2023Series B$12.7M
  • Jul 2021Series A
  • Oct 2019Series A$11.9M
  • Apr 2018Series A$11.4M
Investors
TTV Capital, ITC Holdings, InComm, ITC Capital Partners, Kinetic Ventures, Real Ventures
Tech stack
6SenseAll In One SeoAmazon S3Amazon Web ServicesAnimate.CssApple Icloud Mail

Funding & investor landscape

$2.1Btotal disclosed funding
66companies funded
202disclosed rounds
2rounds last 90 days
Most active investors
BDC10 rounds
Luge Capital8 rounds
MaRS Discovery District8 rounds
Conconi Growth Partners6 rounds
Inovia Capital6 rounds
Techstars6 rounds
DMZ Ventures5 rounds
Panache Ventures5 rounds
Canadian Imperial Bank of Commerce4 rounds
N49P4 rounds

Notable founders

Jeff Adamson
Co-Founder Head of Partnerships & CCO · Neo Financial
Chris Simair
COO & Co-Founder · Neo Financial
Paul Klicnik
Co-Founder & VP Engineering · Relay
Yoseph West
Co-Founder & CEO · Relay
Joseph Arrage
Co-Founder · Clip Money
Lisa Shields
Founder & CEO · Fispan
Ben Gigone
Co-Founder & CTO · Chexy
Lizaveta Akhvledziani
Co-Founder & CEO · Chexy
Jamieson Fregeau
Co-Founder · Quandri
Jackson Fregeau
Co-Founder & CEO · Quandri
Cato Pastoll
Co-Founder & CEO · Loop Financial
Simran Kang
Co-Founder & CEO · MyFO-Tech
RESEARCH SIGNALS · Canada

How research on Fintech is moving in Canada

A read on the academic research around Fintech — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 84 Canada-affiliated papers.

top research entities
  • Western University6
  • University of Toronto5
  • Kellogg's4
  • University Canada West4
  • University of Manitoba4
leading researchers
Chimwemwe Chipeta · Moses M. Muthinja · Ryan Clements · Emmanuel Odeyemi · Chen Liu · Hamed Taherdoost · Ke, Xiong · Li, Lin
Breakthroughs8 · 10%
▲ 0%→15% share
0 median citations100% since 2021mostly methods-led
Interpretability research is rising sharply — climbing to 15% field-share among Canadian fintech breakthroughs across 84 papers.
rising sub-themes (early→recent)
  • Interpretability3
  • Reinforcement learning2
  • Credit risk2
  • Adaptability2
  • Risk management2
Landmark Does sustainability matter for Fintech firms? Evidence from United States firms · 40 cites
Advancements30 · 36%
▲ 0%→41% share
0 median citations83% since 2021mostly empirical
Financial services dominates advancements — 19 rising papers plus 15 brand-new entries driving segment to 41% field-share.
rising sub-themes (early→recent)
  • Financial services19
  • Blockchain5
  • Investment (military)5
  • Financial inclusion4
  • Smart contract4
Newly emergingFinancial services 0→15 · Investment (military) 0→5
Landmark Blockchain: a catalyst in fintech future revolution · 14 cites
Concerns28 · 33%
▲ 0%→37% share
0 median citations75% since 2021mostly empirical
Financial services concerns intensified from 2 to 13 papers, with Financial inclusion and Payment newly emerging as fresh risk areas.
rising sub-themes (early→recent)
  • Financial services2→13
Newly emergingFinancial inclusion 0→8 · Payment 0→6
Landmark Banking on refugees: Racialized expropriation in the fintech era · 109 cites
RESEARCH HOTSPOTS · Canada

Where fintech is researched across Canada

Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.

Toronto7 · +0.17
Opportunity · Financial services
PATENT SIGNAL · Canada

Who's filing fintech patents in Canada

Canada fintech patent filing is accelerating — 10 filings from 3 assignees (2018–2025), led by Flybits, Stack Fintech, Royal BANK Of Canada; annual filings 2→3.

10 filings3 assigneespeak 3/yr2018–2025
filing momentum (YoY 2018–2025)
top patent filers
  • Flybits5
  • Stack Fintech4
  • Royal BANK Of Canada2

Common questions

How many Banking Tech companies are there in Canada?
Radar tracks 202 indexable Banking Tech companies headquartered in Canada that meet our profile-completeness bar.
What is the total funding raised by Banking Tech companies in Canada?
The Banking Tech companies in Canada on this list have raised a combined $2.1B in disclosed equity funding across 66 funded companies.
Which is the highest-funded Banking Tech company in Canada?
Trulioo is the highest-funded Banking Tech company in Canada, with $477.2M in disclosed equity funding.
How many Banking Tech companies in Canada are funded?
66 of the 202 Banking Tech companies in Canada on this list have disclosed at least one equity funding round.
How many Banking Tech unicorns are there in Canada?
2 Banking Tech companies in Canada on this list are valued at $1B or more.
Who are the top investors in Canada Banking Tech companies?
The most active investors in Canada Banking Tech companies on this list include BDC, Luge Capital, MaRS Discovery District, Conconi Growth Partners, Inovia Capital.
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.

Coming soon