Best Banking Tech Companies in Toronto, Canada
The 87 best Banking Tech companies in Toronto, Canada in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: NorthOne.
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.
Ranked: Best Banking Tech companies in Toronto
| # | Company | Disclosed funding | Last round | Employees | Founded | Founder | Tech stack | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | NorthOne 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 | $90M | 44 mo ago | 62 | 2016 | Justin Adler Co-Founder | WebflowProton MailApple iCloud Mail+37 | — | — |
| 2 | Dealnet Capital Loan life cycle management software for consumer loans | $82M | 80 mo ago | 288 | 1986 | — | — | — | — |
| 3 | SecureKey Cloud-based identity verification solutions | $71M | 79 mo ago | 116 | 2008 | — | — | 62 patents Secure authentication and credential management for devices and networks | — |
| 4 | Borrowell Provider of a credit monitoring and financial products comparison platform | $54M | 63 mo ago | 109 | 2014 | Eva Wong Co-Founder & Chief Operating Officer | HashnodeContentfulApple iCloud Mail+29 | — | — |
| 5 | Relay 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 | $52M | 1 mo ago | 128 | 2018 | Paul Klicnik Co-Founder & VP Engineering | ContentfulTurbopackApple iCloud Mail+38 | — | — |
| 6 | Flybits Banking channel for enterprises | $50M | 83 mo ago | 79 | 2013 | Mark Reeves Managing Director | WordPressApple iCloud MailGoogle Workspace+32 | 48 patents Contextual open‑banking APIs for AR/VR and real‑time social data platforms | — |
| 7 | Tier1 Customer relationship management software for financial institutions | $34M | 53 mo ago | 162 | 2008 | — | SalesforceMicrosoft ASP.NETBootstrap+19 | — | — |
| 8 | Zafin Banking software solutions to the financial services industry | $32M | 88 mo ago | 51 | 2002 | Charbel Safadi Chief Executive Officer | WordPressApple iCloud MailMicrosoft 365+31 | — | 2 launchs |
| 9 | NexJ Customer management solution for financial industries | $22M | 181 mo ago | 100 | 2003 | — | — | — | — |
| 10 | Tenet 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 | $21M | 15 mo ago | 148 | 2008 | — | WebflowHubSpot CMS HubHubSpot+13 | — | — |
| 11 | Buckzy Cross border money transfer service provider | $16M | 42 mo ago | 62 | 2018 | Abdul Naushad President & CEO | — | — | — |
| 12 | Clip 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 | $15M | 11 mo ago | 21 | 2018 | Joseph Arrage Co-Founder | Framer SitesReactAmazon Web Services+17 | 3 patents Automated cash deposit systems for financial transaction processing | — |
| 13 | RateHub Mortgage comparison platform | $12M | 101 mo ago | 180 | 2010 | — | Node.jsSalesforceReact+27 | — | — |
| 14 | Layer2 Financial Platform offering crypto banking-as-a-service | $10M | 26 mo ago | 14 | 2021 | Tarun Mistry Co-Founder | Apple iCloud MailRubyRuby on Rails+11 | — | — |
| 15 | Loop 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 | $8M | 13 mo ago | — | — | Cato Pastoll Co-Founder & CEO | WebflowEmotionTypekit+24 | — | — |
| 16 | Finaeo Cloud based platform offering insurance solutions | $6M | 73 mo ago | 21 | 2016 | Aly Dhalla CEO / Co-Founder | — | — | — |
| 17 | Uplinq Provider of API-based credit risk signals for banks and credit institutions | $5M | 40 mo ago | 16 | 2021 | Ron Benegbi Co-Founder & CEO | WordPressMySQLPHP+22 | — | 1 award |
| 18 | TODAQ Open banking API solutions for micropayments | $5M | 80 mo ago | 12 | 2017 | Toufi Saliba Co-Founder | — | — | 1 launch |
| 19 | Senso Customer engagement and retention platform | $5M | 24 mo ago | 18 | 2016 | — | Node.jsThree.jsTailwind CSS+12 | 3 patents Predictive analytics for business decision support using self-adaptive learning | — |
| 20 | SAVVYY Software for loan life cycle management | $5M | 55 mo ago | 39 | 2017 | — | — | — | — |
| 21 | VeriFast Platform offering identity verification and authentication services | $4M | 44 mo ago | 20 | 2019 | Chad Guziewicz Co-Founder | WebflowBootstrapAmazon Web Services+24 | 10 patents Enterprise identity management and data integrity verification platforms | — |
| 22 | Private AI Developer of PII identification, de-identification, and data anonymization software | $3M | 43 mo ago | 31 | 2019 | Patricia Thaine Co-Founder and CEO | WordPressMySQLPHP+44 | — | — |
| 23 | PitchPoint Solutions Credit risk solutions for lenders | $3M | 63 mo ago | 20 | 2003 | Stephen Schrump CEO & President | Node.jsZohoTailwind CSS+10 | — | — |
| 24 | Clik Provider of AI-enabled platform for underwriting of real estate deals | $2M | 68 mo ago | 33 | 2017 | Prerit Gautam Founder & COO | Apple iCloud MailMicrosoft 365Node.js+27 | — | — |
| 25 | Doorr Brokerage management software | $2M | 73 mo ago | 20 | 2018 | Muhammad Rashid Co-Founder & CEO | — | — | — |
| 26 | Advantage Platforms AI-based loan origination software | $1M | 34 mo ago | — | 2018 | Richard Paterson Founder & CEO | — | — | — |
| 27 | Every Digital bank for businesses | $1M | 96 mo ago | 7 | 2017 | — | — | — | — |
| 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 | 2022 | Ben Gigone Co-Founder & CTO | TurbopackApple iCloud MailGoogle Workspace+23 | — | — |
| 29 | TruDecision Provider of AI data analytics services | $511K | 89 mo ago | — | 2017 | Daniel Parry Co-Founder | — | — | 1 partnership |
| 30 | FutureVault Document management solution | $345K | 15 mo ago | 33 | 2013 | — | WordPressMySQLPHP+36 | 40 patents AI-powered enterprise document management: automated filing, real‑time filtering, sharing, and permission hierarchies. | 1 award |
| 31 | Distributed ID Open banking API for sharing payment & identity data | $120K | 96 mo ago | 1 | 2016 | Merrick Read Co-Founder & CEO | — | — | — |
Top 12 Banking Tech companies in Toronto
#1
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.
- May 2026Series C$50M
- Feb 2024Series B$32.2M
- May 2021Series A$15M
- Oct 2020Series A$4.4M
#2
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.
- Jul 2025Post IPO$3M
- Sep 2024Post IPO$2.8M
- Sep 2023Post IPO$4.9M
- Feb 2023Post IPO$2.8M
#3
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.
- Mar 2025Post IPO$2.5M
- Dec 2023Post IPO$3.4M
- Jun 2023Post IPO$500K
- Jun 2023Post IPO$223.6K
#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$7.7Mraised▾
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#6
Series B · Toronto, Ontario · founded 2016 · 62 employees$90.3Mraised▾
Digital bank for businesses. Its services include business accounts, NFC-enabled prepaid cards for online/offline purchases, bill payments, money transfers, and more. Users can view account details, transaction details, and generate account reports through the application. Businesses can integrate the bank account with other business applications through APIs.
- Oct 2022Series B$67M
- Mar 2020Series A$21M
- May 2018Seed$2M
#7
Series A · Toronto, Ontario · founded 2021 · 14 employees$10.2Mraised▾
Developer of Banking-as-a-Service platform designed to offer Crypto Banking and other banking products to its users. The company's banking platform is secure and crypto-regulated and provides various financial services like a book of record, qualified custody, fraud controls software, and crypto lending services, allowing financial institutions to provide crypto-native products to customers with advanced and secured features.
#8
Series A · Toronto, Ontario · founded 2016 · 18 employees$4.8Mraised▾
Customer engagement and retention platform. It offers a solution for sales and customer service teams that enables borrowers engagement with home finance management. Its real-time analytics platform assists sales and service teams with customer management using machine learning. It enables sales and support teams to communicate with customers in personalized ways throughout the journey. It uses deep learning technology to improve the LTV of customer relationships through real-time intelligence and analytics.
- 2024Series A$500K
- Jul 2020Series A$3M
- May 2019Seed$1.1M
- Oct 2018Seed—
#9
Series B · Toronto, Ontario · founded 2014 · 109 employees$53.6Mraised▾
Provider of a credit monitoring and financial products comparison platform. It provides users with a platform where users have to register on the platform for access to credit reports. It offers personalized product recommendations and credit improvement tips based on the credit report. Allows users to compare credit cards, personal loans, mortgages, bank accounts, home and auto insurance and investment products.
- Feb 2021Series B$19.8M
- Jun 2019Series B$14.9M
- Jun 2019Venture Debt—
- Jul 2017Conventional Debt$35.7M
#10
Acqui-Hired · Toronto, Ontario · founded 2008 · 116 employees$71.2Mraised▾
Cloud-based identity verification solutions. It is a digital identity and authentication service provider that offers access to online services and applications, to identity network and cryptographic technologies to enable transactions.
- Nov 2019Grant (prize money)$200K
- Oct 2016Series C$20.5M
- Dec 2014Series C$19M
- May 2012Series C$30M
#11
Acquired · Toronto, Ontario · founded 1986 · 288 employees$82Mraised▾
Dealnet Capital provides loan life cycle management software to banks and financial institutions for consumer loans. Its solutions include loan origination and loan servicing software. Its product includes EcoHome that is a platform for home financing and OneContact for loan servicing, lead generation, data management, and more. It also provides a customer engagement focused finance platform to lenders.
- Oct 2019Conventional Debt—
- Aug 2019Conventional Debt—
- Jan 2018Post IPO$15M
- Oct 2017Conventional Debt$23M
#12
Series A · Toronto, Ontario · founded 2013 · 33 employees$345.1Kraised▾
FutureVault provides a document management solution. Users can store, organize and share personal, financial & legal documents with the Digital Collaborative Vault. The company offers white label SaaS solution to, reward & retain clients, members and employees. The solution helps companies to provide their end users with the ability to digitally deposit, store, and manage their information. Serves multiple industries including banking, wealth management, credit unions, family offices and affinity groups.
- Mar 2025Series A$3M
- Nov 2016Seed$200.2K
- Jun 2016Seed$144.9K
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Banking Tech coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
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.
- Western University6
- University of Toronto5
- Kellogg's4
- University Canada West4
- University of Manitoba4
- Interpretability3
- Reinforcement learning2
- Credit risk2
- Adaptability2
- Risk management2
- Financial services19
- Blockchain5
- Investment (military)5
- Financial inclusion4
- Smart contract4
- Financial services2→13
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.
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.
- Flybits5
- Stack Fintech4
- Royal BANK Of Canada2
Common questions
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.