100 indexable Banks companies headquartered in Canada, ranked by total equity funding and recent funding momentum. Combined disclosed equity funding of $1.4B across 5 funded companies, including 1 unicorn.
| # | Company | Funding | Valuation | Stage | Latest round | Employees | Founded | Momentum |
|---|---|---|---|---|---|---|---|---|
| 1 |
Wealthsimple
Unicorn Provider of financial services including investing, trading, saving, and borrowing |
$901.3M | $1.5B as of 2020 |
Series F | Series F Oct 2025 | 29 | 2014 | ↑ Active |
| 2 |
Concentra Bank
Urban credit union |
$250M | — | Acquired | Conventional Debt May 2021 | 287 | 2005 | — |
| 3 |
Equitable Bank
Commercial bank |
$150M | — | Late Stage | Conventional Debt Sep 2019 | — | 1970 | — |
| 4 |
Meridian
Urban credit union |
$125M | — | Funding Raised | Conventional Debt Feb 2020 | 2,000 | 2005 | — |
| 5 |
Highlands State Bank
Commercial bank |
$5M | — | Late Stage | Post IPO Dec 2016 | 38 | 2005 | — |
| 6 |
First Nations Bank of Canada
Commercial bank |
— | — | Early Stage | Unattributed Aug 2025 | 86 | 1996 | ↑ Active |
| 7 |
National Bank of Canada
Commercial bank |
— | — | Public | Conventional Debt May 2025 | 21,635 | 1859 | ↑ Active |
| 8 |
Scotiabank
Commercial bank |
— | — | Public | Conventional Debt Jan 2025 | 88,645 | 1832 | ↑ Active |
| 9 |
BMO
Commercial bank |
— | — | Public | Conventional Debt Jan 2025 | 16,217 | 1817 | ↑ Active |
| 10 |
Canadian Imperial Bank of Commerce
Commercial bank |
— | — | Public | Conventional Debt Jan 2025 | 2 | 1867 | ↑ Active |
| 11 |
Desjardins
Cooperative bank |
— | — | Funding Raised | Grant (prize money) Mar 2022 | 2 | 1900 | — |
| 12 |
Fairstone
Diversified lending NBFI |
— | — | Acquired | Conventional Debt Mar 2020 | 1,500 | 1923 | — |
| 13 |
Peoples Group
Issuer of prepaid and credit cards |
— | — | Funding Raised | Conventional Debt Jun 2018 | — | 1985 | — |
| 14 |
Banque Laurentienne
Commercial bank |
— | — | Acquired | Post IPO Dec 2015 | 3,647 | 1846 | — |
| 15 |
Royal Bank of Canada
Commercial bank |
— | — | Public | Conventional Debt Sep 2015 | 79,308 | 1864 | — |
| 16 |
RBC Royal Bank
Commercial bank |
— | — | Late Stage | Post IPO Jul 2013 | — | 1864 | — |
| 17 |
1st Choice Savings and Credit Union
Urban credit union |
— | — | Unfunded | — | — | 2001 | — |
| 18 |
Access Credit Union
Urban credit union |
— | — | Unfunded | — | 476 | 2009 | — |
| 19 |
Action Grenier
2945-9708 Quebec is a Boucherville, QC based private company whose line of business is Bank holding company |
— | — | Private | — | 50 | 1991 | — |
| 20 |
AECO Holdings
AECO Holdings is a Calgary, AB based private company whose line of business is Bank holding company |
— | — | Private | — | 4 | 2009 | — |
| 21 |
Affinity Credit Union
Urban credit union |
— | — | Unfunded | — | — | 2005 | — |
| 22 |
Alterna
Cooperative bank |
— | — | Unfunded | — | — | 1908 | — |
| 23 |
Alterna Bank
Commercial bank |
— | — | Unfunded | — | — | 2000 | — |
| 24 |
ATB Financial
Special purpose bank-community |
— | — | Acquired | — | 1 | 1938 | — |
| 25 |
BDC
Commercial bank |
— | — | Funding Raised | — | 4,742 | 1944 | — |
| 26 |
bergengren credit union
Bergengren Credit Union is a fintech start up. |
— | — | Acquired | — | 51 | 1933 | — |
| 27 |
Biggar & District Credit Union
Urban credit union |
— | — | Unfunded | — | — | 2000 | — |
| 28 |
BlueShore Financial Credit Union
Commercial bank |
— | — | Unfunded | — | 420 | 1941 | — |
| 29 |
Boomerang Credit Union
Urban credit union |
— | — | Deadpooled | — | — | 2015 | — |
| 30 |
Bradford Unity Bank
Provider of digital banking platform for individuals and businesses |
— | — | Unfunded | — | — | 2004 | — |
| 31 |
Caisse Pop Clare
Financial institution providing personal and business banking, loans, and investment services |
— | — | Public | — | — | 2000 | — |
| 32 |
Canadian Western Bank
Commercial bank |
— | — | Acquired | — | 2,257 | 1988 | — |
| 33 |
Canadian Western Bank
Provider of financial services |
— | — | Acquired | — | — | 1988 | — |
| 34 |
Cape Breton Credit Union
Urban credit union |
— | — | Unfunded | — | — | 2016 | — |
| 35 |
Capital City Savings
Commercial bank |
— | — | Deadpooled | — | — | 2005 | — |
| 36 |
Capital One
Commercial bank |
— | — | Unfunded | — | — | 1996 | — |
| 37 |
Carsvideos
Urban credit union |
— | — | Deadpooled | — | — | 2010 | — |
| 38 |
Central Time Systems (Company)
Central Time Systems (Company) is a Barrie, ON based private company whose line of business is Bank holding company |
— | — | Private | — | 5 | 1977 | — |
| 39 |
Coast Capital Savings
Credit union |
— | — | Unfunded | — | — | 2000 | — |
| 40 |
Coastal Community Credit Union
Urban credit union |
— | — | Unfunded | — | 7 | 1946 | — |
| 41 |
Columbia Valley Credit Union
Urban credit union |
— | — | Unfunded | — | — | 1955 | — |
| 42 |
Conexus Credit Union
Urban credit union |
— | — | Unfunded | — | 845 | 2011 | — |
| 43 |
Connect First Credit Union
Urban credit union |
— | — | Unfunded | — | 770 | 2014 | — |
| 44 |
Credit Union Atlantic
Commercial bank |
— | — | Unfunded | — | — | 1948 | — |
| 45 |
Crossroads Credit Union
Urban credit union |
— | — | Unfunded | — | — | 2014 | — |
| 46 |
Crosstown Civic
Credit Union |
— | — | Deadpooled | — | — | 1943 | — |
| 47 |
Diamond North Credit Union
Urban credit union |
— | — | Unfunded | — | — | 2006 | — |
| 48 |
DirectCash Bank
Commercial bank |
— | — | Unfunded | — | — | 2007 | — |
| 49 |
Duo Bank
Commercial bank |
— | — | Unfunded | — | 40 | 2010 | — |
| 50 |
East Coast Credit Union
Urban credit union |
— | — | Unfunded | — | 170 | 2006 | — |
Provider of financial services including investing, trading, saving, and borrowing. The company offers chequing accounts, credit cards, and savings accounts. It provides self-directed investing in stocks, ETFs, options, margin, gold, and crypto. Wealth management services include portfolios, direct indexing, and income portfolios. Mortgages and tax filing services are also available.
Urban credit union
Commercial bank
Urban credit union
Commercial bank
Commercial bank
National Bank of Canada is a commercial bank. It provides services like savings accounts, chequing accounts, credit cards, loans, insurance, mortgages, investments to individuals & business. In 2022, the company recorded annual revenues of $12.28B and a net profit of $2.55B.
In 2022, the company recorded annual revenues of $40.24B and a net profit of $6.88B.
Commercial bank. It offers a wide range of personal banking services, including online and mobile banking, accounts, credit cards, loans, mortgages, wealth management, M&A, loan syndication & agency, business strategy, and investments.
Canadian Imperial Bank of Commerce is a commercial bank. It offers retail banking, business banking, wealth management, insurance, investment banking, and capital markets to individuals, commercial and corporate clients. In 2022, the company recorded annual revenues of $28.83B and a net profit of $3.65B.
Cooperative bank
Diversified lending NBFI
Accelerate Okanagan
BMO
CDPQ
CIBC
CPP Investments
Canadian Imperial Bank of Commerce
OMERS
PSP Investments
TD Bank
TechAlliance
4A Capital
AIMCo
Rankings are computed by Radar (Fliar BI) from the Radar company master and are updated periodically. Funding and momentum scores use disclosed equity-funding data only. Figures may lag private rounds. Last updated 2026-06-21.
