Best Consumer and SME Loans Companies in Canada
The 108 best Consumer and SME Loans companies in Canada in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Fraction.
Canada's Consumer and SME Loans sector is more competitive than the headline numbers suggest, and this directory ranks 108 tracked companies by disclosed equity funding and recent funding momentum to show you exactly where the weight sits. Total disclosed funding across the field lands at $821M, but the distribution is anything but even. Fraction has pulled $247M, Kuber MIC sits at $214M, and Brightpath Capital has locked in $147M, meaning three players account for the bulk of capital while the rest of the field is working with far thinner war chests. So what's driving fresh money into the space? According to ResearchAndMarkets.com, the global consumer and SME lending market is forecast to grow at a 13.4% CAGR from its 2022 base of roughly $86.8B, with unbanked populations and smartphone-enabled microfinancing doing most of the heavy lifting on the demand side.
App-level data tells a parallel story. Median install growth across consumer finance apps is running at roughly +19% YoY, which, I'd argue, is the clearest signal that borrowers are moving fast toward mobile-first lenders. Coverage themes are shifting in lockstep: customer journey analytics and retail expenditure trends are now the hot editorial beats, not just product rates. Regulatory friction around alternative lending in Canada remains a real constraint for smaller entrants, and with zero unicorns in the current cohort, the sector's upside is still largely unproven at scale. Active backers like ATB Financial and Alaris Equity Partners are watching that change in real time.
- UnivDatos Market Insights (UMI)
Ranked: Best Consumer and SME Loans companies in Canada
| # | Company | Disclosed funding | Last round | Stage | Employees | Founded | Founder | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Fraction Online platform for reverse mortgage loans | $247M | 56 mo ago | Series D | 18 | 2018 | Josh Baker Co-Founder & CTO | — |
| 2 | Kuber MIC Provider of commercial mortgage loan solutions | $214M | 14 mo ago | Series A | 6 | 2016 | — | — |
| 3 | Brightpath Capital Provider of home loans | $147M | 27 mo ago | Funding Raised | 9 | 2016 | — | — |
| 4 | Rifco Auto loans provider | $101M | 118 mo ago | Acquired | 62 | 2000 | Jared Priestner CEO | — |
| 5 | Cash 4 You Payday loans provider | $32M | 101 mo ago | Funding Raised | 36 | 2001 | Amir Mahmoudzadeh Co-Founder & CEO | — |
| 6 | Briva Finance Provider of working capital loans | $20M | 76 mo ago | Series B | 5 | 2018 | Jacques Marchand Founder & President | — |
| 7 | CORE Capital Group Provider of business loans and equipment financing | $16M | 69 mo ago | Series B | — | 2016 | David Sutherland Co-Founder | — |
| 8 | Amur Financial Group Diversified lending NBFI | $15M | 84 mo ago | Early Stage | 75 | 2012 | Arif Mulji Chief Executive Officer | — |
| 9 | NEDC Provider of diversified SME loans | $8M | 51 mo ago | Series A | — | 1984 | — | 1 award |
| 10 | Bloom Online platform for home equity financing | $5M | 37 mo ago | Series A | 16 | 2020 | Ben McCabe Founder & CEO | — |
| 11 | Easy Financial Personal loans provider | $4M | 109 mo ago | Funding Raised | — | 2017 | Jason Mullins President & CEO | — |
| 12 | New Haven Mortgage Income Fund Mortgage investment corporation facilitating mortgage loans secured by various property types | $3M | 14 mo ago | Series A | — | 2008 | Jason Vyner Co-Founder &Owner | — |
| 13 | Levr Online AI-enabled marketplace offering diversified business loans | $2M | 28 mo ago | Seed | 15 | 2021 | — | 3 launchs · 3 partnerships |
| 14 | Alternative Financing Options Provider of private mortgage financing for residential, commercial, and land properties | $2M | 77 mo ago | Funding Raised | — | 2012 | Peter Ryan Co-Founder | — |
| 15 | VWR Capital Provider of residential equity mortgage solutions for brokers | $2M | 3 mo ago | Early Stage | 12 | 1993 | — | — |
| 16 | Moskowitz Capital Provider of mortgage loans for individuals and businesses | $708K | 13 mo ago | Seed | — | 2002 | Brian Moskowitz Founder & President | 1 partnership |
| 17 | Evol Online lending platform offering commercial loans | $600K | — | Early Stage | 113 | 1995 | Geraldine Martin CEO | 1 partnership |
| 18 | Royalty North Working capital loans provider | $512K | 109 mo ago | Deadpooled | — | 2013 | Justin Currie CEO & Director | — |
| 19 | Soho Resources Corp Provider of commercial mortgages loan | $211K | 184 mo ago | Early Stage | — | 1991 | Ralph Shearing CEO | — |
| 20 | Windmill Microlending Personal loans provider | $200K | 78 mo ago | Seed | 69 | 2005 | Claudia Hepburn ceo | 1 partnership |
Top 12 Consumer and SME Loans companies in Canada
#1
Series A · Toronto, Ontario · founded 2016 · 6 employees$213.8Mraised▾
Provider of commercial mortgage loan solutions
- Apr 2025Series A$4.7M
- Mar 2025Seed$503.6K
- Feb 2025Seed$2.7M
- Jan 2025Seed$2.9M
#2
Early Stage · Langley, British Columbia · founded 1993 · 12 employees$2.1Mraised▾
Provider of residential equity mortgage solutions for brokers. It offers first and second residential mortgages, allowing brokers to set their own fees. The company utilizes a stated income model without requiring GDS/TDS or minimum beacon scores, and down payment documentation is not mandatory. A streamlined online portal facilitates quick and easy submissions. Support for brokers includes accessible business development managers and a renewal fee of only $200.
#3
Series A · Toronto, Ontario · founded 2008$3.2Mraised▾
Mortgage investment corporation facilitating mortgage loans secured by various property types. It lends investor funds to borrowers against properties, including residential and commercial establishments. The company focuses on providing mortgage solutions based on property equity, offering an avenue for investors to participate in mortgage-backed investments. It manages funds to provide returns to investors through mortgage lending activities.
- Apr 2025Series A$216.8K
- Mar 2025Series A$19.5K
- Feb 2025Series A$2M
- Jan 2025Seed$188.2K
#4
Funding Raised · Waterloo, Ontario · founded 2016 · 9 employees$147.3Mraised▾
Provider of home loans
- Mar 2024Conventional Debt$147.3M
#5
Seed · Toronto, Ontario · founded 2002$707.9Kraised▾
Provider of mortgage loans for individuals and businesses
- May 2025Seed$129.5K
- Mar 2025Seed$84.6K
- Nov 2024Seed$493.8K
#6
Series D · Vancouver, British Columbia · founded 2018 · 18 employees$247.1Mraised▾
Online platform for reverse mortgage loans. It allows borrowers to convert up to half of their home equity into tax-free cash. It also renews the agreement after five years.
- Oct 2021Series D$20M
- Feb 2021Conventional Debt—
- Feb 2021Series D$227.1M
#7
Acquired · Red Deer, Alberta · founded 2000 · 62 employees$100.6Mraised▾
Auto loans provider
- Aug 2016Post IPO$582.2K
- Jun 2015Conventional Debt$100M
#8
Seed · Vancouver, British Columbia · founded 2021 · 15 employees$2.5Mraised▾
Online AI-enabled marketplace offering diversified business loans. It allows the borrower to provide their loan requirements and data on their platform, which enables the platform to leverage AI ML to analyze that data and find the best lending partner for the borrower. Based on the match, the platform also tells the required documentation needed for applying and processing of the loan.
- Feb 2024Seed$741.7K
- Feb 2023Seed$751.3K
#9
Series A · Toronto, Ontario · founded 2020 · 16 employees$5.2Mraised▾
Online platform for home equity financing. It offers a solution that enables users to avail loans secured by the equity value of the real estate properties. It also enables users to stay in the pledged property. Users must add the required information along with the documents and apply for the loan. Once approved the funds are transferred to the registered bank account.
- May 2023Series A$5.2M
#10
Funding Raised · Cornwall, Ontario · founded 2001 · 36 employees$32.2Mraised▾
Payday loans provider
- Jan 2018Conventional Debt$32.2M
#11
Series B · Montreal, Montreal · founded 2018 · 5 employees$20Mraised▾
Founded in 2018, BRIVA FINANCE was created to offer businesses interim financing options, allowing them to quickly realize their projects. Business leaders are hemmed by the limits, the requirements and the loan granting process of traditional institutional lenders. Despite the variety of commercial credit options, many situations are not properly addressed, especially when the need is urgent and critical to the realization of a project. From this observation, BRIVA FINANCE offers temporary financing catered to time sensitive situations that also require a level of expertise meeting entrepreneurs and business leaders’ expectations.
- Feb 2020Series B$20M
#12
Series A · Port Alberni, British Columbia · founded 1984$7.9Mraised▾
Provider of diversified SME loans
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Consumer and SME Loans coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
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.