Best Loyalty Software Companies in Canada
The 122 best Loyalty Software companies in Canada in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Ackroo.
Canada's Loyalty Software sector has 122 tracked companies and $624M in disclosed funding, which makes this directory the most complete ranking of Loyalty Software builders in Canada, sorted by equity raised and recent momentum.
Ackroo leads the field at $365M, a figure that dwarfs the rest of the pack by a wide margin. 360insights sits second at $48M, Kognitiv at $35M, and then the numbers fall fast: Mobi724 at $8M, FlipGive at $6M, Perk Labs at $2M. No unicorns yet. So the question worth sitting with is whether that Ackroo funding concentration signals a winner pulling away or simply a single outlier in an otherwise fragmented market. I'd lean toward fragmentation, given how many sub-$10M players are still active. BDC and Export Development Canada anchor the investor list, which tells you government-linked capital is doing a lot of the early lifting here. Hot themes right now include predictive analytics and playback-engine integrations, both of which are pushing loyalty platforms toward richer personalization. If you're benchmarking vendors this quarter, the spread between the top funder and the median company is the first number worth noting.
Ranked: Best Loyalty Software companies in Canada
| # | Company | Disclosed funding | Last round | Stage | Employees | Founded | Founder | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Ackroo Provider of software for loyalty programs gift cards and payments 29Funding top 27%Tech top 35%Customers top 36%Product top 40% All 8 signals ▾Fundingtop 27% Techtop 35% Customerstop 36% Producttop 40% Globalbottom 36% Growthbottom 32% Marketbottom 28% Newsbottom 27% Funding: Raised $365M across 10 rounds · 10 rounds over 14 yrs (0.7/yr) Tech: 52 technologies across 5/8 capability areas · Cloud: Cloudflare, Google Cloud rank vs industry peers · Fliar Intelligence Index 29/100 | $365M | 68 mo ago | Acquired | 29 | 2012 | — | — | — |
| 2 | Drop Provider of a rewards management application | $71M | 81 mo ago | Series B | 98 | 2012 | Darren Fung Co-Founder & CTO | — | — |
| 3 | Influitive Advocate marketing software solutions provider | $60M | 88 mo ago | Series C | 130 | 2010 | — | 2 patents Digital social interaction platforms and network routing optimization for marketing analytics | — |
| 4 | 360insights SaaS-based loyalty solution for sales channels | $48M | 21 mo ago | Series C | 609 | 2009 | Jason Atkins CEO | — | 1 award |
| 5 | Kognitiv Provider of loyalty program services | $35M | 43 mo ago | Acquired | 34 | 2009 | Willem Galle Co-Founder | 3 patents Analytics engine for loyalty program redemption rates in financial transaction processing. | — |
| 6 | Mobi724 Payment processing solution provider to the financial sector | $8M | 42 mo ago | Public | 35 | 2012 | M Vienneau Chief Executive Officer | 4 patents Mobile digital coupon processing and payment gateway integration for e‑commerce transactions. | — |
| 7 | FlipGive Online platform allow users to raise funds through charitable e-commerce | $6M | 33 mo ago | Series A | 31 | 2008 | Nicholas Lee Co-founder | — | — |
| 8 | PostBeyond Employee advocacy platform for businesses | $5M | 116 mo ago | Acquired | 32 | 2013 | — | — | — |
| 9 | Exchange Solutions Provider of an AI-powered platform for loyalty programs and personalized offers | $4M | 62 mo ago | Funding Raised | 197 | 1996 | — | 11 patents Electronic platforms for trading credit default futures and related risk analytics | — |
| 10 | giftbit Giftbit is a rewards platform that lets you buy, send and control digital gift cards. | $3M | 124 mo ago | Seed | 17 | 2011 | — | — | — |
| 11 | Engage People Provider of loyalty solutions for businesses | $3M | 63 mo ago | Funding Raised | 130 | 2008 | Jonathan Silver CEO & Co-Founder | — | — |
| 12 | RewardStream Referral based rewards and engagement platform | $3M | 106 mo ago | Acqui-Hired | 35 | 1999 | — | — | — |
| 13 | Perk Labs AI-based digital loyalty and mobile payment platform | $2M | 27 mo ago | Public | 11 | 2014 | — | — | — |
| 14 | Award Pool Platform offering software to engage fans | $2M | 54 mo ago | Seed | 11 | 2020 | — | — | — |
| 15 | Smile.io Cloud based loyalty and rewards solution for online businesses | $2M | 81 mo ago | Seed | 63 | 2010 | — | 20 patents Aggregating, normalizing, and managing loyalty reward points across multiple merchant platforms | 1 launch · 1 partnership |
| 16 | MoPals Mobile app-based coalition loyalty program | $2M | 160 mo ago | Deadpooled | 1 | 2012 | Alex Haditaghi CEO and Founder | — | — |
| 17 | Points Rewards sourcing network | $2M | 63 mo ago | Acquired | 400 | 2000 | — | — | — |
| 18 | Thirdshelf Loyalty marketing software for retailers | $800K | 122 mo ago | Seed | — | 2014 | Antoine Azar Co-Founder & CTO | — | — |
| 19 | Qriket Cashback mobile app for viewing ads | $500K | 180 mo ago | Deadpooled | — | 2009 | Ilya Spekhov Co-Founder | — | — |
| 20 | GetGifted Mobile loyalty app that award gifts to shoppers from local stores | $400K | 145 mo ago | Seed | 25 | 2012 | Gillian McCrae Founder | — | — |
| 21 | Spoonity Loyalty program for restaurants | $300K | 176 mo ago | Funding Raised | 23 | 2011 | Max Bailey Co-Founder | — | — |
| 22 | Virtual Next Developer of digital wallet software for loyalty and payment programs | $200K | 154 mo ago | Seed | 5 | 2010 | — | — | — |
Top 12 Loyalty Software companies in Canada
#1
Series C · Whitby, Ontario · founded 2009 · 609 employees$47.6Mraised▾
360 insights offer a Saas based platform for managing loyalty solutions for clients and sales distributors. It offers sales incentive management, rebate management, sell through allowance tracking, MDF and co-op funds management, sales training for distributors and also compiles channel loyalty data and provides insights based on that. The solution offered by the company can be used in sectors such as automotive, insurance, retail, manufacturing, and telecom. Its major clients are Samsung, Motorola, Siemens, Haier, SONY, GE, Bosch, Whirlpool, and Yokohama.
- Sep 2024Conventional Debt—
- Oct 2016Series C$30M
- Jan 2016Series B$10M
- Jan 2013Series A$7.7M
#2
Acquired · Ottawa, Ontario · founded 2012 · 29 employees$364.8Mraised▾
Provider of software for loyalty programs gift cards and payments. This platform enables businesses to manage customer engagement tools including digital and physical gift cards, reward programs, and promotional campaigns. The system integrates with point of sale hardware to process credit, debit, and mobile transactions. It provides reporting features to track sales activity and transaction data. The technology supports various retail, automotive, and service sectors by facilitating customer retention and transaction processing.
- Oct 2020Post IPO$3M
- Jun 2019Conventional Debt$4M
- Aug 2018Conventional Debt$350M
- Jun 2017Post IPO$500K
#3
Public · Vancouver, British Columbia · founded 2014 · 11 employees$2.4Mraised▾
AI-based digital loyalty and mobile payment platform. It enables merchants to provide their customers with pre-order and pick-up capabilities, quick secure payments, digital rewards, and personalized customer experience.
- Feb 2024Post IPO—
- Oct 2023Post IPO$346.8K
- Apr 2023Post IPO$190K
- May 2017Post IPO$1.9M
#4
Acquired · Waterloo, Ontario · founded 2009 · 34 employees$35Mraised▾
Provider of loyalty program services
- Nov 2022Series A—
- Nov 2022Conventional Debt—
- Feb 2022Series A$31M
- Feb 2022Conventional Debt$17.5M
#5
Series A · Toronto, Ontario · founded 2008 · 31 employees$5.9Mraised▾
Online platform allow users to raise funds through charitable e-commerce. The app offers cashback rewards for shopping, which can be used to pay for team expenses and balance the budget. It also allows teams to accept fee payments.
- Aug 2023Series A$3.7M
- Jul 2019Series A$3.8M
- Sep 2012Series A$2M
#6
Public · Montreal, Montreal · founded 2012 · 35 employees$8.1Mraised▾
Payment processing solution provider to the financial sector. They offer solutions like card linked payments, where users can redeem loyalty points, and rewards currency accumulated on a card linked account directly at the point of sale. It provides API for seamless and secure integration, implementation and management, and data monetization. Mobi also offers POS solutions for clients to process EMV payments, cash advances, and other ATMs at the point of sale.
- Dec 2022Post IPO$671.2K
- May 2019Post IPO$372.8K
- Jan 2019Conventional Debt$500K
- Jan 2019Post IPO$1M
#7
Series B · Toronto, Ontario · founded 2012 · 98 employees$71.3Mraised▾
Drop provides a rewards management application. It allows users to shop at various brands, automatically get rewards and redeem them at the partner stores. It enables users to manage rewards on ordering food, traveling, and shopping. It enables users to shop and earn points. The application is available on the Apple App Store and Google Play Store.
- Aug 2019Series B$44M
- Jan 2018Series A$21M
- Oct 2017Seed$5.5M
- Jul 2016Seed$776.5K
#8
Series C · Toronto, Ontario · founded 2010 · 130 employees$59.9Mraised▾
Influitive provides advocate marketing software solutions for B2B software and technology firms. Its portfolio includes AdvocateHub, an advocate marketing software solution that enables to build advocate communities where they can engage with their customers, partners, and employees. The company’s AdvocateHub software helps B2B companies capture customer enthusiasm, and use it to turbocharge marketing and sales efforts, and allows marketers to build advocate communities and invite customers, partners, and employees into it to complete challenge’, such as referrals, reference calls, product reviews, and more. The company also provides consulting services that include coaching and hands-on training for companies that start to implement their advocate marketing strategies,
- Feb 2019Conventional Debt—
- Feb 2019Series C$10M
- Mar 2016Series B$8.2M
- Jul 2015Series B$30.5M
#9
Seed · Toronto, Ontario · founded 2020 · 11 employees$2.3Mraised▾
Platform offering software to engage fans. The platform helps members to manage, boost and gamify the customer experience and rewards fans with NFTs. It helps members to create unique engagement challenges on the website and social channels to engage customers, fans, and followers.
- Dec 2021Seed$25K
- Jun 2021Seed$2.3M
#10
Funding Raised · Toronto, Ontario · founded 1996 · 197 employees$4.2Mraised▾
Provider of an AI-powered platform for loyalty programs and personalized offers. The platform offers tools for managing programs, building promotions, and engaging customers. It provides features such as audience recommendations, real-time insights, and integration with existing marketing systems. The platform aims to help businesses create personalized experiences and increase customer engagement.
- Apr 2021Unattributed—
- May 2008Venture Debt$4.2M
#11
Funding Raised · Markham, Ontario · founded 2008 · 130 employees$3Mraised▾
Engage People offers loyalty solutions to businesses. The product offerings include Podium, LRG, Waav, Reach, and Dash. Podium is the loyalty engine which enables clients to roll out a points-based loyalty program of their own. LRG enables the customers of a business to redeem their points at selected white-label websites. Waav assists businesses with in-store points redemption. Reach assists businesses with centralized eCommerce based rewards fulfillment. Dash offers mobile app-based wallet solutions to businesses. It also provides in-store redemption and analytics reports.
- Feb 2021Conventional Debt$3M
- Jan 2017PE—
#12
Acquired · Toronto, Ontario · founded 2000 · 400 employees$1.7Mraised▾
The Points loyalty wallet allows customers to track, trade, redeem and exchange loyalty points of partnered programs. The Points Loyalty Commerce Network is a partnership of 50 different loyalty programs. Customers of these programs have greater choice with respect to earning and burning rewards through this platform. Partnered retailers can let customers earn these generic points thereby improving engagement and loyalty.
- Mar 2021Post IPO—
- May 2014Post IPO$1.7M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Loyalty Software 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.