Radar · Payments in Canada
Best Payments Companies in Canada
The 322 best Payments companies in Canada in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Trulioo.
By Rohit KhannaTrends & Stories
322companies tracked
$2.8Bdisclosed funding
1unicorns
80have raised
Canada's Payments sector is bigger than most people realize: 322 companies tracked, $2.8B in disclosed funding, and one unicorn already minted. The global market sits at roughly $511.9B and is forecast to reach $847.6B by 2027 at an 8.9% CAGR according to ResearchAndMarkets.com, so the tailwinds here aren't subtle. Koho leads our directory at $356M raised, with Keep pulling $76M and Trolley at $25M. Investors like Luge Capital, BDC, and MaRS Discovery District keep showing up in cap tables, which tells you something about where institutional conviction is sitting right now.
So what's actually moving the needle this quarter? Faster payments infrastructure is the dominant theme, and you can see the same urgency globally: Raenest's push into predictable cross-border payouts and Primer's $100M Series C for AI payments infrastructure both signal that the race to reduce settlement friction is intensifying everywhere. Canada's regulatory gaps add a wrinkle, frankly, but Open Banking adoption and contactless growth are pulling founders forward anyway. If you're benchmarking players in this space, funding momentum is the cleanest signal we've got.
FLIAR INTELLIGENCE · PAYMENTS × CANADA
Our analysis of 150 Payments companies
$44.9b in tracked funding; 96% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2021.
150companies analysed
96%cloud-native stacks
2021funding peak (by rounds)
33unicorns
2018median founding year
887kcombined LinkedIn audience
52%of audience held by top 3
4companies hiring publicly (12 mo)
Ranked: Best Payments companies in Canada
| # | Company | Disclosed funding | Last round | Employees | Founded | Tech stack | Market signals (1y) | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Trulioo 🦄 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 | $477M | 60 mo ago | 412 | 2011 | WordPressMySQLPHP+18 | 4 signals ▼67% New product · Leadership | 5 patents Privacy‑preserving data anonymization for fraud risk assessment in identity verification systems. | 1 launch · 1 expansion |
| 2 | Verafin 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 | $449M | 80 mo ago | 32 | 2003 | WordPressApple iCloud MailMySQL+33 | — | 3 patents Anti-fraud analytics for financial transaction monitoring and compliance | 1 partnership |
| 3 | 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 | 67 mo ago | 29 | 2012 | Cart FunctionalityHubSpot CMS HubSentry+24 | — | — | — |
| 4 | KOHO Internet-first bank for individuals 76Funding top 18%Customers top 18%Tech top 24%Talent top 28% All 12 signals ▾Fundingtop 18% Customerstop 18% Techtop 24% Talenttop 28% Moattop 31% Innovationtop 32% Producttop 37% Markettop 41% Partnerstop 41% Growthbottom 47% Globalbottom 37% Newsbottom 24% Funding: Raised $356M across 11 rounds · 11 rounds over 11 yrs (1.0/yr) Customers: Play-Store rating 4.79★ across 72,587 ratings (1 apps) · Marquee-customer mentions: top 30% of tracked companies rank vs industry peers · Fliar Intelligence Index 76/100 | $356M | 14 mo ago | 270 | 2014 | Amazon WebstoreSentryApple iCloud Mail+38 | — | — | 2 launchs · 1 award |
| 5 | Nuvei Provider of payment solutions, risk management, and banking and issuing services | $322M | 37 mo ago | 2,089 | 2003 | WebflowUnbounceApple iCloud Mail+23 | 11 signals ▼45% New product · Contracts · Funding | — | — |
| 6 | Brim Financial NFC-enabled credit card payment solution for individuals 37Funding top 30%Moat top 31%Talent top 44%Growth top 45% All 9 signals ▾Fundingtop 30% Moattop 31% Talenttop 44% Growthtop 45% Producttop 46% Newsbottom 46% Techbottom 44% Globalbottom 36% Marketbottom 33% Funding: Raised $102M across 2 rounds · 2 rounds over 5 yrs (0.4/yr) Moat: Editorial + unicorn rating 8/10 · Soonicorn rank vs industry peers · Fliar Intelligence Index 37/100 | $102M | 26 mo ago | 44 | 2017 | PHPBootstrapApache HTTP Server+17 | — | — | — |
| 7 | Paystone Provider of payment processing solutions, terminals, and point of sale systems | $99M | 58 mo ago | 200 | 2009 | HubSpot CMS HubApple iCloud MailGoogle Workspace+27 | — | 6 patents Integrated payment processing platforms with built-in customer loyalty and rewards functionality. | — |
| 8 | Keep Corporate cards and payment solutions for businesses 55Funding top 26%Tech top 27%Growth top 35%Moat top 38% All 9 signals ▾Fundingtop 26% Techtop 27% Growthtop 35% Moattop 38% Innovationtop 43% Patentstop 45% Talentbottom 49% Globalbottom 36% Marketbottom 34% Funding: Raised $76.0M across 3 rounds · 3 rounds over 1 yrs (3.0/yr) Tech: 50 technologies across 5/8 capability areas · Cloud: Amazon Ses, Amazon Web Services rank vs industry peers · Fliar Intelligence Index 55/100 | $76M | 12 mo ago | 41 | 2019 | SentryApple iCloud MailGoogle Workspace+33 | — | 6 patents Tamper‑resistant secure storage containers for protecting valuables and sensitive items | 2 job openings |
| 9 | Ethoca Fraud protection solutions for omnichannel retailers | $45M | 131 mo ago | 162 | 2005 | DrupalMariaDBPHP+19 | — | 5 patents Payment fraud detection and transaction rescue solutions for electronic commerce | — |
| 10 | Mobeewave Contactless mobile payment acceptance solution | $42M | 88 mo ago | 70 | 2012 | — | — | 41 patents Secure mobile contactless payment processing with device‑based authentication and secure element integration | — |
| 11 | Owl Technologies KYC solutions for banks and insurance companies | $40M | 55 mo ago | 89 | 2018 | Apple iCloud MailGoogle WorkspaceNode.js+25 | — | — | 2 awards |
| 12 | Instant On-demand payment solutions for businesses and individuals | $39M | 35 mo ago | 48 | 2015 | WordPressApple iCloud MailGoogle Workspace+37 | — | — | 1 award |
| 13 | Float Financial Solutions Virtual and physical corporate cards for expenses 48Tech top 33%Funding top 36%Growth top 45%Talent top 45% All 8 signals ▾Techtop 33% Fundingtop 36% Growthtop 45% Talenttop 45% Productbottom 48% Marketbottom 37% Globalbottom 36% Customersbottom 15% Tech: 44 technologies across 5/8 capability areas · Cloud: Amazon Ses, Amazon Web Services Funding: Raised $34.0M · 4 rounds over 5 yrs (0.8/yr) rank vs industry peers · Fliar Intelligence Index 48/100 | $34M | 28 mo ago | 86 | 2020 | SentryZendeskApple iCloud Mail+38 | — | — | — |
| 14 | Helcim Provider of end-to-end payment solutions for businesses | $33M | 27 mo ago | 145 | 2006 | Cart FunctionalityApple iCloud MailGoogle Workspace+28 | — | 2 patents Mechanical mounting hardware for electronic devices and stands | 1 launch |
| 15 | Plooto Provider of accounts payable and accounts receivable automation software solutions | $26M | 42 mo ago | 93 | 2015 | HubSpot CMS HubSalesforceRxJS+28 | — | — | 1 partnership |
| 16 | Trolley Manufacturer of trolleys and trams 60Tech top 24%Product top 30%Innovation top 39%Funding top 39% All 11 signals ▾Techtop 24% Producttop 30% Innovationtop 39% Fundingtop 39% AItop 45% Talentbottom 49% Growthbottom 47% Marketbottom 44% Moatbottom 38% Globalbottom 37% Newsbottom 34% Tech: 59 technologies across 6/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 Product: 12 distinct product lines · Company stage: Series B rank vs industry peers · Fliar Intelligence Index 60/100 | $25M | 20 mo ago | 105 | 2015 | WordPressCart FunctionalityApple iCloud Mail+41 | 3 signals ▼70% IPO | — | — |
| 17 | With Reach Payment gateway solutions to businesses | $24M | 50 mo ago | 150 | 2016 | Apple iCloud MailNode.jsRadix UI+29 | — | — | — |
| 18 | Mercantile Credit card for employee expense management | $22M | 46 mo ago | 50 | 2020 | — | — | — | — |
| 19 | TIO Networks Multi-channel bill payment processor | $21M | 124 mo ago | 180 | 1997 | — | — | — | 1 launch |
| 20 | XTM Provider of earned wage access platform for service-focused businesses | $21M | 30 mo ago | — | 2006 | WixSentryBootstrap+20 | 10 signals ▼52% Regulatory · Contracts · Leadership | — | — |
| 21 | Dream Payments APIs for inbound and outbound payments | $20M | 71 mo ago | 37 | 2014 | — | — | 7 patents Secure element provisioning and activation for payment card and mobile wallet systems | 2 job openings |
| 22 | Dream Payments Provider of embedded payment solutions for financial institutions and software platforms | $19M | 102 mo ago | 43 | 2014 | WixSentryBootstrap+14 | — | 7 patents Secure element provisioning and activation for mobile payment and digital wallet systems. | — |
| 23 | Payfirma Payment processing solutions for businesses and merchants | $19M | 132 mo ago | 40 | 2011 | SalesforceJavaLeaflet+15 | — | — | — |
| 24 | Buckzy Cross border money transfer service provider | $16M | 42 mo ago | 62 | 2018 | — | — | — | — |
| 25 | Venn Financial technology company offering end to end platform for businesses 67Tech top 24%Growth top 28%Talent top 38%Funding top 42% All 6 signals ▾Techtop 24% Growthtop 28% Talenttop 38% Fundingtop 42% Marketbottom 47% Globalbottom 45% Tech: 50 technologies across 6/8 capability areas · Cloud: Amazon Alb, Amazon Cloudfront Growth: Web rank 5,000,000 → 1,000,000 YoY · Fresh capital in last 24 mo rank vs industry peers · Fliar Intelligence Index 67/100 | $15M | 15 mo ago | — | 2021 | Webflow EcommerceWebflowKnockout.js+30 | — | — | — |
| 26 | Merrco Provider of payment processing services | $11M | 24 mo ago | 33 | 2016 | — | — | — | — |
| 27 | RiverPay Mobile payment gateway for accepting AliPay and WeChat payments | $10M | 104 mo ago | 4 | 2017 | — | — | — | — |
| 28 | TipTap Wireless mPOS device for microtransactions | $9M | 43 mo ago | 45 | 2018 | Cart FunctionalityWordPressApple iCloud Mail+38 | — | — | 2 job openings · 1 partnership |
| 29 | Carta Worldwide Issuer processing solutions for businesses | $8M | 141 mo ago | 70 | 2007 | WordPress Block EditorWordPressCart Functionality+26 | — | 6 patents Mobile digital wallet transaction processing and payment infrastructure | — |
| 30 | Mobi724 Payment processing solution provider to the financial sector | $8M | 42 mo ago | 35 | 2012 | — | — | 4 patents Mobile digital coupon processing and payment gateway integration for e‑commerce transactions. | — |
| 31 | Savvii Payment card solutions for individuals | $8M | 49 mo ago | 13 | 2021 | — | — | — | — |
| 32 | Mint Provider of payroll processing, card issuance, and mobile wallet financial services | $8M | 93 mo ago | — | 1997 | — | — | — | — |
| 33 | Quickly Invoicing and payment software to automate payments | $7M | 32 mo ago | 9 | 2021 | — | — | — | — |
| 34 | FlexPay API-linked payment gateway to merchants for accepting online payments | $6M | 78 mo ago | 54 | 2017 | WordPressInstatusMySQL+41 | — | — | — |
| 35 | Fillip App-based platform offering fuel payment solutions | $5M | 32 mo ago | 29 | 2018 | WebflowApple iCloud MailGoogle Workspace+24 | — | — | — |
| 36 | TODAQ Open banking API solutions for micropayments | $5M | 80 mo ago | 12 | 2017 | — | — | — | 1 launch · 1 partnership |
| 37 | Zenbase Provider of rent payment solutions, including splitting and credit reporting | $4M | 48 mo ago | 9 | 2021 | WordPressMySQLPHP+22 | — | — | 3 partnerships |
| 38 | Ivrnet Tech solutions for the enterprise. | $4M | 97 mo ago | 17 | 1999 | WordPressApple iCloud MailMicrosoft 365+24 | — | — | — |
| 39 | Cybrid Provider of API infrastructure for stablecoin payments, compliance, and treasury 50Growth top 20%Talent top 28%Tech top 44%News top 44% All 10 signals ▾Growthtop 20% Talenttop 28% Techtop 44% Newstop 44% Fundingbottom 49% Innovationbottom 45% Productbottom 45% Moatbottom 38% Globalbottom 32% Marketbottom 30% Growth: Web rank 10,000,000 → 1,000,000 YoY · Fresh capital in last 24 mo Talent: 4 named leaders on record · 4 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 50/100 | $4M | 7 mo ago | 13 | 2021 | WebflowThree.jsGSAP+24 | — | — | — |
| 40 | Wingocard Digital bank for teens | $3M | 61 mo ago | 22 | 2019 | — | — | — | — |
| 41 | Lynk Payment gateway solutions for businesses | $3M | 44 mo ago | — | 2021 | — | — | — | — |
| 42 | Fyncr Reward-based platform for credit card bill payments | $3M | 52 mo ago | 5 | 2020 | — | — | — | — |
| 43 | Aya Provider of employee prepaid cards for healthcare payments | $3M | 66 mo ago | 19 | 2018 | WordPressMySQLPHP+37 | — | — | — |
| 44 | Mobetize Mobile Commerce solutions for Telecom and Payment industry | $3M | 79 mo ago | 5 | 2012 | — | — | — | — |
| 45 | Perk Labs AI-based digital loyalty and mobile payment platform | $2M | 27 mo ago | 11 | 2014 | WordPressMySQLPHP+27 | — | — | — |
| 46 | PayTic Provider of automated payment operations and compliance solutions for businesses 16Tech bottom 47%Funding bottom 46%Growth bottom 42%Global bottom 39% All 6 signals ▾Techbottom 47% Fundingbottom 46% Growthbottom 42% Globalbottom 39% Marketbottom 26% Newsbottom 18% Tech: 14 technologies across 4/8 capability areas · Cloud: Amazon Web Services, Vercel Funding: Raised $2.3M across 2 rounds · 2 rounds over 4 yrs (0.5/yr) rank vs industry peers · Fliar Intelligence Index 16/100 | $2M | 14 mo ago | 17 | 2020 | Node.jsReactNext.js+11 | — | — | — |
| 47 | WorkerAppz Provider of remittance services | $2M | 60 mo ago | 25 | 2018 | — | — | — | — |
| 48 | 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 | TurbopackApple iCloud MailGoogle Workspace+23 | — | — | — |
| 49 | Glowstick AI platform identifies upsell and cross-sell opportunities from customer meeting recordings | $955K | 39 mo ago | 7 | 2020 | — | — | — | — |
| 50 | Valens Pay Provider of multi-currency payment and account services | $100K | 28 mo ago | 12 | 2020 | — | — | — | — |
Top 12 Payments companies in Canada
#1
Series D · Toronto, Ontario · founded 2014 · 270 employees$356.4Mraised▾
Series D · Toronto, Ontario · founded 2014 · 270 employees
Koho is an internet-first bank for individuals. It offers services such as savings & deposit accounts, NFC-enabled prepaid cards for online/offline purchases, and more. It enables users to track spendings and savings. It categorizes expenses made through the card. It features savings module that automatically puts money aside and helps users save. It provides an app-based platform that is available on iOS & Android devices.
Fliar Intelligence Index™ 76how this company ranks against its industry peers
Funding
top 18%Customers
top 18%Tech
top 24%Talent
top 28%Moat
top 31%Innovation
top 32%Funding: Raised $356M across 11 rounds · 11 rounds over 11 yrs (1.0/yr) · Last round Series D (Apr 2025)
Customers: Play-Store rating 4.79★ across 72,587 ratings (1 apps) · Marquee-customer mentions: top 30% of tracked companies
Tech: 67 technologies across 5/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 · Observability: Microsoft Clarity, Sentry
Audience (LinkedIn): 53k LinkedIn followers — 6.0% of this cohort's audience · 71 engagements/post (2.4× cohort median)
Activity (LinkedIn): 2 product launches · 1 awards announced in 12 mo
Funding rounds
- Apr 2025Series D$10.8M
- Oct 2024Series D$29.6M
- Oct 2024Conventional Debt$111M
- Dec 2023Series D$63.3M
Founders & team
Investors
Eldridge Industries, Drive Capital, TTV Capital, Hoopp, Round13, BDC
Tech stack
Amazon AdvertisingAmazon CloudfrontAmazon S3Amazon SesAmazon Web ServicesAmazon Webstore
#2
Series A · Ottawa, Ontario · founded 2019 · 41 employees$76Mraised▾
Series A · Ottawa, Ontario · founded 2019 · 41 employees
Corporate cards and payment solutions for businesses. It provides payment and business accounts for businesses. Businesses can also issue virtual and physical corporate cards to manage, view and control their payments and spending.
Fliar Intelligence Index™ 55how this company ranks against its industry peers
Funding
top 26%Tech
top 27%Growth
top 35%Moat
top 38%Innovation
top 43%Patents
top 45%Funding: Raised $76.0M across 3 rounds · 3 rounds over 1 yrs (3.0/yr) · Last round Venture Debt (May 2025)
Tech: 50 technologies across 5/8 capability areas · Cloud: Amazon Ses, Amazon Web Services · Observability: Datadog, Microsoft Clarity
Growth: Fresh capital in last 24 mo
Audience (LinkedIn): 14k LinkedIn followers
Hiring (LinkedIn): 2 hiring posts in 12 mo (public) · momentum +2 · hiring: Underwriting Analyst, Junior Accountant
Funding rounds
- May 2025Venture Debt$3M
- May 2025Conventional Debt$50M
- May 2025Series A$23M
Founders & team
Investors
SVB, Treville Capital Group, Tribe Capital, Rebel Fund, Liquid 2 Ventures, Assurant
Tech stack
Amazon SesAmazon Web ServicesAmplitudeApple Icloud MailCdnjsChakra Ui
#3
Series A · Toronto, Ontario · founded 2022 · 10 employees$974.4Kraised▾
Series A · Toronto, Ontario · founded 2022 · 10 employees
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
Investors
Antler, Venrex, Crossbeam, GroundBreak Ventures, Ferst Capital Partners, Khosla Ventures
Tech stack
Apple Icloud MailApple Sign-InBranchClerkCloudflareCloudflare Bot Management
#4
Series A · Toronto, Ontario · founded 2021 · 13 employees$3.8Mraised▾
Series A · Toronto, Ontario · founded 2021 · 13 employees
Provider of API infrastructure for stablecoin payments, compliance, and treasury. The platform facilitates movement between stablecoins and fiat currencies. It offers tools for KYC/AML verification, liquidity access, settlement, and custody management. The infrastructure supports cross-border remittance, B2B payments, and banking solutions through accounts and payment orchestration.
Fliar Intelligence Index™ 50how this company ranks against its industry peers
Growth
top 20%Talent
top 28%Tech
top 44%News
top 44%Funding
bottom 49%Innovation
bottom 45%Growth: Web rank 10,000,000 → 1,000,000 YoY · Fresh capital in last 24 mo
Talent: 4 named leaders on record · 4 C-suite/founder profiles curated
Tech: 34 technologies across 5/8 capability areas · Cloud: Amazon Web Services, Cloudflare · Observability: Microsoft Clarity, Sentry
Audience (LinkedIn): 4k LinkedIn followers
Funding rounds
- Oct 2025Series A$10M
- Apr 2022Seed$3.8M
Founders & team
Investors
Golden Ventures, Luge Capital, Harvest Builders, BDC, Panache Ventures
Tech stack
Amazon Web ServicesCdnjsCloudflareCloudflare Bot ManagementCore-JsGoogle Analytics
#5
Series B · Toronto, Ontario · founded 2015 · 105 employees$24.7Mraised▾
Series B · Toronto, Ontario · founded 2015 · 105 employees
Manufacturer of trolleys and trams
Fliar Intelligence Index™ 60how this company ranks against its industry peers
Tech
top 24%Product
top 30%Innovation
top 39%Funding
top 39%AI
top 45%Talent
bottom 49%Tech: 59 technologies across 6/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 · Observability: Datadog, Microsoft Clarity
Product: 12 distinct product lines · Company stage: Series B
Innovation: 12 product lines
Funding rounds
- Oct 2024Series B$23M
- Sep 2023Series A$1.1M
- Jul 2023Series A$200K
- Jul 2023Series A$1M
Founders & team
Investors
Wavecrest Growth Partners, Pace Capital, GreenSky, GreenSky Capital, INV Fintech
Tech stack
Amazon CloudfrontAmazon S3Amazon Web ServicesApple Icloud MailBootstrapCart Functionality
#6
Series A · Toronto, Ontario · founded 2021$15.1Mraised▾
Series A · Toronto, Ontario · founded 2021
Financial technology company offering end to end platform for businesses. It is a technology company that provides a range of solutions for enterprise businesses, including security, infrastructure, and financial management. The product modules include corporate cards, invoicing, accounting automation, investment management and more. The company also offers financial management and other business solutions. It is a tool available on the subscription based pricing model.
Fliar Intelligence Index™ 67how this company ranks against its industry peers
Tech
top 24%Growth
top 28%Talent
top 38%Funding
top 42%Market
bottom 47%Global
bottom 45%Tech: 50 technologies across 6/8 capability areas · Cloud: Amazon Alb, Amazon Cloudfront · Devops: Nginx
Growth: Web rank 5,000,000 → 1,000,000 YoY · Fresh capital in last 24 mo
Talent: 2 named leaders on record · 2 C-suite/founder profiles curated
Audience (LinkedIn): 15k LinkedIn followers
Funding rounds
- Feb 2025Series A$15.1M
Founders & team
Investors
Left Lane, XYZ Venture Capital, Intact Ventures, Gradient Ventures
Tech stack
Amazon AlbAmazon CloudfrontAmazon S3Amazon Web ServicesAmplitudeChakra Ui
#7
Series C · Toronto, Ontario · founded 2017 · 44 employees$101.8Mraised▾
Series C · Toronto, Ontario · founded 2017 · 44 employees
NFC-enabled credit card payment solution for individuals. Provides credit cards for families and individuals with contactless payments, offline purchases, money transfers, and other solutions. Offers a loyalty program. Allows users to redeem their loyalty points at any purchase and also offers installment financing on purchases from the retailer through its app-based platform. Application is made available on iOS, and Android devices.
Fliar Intelligence Index™ 37how this company ranks against its industry peers
Funding
top 30%Moat
top 31%Talent
top 44%Growth
top 45%Product
top 46%News
bottom 46%Funding: Raised $102M across 2 rounds · 2 rounds over 5 yrs (0.4/yr) · Last round Series C (Apr 2024)
Moat: Editorial + unicorn rating 8/10 · Soonicorn · 9 curated direct competitors tracked
Talent: Analyst team rating 5/5 · 1 named leader on record · 1 C-suite/founder profile curated
Audience (LinkedIn): 39k LinkedIn followers — 4.4% of this cohort's audience
Activity (LinkedIn): 1 awards announced in 12 mo
Funding rounds
- Apr 2024Series C$85M
- Mar 2021Series B$16.8M
Founders & team
Investors
Desjardins, EPIC Ventures, goeasy, Impression Ventures, White Owl Family Office Group, Export Development Canada
Tech stack
AosApache Http ServerBootstrapCdnjsCloudflareFacebook Pixel
#8
Acquired · Montreal, Quebec · founded 2003 · 2089 employees$321.7Mraised▾
Acquired · Montreal, Quebec · founded 2003 · 2089 employees
Provider of payment solutions, risk management, and banking and issuing services. It offers payment processing, fraud prevention, and chargeback management. The company provides currency management and reconciliation services. It facilitates bank transfers, real-time payments, and crypto and digital asset transactions.
LinkedIn Pulse recent public activity · Jul 2026
Audience: 349k LinkedIn followers — 39.3% of this cohort's audience
Funding rounds
- May 2023Post IPO—
- Sep 2020Post IPO$3.2M
- Dec 2019Series D$270M
- Sep 2017Series C—
Founders & team
Investors
Goldman Sachs, Novacap, CDPQ, JPK Capital, Maranon Capital, Kensington Capital Partners
Tech stack
AdrollAdroll Cmp SystemAmazon Web ServicesApache Http ServerApple Icloud MailAtlassian Statuspage
#9
Seed · Charlottetown, Prince Edward Island · founded 2020 · 17 employees$2.3Mraised▾
Seed · Charlottetown, Prince Edward Island · founded 2020 · 17 employees
Provider of automated payment operations and compliance solutions for businesses. The business offers reconciliation automation, network fee management, and chargeback and dispute resolution. It also provides scheme regulatory reports. The business delivers tools to transform manual reconciliation into automated precision. The platform helps to optimize network fees and reduce costs.
Fliar Intelligence Index™ 16how this company ranks against its industry peers
Tech
bottom 47%Funding
bottom 46%Growth
bottom 42%Global
bottom 39%Market
bottom 26%News
bottom 18%Tech: 14 technologies across 4/8 capability areas · Cloud: Amazon Web Services, Vercel · Security: Hsts
Funding: Raised $2.3M across 2 rounds · 2 rounds over 4 yrs (0.5/yr) · Last round Seed (Apr 2025)
Growth: Fresh capital in last 24 mo
Audience (LinkedIn): 10k LinkedIn followers
Funding rounds
- Apr 2025Seed$4.4M
- May 2022Seed$2.3M
Investors
Build Ventures, Island Capital Partners, Concrete Ventures, Outlierz Ventures, Africinvest, Axian
#10
Trulioo 🦄Series D · Vancouver, British Columbia · founded 2011 · 412 employees$477.2Mraised▾
Trulioo 🦄
Series D · Vancouver, British Columbia · founded 2011 · 412 employees
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 — 4.9% 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
#11
Series B · Calgary, Alberta · founded 2006 · 145 employees$32.7Mraised▾
Series B · Calgary, Alberta · founded 2006 · 145 employees
Provider of end-to-end payment solutions for businesses. The platform covers both online and retail credit card processing solutions, payment acceptance solutions, payment gateway, POS software, mPOS suite, card vault and tokenization, invoicing, virtual terminal, and more.
LinkedIn Pulse recent public activity · Jul 2026
Audience: 17k LinkedIn followers
Activity: 1 product launches announced in 12 mo
Funding rounds
- Feb 2024Series B$20M
- Mar 2022Series A$12.7M
Founders & team
Investors
Information Venture Partners, Aquiline Capital Partners, Generation Partners, Accelerate Fund, Headline, Clocktower Ventures
Tech stack
Amazon S3Amazon Web ServicesAngularApple Icloud MailBootstrapCart Functionality
#12
Acquired · Ottawa, Ontario · founded 2012 · 29 employees$364.8Mraised▾
Acquired · Ottawa, Ontario · founded 2012 · 29 employees
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.
Fliar Intelligence Index™ 29how this company ranks against its industry peers
Funding
top 27%Tech
top 35%Customers
top 36%Product
top 40%Global
bottom 36%Growth
bottom 32%Funding: Raised $365M across 10 rounds · 10 rounds over 14 yrs (0.7/yr) · Last round Post IPO (Oct 2020)
Tech: 52 technologies across 5/8 capability areas · Cloud: Cloudflare, Google Cloud · Devops: Nginx
Customers: App rating 4.0★ (328 reviews) · Review volume +5% in 6 mo
Funding rounds
- Oct 2020Post IPO$3M
- Jun 2019Conventional Debt$4M
- Aug 2018Conventional Debt$350M
- Jun 2017Post IPO$500K
Investors
BDC, RBC Royal Bank, Export Development Canada, Innovation Factory
Tech stack
AosBootstrapCart FunctionalityCdnjsCloudflareCloudflare Bot Management
Funding & investor landscape
$2.8Btotal disclosed funding
69companies funded
166disclosed rounds
1rounds last 90 days
Most active investors
Notable founders
Joshua Bixby
Founder & Investor · KOHO
Mike Benna
Co-Founder and Investor · KOHO
Helson Taveras
Cofounder · Keep
Ben Gigone
Co-Founder & CTO · Chexy
Lizaveta Akhvledziani
Co-Founder & CEO · Chexy
Ali Irshad
Co-Founder & Head of Sales & Partnerships · Cybrid
Avinash Chidambaram
Co-Founder & CEO · Cybrid
Tim Nixon
Founder & CEO · Trolley
Saud Aziz
Co-Founder · Venn
Ahmed Shafik
Co-Founder · Venn
Rasha Katabi
Co-Founder & CEO · Brim Financial
Philip Fayer
Founder & CEO · Nuvei
Prism market signals · Canada · country-scoped Prism corpus, 8,221,887 docs
Market landscape — 10 sub-themes by coverage
Share of Payments coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
RESEARCH SIGNALS · Canada
How research on Digital Payments is moving in Canada
A read on the academic research around Digital Payments — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 183 Canada-affiliated papers.
research sentiment over time
201420222025
enthusiastic · positive · guarded tone
Tone is overwhelmingly optimistic and intensifying — the enthusiastic (strongly-positive) share moved 13% → 19% across 2014–2025.
top research entities
- Bank of Canada41
- University of British Columbia7
- Assumption University7
- Ministry of Health7
- Toronto Metropolitan University6
leading researchers
Prabir K. Neogi · Mark Lokanan · Welte, Angelika · Lu, Zhentong · Francisco Liébana‐Cabanillas · Iviane Ramos de Luna · Francisco Montoro-Ríos · Francisco Rivadeneyra
▲
Breakthroughs25 · 14%
▼ 25%→13% share
▼0.5× share momentum0 median citations60% since 2021mostly methods-led
Payment system breakthrough papers tripled (1->4) even as breakthroughs' field-share halved from 25% to 13%.
rising sub-themes (early→recent)
- Payment system1→4
- Mobile payment3→5
Landmark Machine learning for mobile network payment security evaluation system · 49 cites
◆
Advancements50 · 27%
▲ 0%→27% share
3 median citations60% since 2021mostly empirical
Advancements surged from 0% to 27% field-share, led by Mobile payment papers rising from 7 to 17.
rising sub-themes (early→recent)
- Mobile payment7→17
- Payment system1→4
Newly emergingDatabase transaction 0→8
Landmark ICT, Financial Inclusion, and Growth Evidence from African Countries · 252 cites
▼
Concerns66 · 36%
▼ 50%→36% share
▼0.7× share momentum1 median citations58% since 2021mostly empirical
Payment system concern papers quintupled (3->16) with Market liquidity and Financial inclusion newly emerging risks.
rising sub-themes (early→recent)
- Payment system3→16
- Mobile payment8→11
- Settlement (finance)1→4
- Payment service provider2→4
Newly emergingMarket liquidity 0→6 · Financial inclusion 0→5
Landmark Contextual facilitators and barriers influencing the continued use of mobile payment services in a developing country: i · 149 cites
RESEARCH HOTSPOTS · Canada
Where digital payments 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.
Toronto11 · +0.33
Vancouver10 · +0.10
Ottawa/Kingston8 · +0.06
Montreal7 · +0.39
Waterloo/Hamilton7 · +0.30
Edmonton/Calgary6 · +0.18
PATENT SIGNAL · Canada
Who's filing digital payments patents in Canada
Canada digital payments patent filing is cooling — 221 filings from 112 assignees (2016–2025), led by Canada 10353744, Riavera, JJ Mackay Canada; annual filings 107→3.
221 filings112 assigneespeak 107/yr2016–2025
filing momentum (YoY 2016–2025)
top patent filers
- Canada 10353744136
- Riavera24
- JJ Mackay Canada20
- Itwaru MARK19
- Research IN Motion13
- ROY Matthew11
- Moneris Solutions7
- Instant Financial6
Common questions
How many Payments companies are there in Canada?
Radar tracks 322 indexable Payments companies headquartered in Canada that meet our profile-completeness bar.
What is the total funding raised by Payments companies in Canada?
The Payments companies in Canada on this list have raised a combined $2.8B in disclosed equity funding across 69 funded companies.
Which is the highest-funded Payments company in Canada?
Trulioo is the highest-funded Payments company in Canada, with $477.2M in disclosed equity funding.
How many Payments companies in Canada are funded?
69 of the 322 Payments companies in Canada on this list have disclosed at least one equity funding round.
How many Payments unicorns are there in Canada?
1 Payments company in Canada on this list is valued at $1B or more.
Who are the top investors in Canada Payments companies?
The most active investors in Canada Payments companies on this list include MaRS Discovery District, BDC, Luge Capital, Mistral, Impression Ventures.
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.