Best RegTech Companies in Canada
The 110 best RegTech companies in Canada in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Trulioo.
Canada's RegTech sector has a funding story worth knowing, and this directory ranks the best RegTech companies in Canada by disclosed equity funding and recent momentum across 110 tracked firms. Total disclosed capital sits at $1.2B, with Trulioo alone accounting for $477M of that, which tells you something about how concentrated the upside gets. Tenet follows at $21M, Zūm Rails at $10M, and Secoda at $16M. One unicorn in the mix. Against a global RegTech market pegged at roughly $8.2B in 2021 and expanding at a 21.18% CAGR, Canada's cluster is small but pulling in a real direction: regulatory management software, compliance auditing tools, and next-gen banking platforms are all heating up this quarter.
The pressure underneath all of this is regulatory complexity compounded by regulatory divergence across jurisdictions, which is exactly the kind of friction that makes compliance tooling a non-optional spend. Globally, that same dynamic is feeding deals like A Cube's EUR 4M raise to scale its e-invoicing platform, and tightening sanctions frameworks are pushing compliance teams toward automated solutions fast. BDC, MaRS Discovery District, and the Canadian Imperial Bank of Commerce are the investors showing up most consistently here. I'd watch that banking-backer pattern closely. It signals where institutional appetite is actually landing.
- MarketsandMarkets
Ranked: Best RegTech companies in Canada
| # | Company | Disclosed funding | Last round | Employees | Founder | Tech stack | Web popularity | 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 | — | WordPressMySQLPHP+18 | Top 5M | 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 | Brendan Brothers Co-Founder | WordPressApple iCloud MailMySQL+33 | Top 5M | 3 patents Anti-fraud analytics for financial transaction monitoring and compliance | 1 partnership |
| 3 | SecureKey Cloud-based identity verification solutions | $71M | 79 mo ago | 116 | — | — | — | 62 patents Secure authentication and credential management for devices and networks | — |
| 4 | Ethoca Fraud protection solutions for omnichannel retailers | $45M | 131 mo ago | 162 | — | DrupalMariaDBPHP+19 | Top 10M | 5 patents Payment fraud detection and transaction rescue solutions for electronic commerce | — |
| 5 | Owl Technologies KYC solutions for banks and insurance companies | $40M | 55 mo ago | 89 | Sean Merat Co-Founder & CEO | Apple iCloud MailGoogle WorkspaceNode.js+25 | Top 10M | — | 2 awards |
| 6 | 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 | — | WebflowHubSpot CMS HubHubSpot+13 | Top 50M | — | — |
| 7 | Mi-Pay Payment gateway service for card-not-present. | $20M | 145 mo ago | 41 | — | — | — | — | — |
| 8 | Secoda Provider of an AI platform for data and analytics solutions | $16M | 33 mo ago | 4 | Etai Mizrahi Co-Founder & CEO | Webflow EcommerceWebflowApple iCloud Mail+20 | Top 5M | — | — |
| 9 | FINCAD Financial analytics and risk management software provider | $12M | 86 mo ago | 106 | Mark D’Arcy President & CEO | — | — | — | — |
| 10 | Zūm Rails Payment gateway and onboarding solutions for businesses | $10M | 27 mo ago | — | Miles Schwartz Co-Founder | WordPressMySQLPHP+36 | Top 5M | — | — |
| 11 | Immervision Provider of end-to-end camera and imaging systems and software | $10M | 82 mo ago | 29 | — | WordPressMySQLPHP+37 | Top 50M | 95 patents Miniature wide-angle optics and computational dewarping for panoramic imaging systems | 2 job openings |
| 12 | QuIC Financial Technologies Risk management and analytics suite | $10M | 245 mo ago | 105 | Nigel Cairns ex-CEO | — | — | — | — |
| 13 | Invixium Biometric systems for access management | $8M | 72 mo ago | 43 43 → 107 (+149%) | Shiraz Kapadia Founder & CEO | WordPressMySQLPHP+35 | Top 10M | — | 1 launch · 1 partnership |
| 14 | LoginID Secure authentication solution using biometrics | $6M | 60 mo ago | 44 | Simon Law CEO | Cart FunctionalityDocusaurusReact+15 | Top 10M | — | — |
| 15 | Uplinq Provider of API-based credit risk signals for banks and credit institutions | $5M | 40 mo ago | 16 | Ron Benegbi Co-Founder & CEO | WordPressMySQLPHP+22 | Top 50M | — | 1 award |
| 16 | BioConnect Provider of multi-modal authentication platform, hardware, and software access control | $4M | 70 mo ago | 31 | — | HubSpot CMS HubApple iCloud MailMicrosoft 365+17 | Top 10M | 21 patents Biometric authentication and secure access‑control communication systems | 1 partnership |
| 17 | Bioscrypt Provider of biometrics based security solutions | $4M | 274 mo ago | — | Pierre Donaldson ex-CEO | — | — | 23 patents Biometric enrollment and secure key‑based access for portable authentication devices | — |
| 18 | VeriFast Platform offering identity verification and authentication services | $4M | 44 mo ago | 20 | Chad Guziewicz Co-Founder | WebflowBootstrapAmazon Web Services+24 | Top 1M | 10 patents Enterprise identity management and data integrity verification platforms | — |
| 19 | Private AI Developer of PII identification, de-identification, and data anonymization software | $3M | 43 mo ago | 31 | Patricia Thaine Co-Founder and CEO | WordPressMySQLPHP+44 | Top 5M | — | — |
| 20 | Fairly Provider of AI governance, risk, compliance management platform for enterprises | $3M | 38 mo ago | 12 | David Bruwaene Co-Founder & CEO | — | — | 6 patents AI/ML model risk management and validation using fuzzy‑logic techniques | — |
| 21 | PitchPoint Solutions Credit risk solutions for lenders | $3M | 63 mo ago | 20 | Stephen Schrump CEO & President | Node.jsZohoTailwind CSS+10 | Top 50M | — | — |
| 22 | Zighra Provider of an AI operating system for cyber and electronic defense | $3M | 114 mo ago | 10 | — | — | — | 43 patents Behavioral biometric authentication and context-aware anomaly detection for secure GNSS communications | — |
| 23 | 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 | — | Node.jsReactNext.js+11 | Top 10M | — | — |
| 24 | Liquid Avatar Identity management solutions for multiple sectors | $2M | 45 mo ago | 24 | — | — | — | — | — |
| 25 | BlackIce Risk Technologies Risk management solution for banks and financial institutions | $2M | 100 mo ago | — | Judy Kalyan CEO & Chairman | — | — | — | — |
| 26 | ClearRisk Web-based Risk management solutions for insurance industries & SMEs | $2M | 156 mo ago | 53 | Icd Craig Rowe President/CEO/Co-founder | HubSpot CMS HubApple iCloud MailGoogle Workspace+18 | Top 10M | — | 1 award |
| 27 | FusionPipe Behavioral biometrics-based user authentication | $2M | 117 mo ago | 12 | — | — | — | — | — |
| 28 | Glowstick AI platform identifies upsell and cross-sell opportunities from customer meeting recordings | $955K | 39 mo ago | 7 | — | — | — | — | — |
| 29 | Active Witness Provider of cloud and AI-based access control systems | $621K | 58 mo ago | 9 | — | — | — | 23 patents Patents concentrated in computing, sensing & instrumentation | — |
| 30 | Neptune Digital Assets Bitcoin mining, decentralized finance, and staking solutions for cryptocurrencies | $494K | 62 mo ago | 3 | Cale Moodie Co-Founder & CEO | WordPressMySQLPHP+25 | Top 10M | — | 1 partnership |
| 31 | INETCO Developer of software for payment fraud prevention and cybersecurity solutions 62Product top 18%AI top 20%Innovation top 23%Talent top 31% All 9 signals ▾Producttop 18% AItop 20% Innovationtop 23% Talenttop 31% Newstop 45% Fundingtop 48% Techtop 50% Marketbottom 34% Globalbottom 29% Product: 4 distinct product lines AI: Classified as an AI company rank vs industry peers · Fliar Intelligence Index 62/100 | $400K | 16 mo ago | 37 | Ugan Naidoo Co-Founder & CTO | WordPressMySQLPHP+23 | Top 50M | — | 2 awards |
Top 12 RegTech companies in Canada
#1
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
#2
Seed · Charlottetown, Prince Edward Island · founded 2020 · 17 employees$2.3Mraised▾
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.
- Apr 2025Seed$4.4M
- May 2022Seed$2.3M
#3
Early Stage · Vancouver, British Columbia · founded 1984 · 37 employees$400Kraised▾
Developer of software for payment fraud prevention and cybersecurity solutions. The company provides tools for real-time fraud detection and blocking, insider fraud prevention, and account takeover fraud prevention. It offers cybersecurity solutions for enterprises, including DDoS attack prevention and bot-driven high-velocity attack mitigation. The company also provides real-time transaction monitoring and payment analytics.
- Jan 2025Unattributed—
- Jan 2025Unattributed$208.6K
- Dec 2024Unattributed$486.9K
- Oct 2021Unattributed$100.5K
#4
Trulioo 🦄Series D · Vancouver, British Columbia · founded 2011 · 412 employees$477.2Mraised▾
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.
- Jun 2021Series D$394M
- Sep 2019Series C$52.9M
- 2018Series B$7.3M
- Dec 2015Series B$15M
#5
Series A · Montreal, Montreal · founded 2020$10.5Mraised▾
Payment gateway and onboarding solutions for businesses. It offers solutions such as payment gateways for online payments, KYC for customer onboarding and risk management, and more. Its features are data integration to built-in products, Interac for bulk transfers, reseller portal for managing reseller services and payments, and more.
- Feb 2024Series A$10.5M
#6
Acquired · Toronto, Ontario · founded 2021 · 4 employees$16.3Mraised▾
Provider of an AI platform for data and analytics solutions. The platform delivers data governance and context across the entire data stack. It offers features such as AI-powered search, data cataloging, data lineage, and data quality monitoring. The platform also provides tools for data documentation, access requests, and policy enforcement.
- Sep 2023Series A$14M
- Oct 2021Seed$2.2M
- Sep 2021Seed$125K
#7
Acquired · St John s, Newfoundland And Labrador · founded 2003 · 32 employees$448.6Mraised▾
Provider of financial crime management solutions for fraud detection and compliance. The company offers tools for anti-money laundering, high-risk customer management, and sanctions screening. It facilitates information sharing and provides resources such as blogs, events, and webinars. The company delivers solutions for fraud detection related to payments, checks, wires, ACH, and online account takeover. It also offers BSA compliance and process automation, including CDD/EDD, CTRs, SARs, and case management.
- Sep 2019Series D$388.6M
- Sep 2019Conventional Debt—
- May 2014Series B$55M
- Sep 2009Series A$5M
#8
Series B · Vancouver, British Columbia · founded 2018 · 89 employees$40Mraised▾
KYC solutions for banks and insurance companies. Offers a chatbot, which is an end-to-end encrypted, zero-knowledge system compliant with all regulations for handling sensitive data. The solution automates and streamlines the KYC process.
- Nov 2021Series B$30M
- 2020Grant (prize money)$3.5M
- Aug 2019Seed$2M
#9
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
#10
Seed · Toronto, Ontario · founded 2021 · 16 employees$5.3Mraised▾
Provider of API-based credit risk signals for banks and credit institutions. It provides users with a platform that offers a solution that enables businesses to obtain credit data and risk signals of small and medium-sized businesses by collecting data points across transactions, payments, and behaviour.
- Feb 2023Seed$600K
- Oct 2022Seed$1.2M
- Apr 2022Seed$3.5M
#11
Seed · Kitchener, Ontario · founded 2020 · 12 employees$3.4Mraised▾
Provider of AI governance, risk, compliance management platform for enterprises. The platform helps establish policies and controls to ensure reliable and secure AI systems. It identifies, assesses, mitigates, and monitors risks throughout the AI system lifecycle. The platform also ensures AI systems adhere to applicable regulations, ethical guidelines, and policies.
- 2023Seed$20K
- Apr 2023Seed$1.6M
- Nov 2022Seed$600K
- Jun 2021Seed$1.1M
#12
Series A · Toronto, Ontario · founded 2019 · 31 employees$3.5Mraised▾
Developer of PII identification, de-identification, and data anonymization software. The company provides tools for identifying and redacting personally identifiable information from various data types. Its technology supports on-premise and cloud deployments. The company's solutions help organizations comply with privacy regulations.
- Nov 2022Series A$8M
- Sep 2021Seed$3.1M
- Seed$120K
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of RegTech 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.