Industry landscapes
The companies, capital and talent shaping financial services in Toronto. Find the leaders. Understand the segments. See where the activity is.
An industry ecosystem,
measured in context.
24 featured companies from the funding, hiring, revenue and team-size leaderboards.
Locked revenue figures are available in Radar; the eight company financial previews stay the same throughout this page. A dash means the figure is outside these featured lists. Revenue years vary by company; the figures are not a like-for-like revenue comparison. Compare annual accounts ↗
Recently founded means a recorded 2023–2026 founding year and no recorded parent, acquirer or public-company status. These companies are not labelled startups without that separate classification.
Explore classified startups in Radar ↗A few useful ratios bring the size of this ecosystem into perspective.
115 of 1,031 tracked companies have open roles.
54 of 1,031 tracked companies have a recorded round.
Share of disclosed capital received by the three largest recorded recipients.
Midpoint of 131 rounds with a disclosed amount.
Scale is concentrated. Opportunity is broader. The three largest funding recipients hold 65.3% of disclosed capital, while 94.8% of tracked companies have no recorded funding round.
Explore the segments →Recorded company formation and disclosed funding across the complete annual series shown.
Sum of recorded funding rounds · USD
| Year | Funding (USD) | Founded | Raising |
|---|---|---|---|
| 2016 | $124.85M | 51 | 3 |
| 2017 | $298.98M | 45 | 9 |
| 2018 | $795.34M | 54 | 6 |
| 2019 | $97.73M | 50 | 6 |
| 2020 | $262.4M | 52 | 8 |
| 2021 | $955.25M | 29 | 11 |
| 2022 | $44.17M | 15 | 4 |
| 2023 | $70.22M | 14 | 6 |
| 2024 | $209.42M | 9 | 15 |
| 2025 | $994.66M | 1 | 18 |
Share of all disclosed company funding.
143 recorded rounds since 2016
Recorded participation in financial services company rounds since 2016.
Backed by ManchesterStory Group and Slauson and others.
Backed by .
Backed by Meritech and Greylock Partners and others.
Backed by GIC and Dragoneer Investment Group and others.
Backed by TCV and Greylock Partners and others.
Backed by Allianz X and Power financial.
Backed by Power financial.
Backed by Allianz X.
Backed by Power financial.
Backed by Power financial.
Backed by Alberta Blue Cross and Securian Canada.
Backed by Power financial.
The measured Canada identity-to-filing probe did not produce a qualifying designated legal or national-ID join: world_filings_distributed exposes no reviewed Canadian national-ID key; none of the designated Canadian identities carried a CIK.
How the Toronto companies on this page show up online: the sites people visit, the apps they install, and how often those apps ship.
24 of the 1,031 companies on this page carry a measured traffic record (2.3%); these are the largest of those, by monthly visits. The median among them is 557,375 visits.
| Company | Monthly visits | Authority | Mobile |
|---|---|---|---|
| BMObmo.com | 16,521,803 | 71 | 55.7% |
| Scotiabankscotiabank.com | 14,557,368 | 70 | 51.6% |
| Canadian Imperial Bank of Commercecibc.com | 12,040,005 | 67 | 44.4% |
| Wealthsimplewealthsimple.com | 8,595,412 | 66 | 31.4% |
| Royal Bank of Canadarbc.com | 3,455,367 | 55 | 27.7% |
| PC Financialpcfinancial.ca | 3,364,704 | 49 | 62.7% |
| Simpliisimplii.com | 2,833,970 | 51 | 55.8% |
| Canada Lifecanadalife.com | 2,460,803 | 57 | 58.1% |
| Sun Life Financialsunlife.com | 2,007,007 | 51 | 46.4% |
| Manulifemanulife.com | 1,051,893 | 44 | 39.6% |
Visits and authority are third-party web estimates, not company-reported figures.
34 of these companies (3.3%) publish at least one Android app — 58 apps in all, carrying 36M installs between them.
| App | Installs | Rating | Store category |
|---|---|---|---|
| CIBC Mobile Banking®Canadian Imperial Bank of Commerce | 7.3M | 3.9 | Finance |
| Scotiabank Mobile BankingScotiabank | 5.1M | 4.7 | Finance |
| BMO CanadaBMO | 4.4M | 4.3 | Finance |
| Wealthsimple - Grow your moneyWealthsimple | 3.3M | 3.3 | Finance |
| Capital One CanadaCapital One | 2.5M | 4.7 | Finance |
| Scotia CaribbeanScotiabank | 1.7M | 4.8 | Finance |
| BMO Digital BankingBMO | 1.7M | 4.6 | Finance |
| PC Financial MobilePC Financial | 1.5M | 4.2 | Finance |
| Simplii FinancialSimplii | 1.5M | 3.9 | Finance |
| Intact Insurance: Mobile appIntact | 1.3M | 3.5 | Finance |
Installs are lifetime totals to date at the June 2026 store reading — a measure of reach, not of people using an app today.
The busiest app inside each of this page’s own segments, with the quarterly release trend behind it (2023Q1–2026Q1).
| Segment | Apps | Installs | Leading app | Release trend |
|---|---|---|---|---|
| Banks | 31 | 30.8M | CIBC Mobile Banking® 7.3M | |
| Asset Management | 22 | 3.7M | My Canada Life at Work 1.2M | |
| Investment Tech | 2 | 3.3M | Wealthsimple - Grow your money 3.3M | |
| Insurance Carriers | 6 | 3M | Intact Insurance: Mobile app 1.3M | |
| Insurance Distribution | 3 | 2.2M | belairdirect digital insurance 877.1K | |
| Services For Investment Industry | 4 | 18K | Scotia Wealth Management® 16.8K |
A company can carry several segment tags, so these rows overlap and should not be added together. Trend lines are zero-based and share one quarter grid, so a flat line is a quiet segment, not a missing one.
New apps published, beside apps whose most recent update landed in that quarter — the second bar is how much of the shelf is still being maintained.
Darker bars are new releases, lighter bars apps updated. 46 of 58 apps carry a release date. The series ends at 2026Q1, the last quarter that closed before the June 2026 reading.
Explore the segments behind the headline numbers.
Rank segments by scale, hiring or disclosed funding.
Companies can sit in several segments. Counts and funding overlap.
The largest measured segment in this report snapshot.
7 companies hiring · $421.1M disclosed funding
Explore in RadarCommon revenue models; a company can use more than one.
Recorded corporate activity linked to companies in this landscape.
Royal Bank of Canada raised its stake in Viking Therapeutics by 13.0% in the 1st quarter.
Baker McKenzie is representing TMX Group Limited (TMX) on its proposed acquisition of Cboe Australia.
Choice Properties REIT announced that they have agreed to acquire First Capital REIT in a unit and cash transaction valued at approximately C$9.4 billion ($6.9 billion, including the assumption of certain debt.
Phocas Financial Corp. acquired a new stake in Commercial Bancgroup, Inc. (NASDAQ:CBK – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission.
In 2008, OMERS acquired Teranet for $2-billion.
8 minutes ago Spain’s Cellnex is in talks to sell its stake in its Swiss unit to Toronto-listed Manulife Financial Corporation’s investment management unit, according to two sources with knowledge of the situation.
Lahontan Gold Corp. (TSXV: LG,OTC:LGCXF) (OTCQB: LGCXF) (FSE: Y2F) (the “Company” or “Lahontan”) is pleased to announce that, further to its press releases of March 12, 2026, March 17, 2026, March 20, 2026, March 24, 2026 and April 2, 2026, it has closed the final tranche of its non-brokered… for an aggregate of $13.6M.
Accord Financial has exited the U.S. asset-based lending business via the sale of the loan portfolio of its Greenville, SC-based U.S. subsidiary to a U.S.-based independent finance company.
Burgundy Asset Management Ltd. now owns 2,378,968 shares of the financial services provider’s stock worth $56,643,000 after acquiring an additional 31,922 shares during the last quarter.
folding BGO together with Bell Partners, the U.S. multifamily operator it recently agreed to acquire.
Top 10 categories among 1,487 recorded events in the 24-month window.
3 companies with recorded IPO activity
IPO activity2 reports
IPO · Nasdaq Stock Market LLC1 reports
IPO · NASDAQ1 reports
88 tracked people moves
Appointment Process Development Study Lead
Appointment Chief Product and Technology Officer
Appointment Senior Wealth Advisor
Appointment Chief Investment Officer
Appointment Director
Appointment Director
Appointment Director
Appointment Chief Financial Officer
Products, platforms and features in the recorded window
Equity Plan
Financial Disclosure Document
Enterprise AI Platform
Financial Derivatives
Life Insurance
AI foundation model
ETF
Insurance Claims Portal
52 recorded customer wins
Customer: Battery X MetalsTechnology
Customer: planet venturesFinance
Customer: Québec Innovative Materials Corp.
Customer: pharmacorp
Customer: foran miningMining
Customer: lara explorationFinance
5 companies with reported reductions
678 rolesoperational efficiency
Scale not stated rolesbusiness restructuring
2.5% rolescost containment
50 rolesefficiency push
Scale not stated rolesstrategic alignment
48 recorded events
admitted to Official ListFinancial Conduct Authority (FCA)
approved as Organised Market PlaceEuropean Union Agency for the Cooperation of Energy Regulators (ACER)
approved for construction
acceptedToronto Stock Exchange
13 tracked suits
Terminated lease unpaid rentCivil · Ongoing
unpaid rentCivil · Ongoing
Reported company results in the recorded window.
Median across 165 reported growth observations; companies may contribute multiple periods.
Company-linked deal reports; status is preserved as recorded.
| Acquirer → target | Status | Date | Value / context |
|---|---|---|---|
| Royal Bank of Canada→bank of america | Rumored | 2026-05-17 | $2.0B |
| Royal Bank of Canada→viking therapeutics | Completed | 2026-05-04 | $8.4M |
| TMX Group→cboe australia | Announced | 2026-04-27 | Not stated in snapshot |
| eqb→PC Financial ↗ | 2026-04-24 | Not stated in snapshot | |
| TMX Group→cboe global markets | Announced | 2026-04-23 | $300.0M |
| TMX Group→Cboe Canada | Announced | 2026-04-22 | Not stated in snapshot |
A discussion or rumour is not a completed transaction. An unstated value is not zero.
13,743 postings in the preceding 12 months. The full 22,826-posting snapshot covers 108 employers.
102 tracked postings mention remote work.
8,224 postings specify a level.
Top skills across 22,826 tracked postings in the available jobs snapshot.
Median across 2,724 postings with pay data, expressed in USD.
Advertised posting medians do not describe all employees or roles.
| Company | Employees |
|---|---|
| Royal Bank of Canada ↗ | 79,308 |
| Fairfax Financial Holdings ↗ | 38,040 |
| Manulife ↗ | 34,000 |
| Sun Life Financial ↗ | 21,495 |
| BMO ↗ | 16,217 |
| Intact Ventures ↗ | 13,000 |
| Canada Life ↗ | 12,000 |
| PolicyMe ↗ | 2,802 |
346 founders and chief executives across 285 companies.
Co-Founder Simple Ventures, Intact, ex-Ancestry, 1000memories, McKinsey. Western University
Ex-CEO Canadian Real Estate.
Ex-CEO Element Financial, Founder Cameron Capital, Founder & CEO Newcourt Credit Group, York University BBA 1981
HR REIT, ex-FrontFour Real Asset Alternatives, CIBC Capital Markets, Raymond James Financial, The Altus Group. McMaster University BTech & MBA…
ex-GMP Private, ScotiaMcLeod. University of Guelph BA 1990.
Ex-Evercore Partners.
Starlight Investments, TSXV-listed Starlight U.S. Multi-Family (No. 1) Value-Add Fund…
Base Carbon, ex-Goldmoney, ex-Goldman Sachs, Colorado School of Mines, 2003
Surety Association of Canada.Carleton University BA
Ex-World Economic Forum, Oliver Wyman, TEDxAlgonquinPark, Munich Re, Manulife Financial. University of Waterloo 2013
Managing Director - Sprott Asset Management. Korea University Bachelor of Business Administration 2006
Ex- Mulvihill Capital Management, CT Investment Counsel. University of Toronto Bachelor of Commerce 1992
44 profiles with education records.
9 profiles with prior-work records.
Profiles cover recorded founders and leaders; contact details remain in Radar.
73,794 articles in the measured 12-month window.
Financial Services coverage tagged Toronto · articles per complete quarter
| Quarter | Articles |
|---|---|
| 2021Q2 | 20,356 |
| 2021Q3 | 20,191 |
| 2021Q4 | 15,136 |
| 2022Q1 | 19,730 |
| 2022Q2 | 20,609 |
| 2022Q3 | 18,869 |
| 2022Q4 | 19,870 |
| 2023Q1 | 18,718 |
| 2023Q2 | 21,642 |
| 2023Q3 | 20,547 |
| 2023Q4 | 19,528 |
| 2024Q1 | 23,978 |
| 2024Q2 | 25,000 |
| 2024Q3 | 23,640 |
| 2024Q4 | 25,404 |
| 2025Q1 | 31,072 |
| 2025Q2 | 21,535 |
| 2025Q3 | 25,822 |
| 2025Q4 | 15,845 |
| 2026Q1 | 17,726 |
Article volume measures coverage, not market sales.
2,082 recorded company events across 82 companies; percentages use that event total.
Financial Services coverage tagged Toronto · ranked by full-period article count.
Recent and prior counts use the source comparison windows.
Canada comparison coverage
| Keyword | Recent | Prior | Change |
|---|---|---|---|
| stock price | 1,342 | 920 | 46% |
| mlb team standings | 1,130 | 617 | 83% |
| mlb team strategies | 1,089 | 721 | 51% |
| multilateral diplomacy | 1,072 | 734 | 46% |
| mlb player performance | 1,065 | 753 | 41% |
| angel investors | 1,035 | 397 | 161% |
| investment deal | 937 | 482 | 94% |
| ice sports | 912 | 240 | 280% |
| wto rulings | 757 | 394 | 92% |
| share price | 732 | 475 | 54% |
| tariff negotiations | 6,321 | 15,353 | -59% |
| free trade deals | 3,141 | 6,398 | -51% |
| trade dispute mechanisms | 2,936 | 4,670 | -37% |
| bilateral trade | 1,921 | 3,514 | -45% |
| preferential tariff | 1,291 | 3,319 | -61% |
Canada comparison coverage
tariff negotiations, free trade deals, trade dispute mechanisms
35.1% critical · 34.9% positiveangel investors, investment deal, inflation reports fx
27.8% critical · 42.1% positiveleague expansion news, nba expansion teams, earnings report
26.4% critical · 46.0% positiveFinancial Services coverage tagged Toronto. Topic labels describe recorded classifications and can include broad context.
Clear definitions for making better comparisons.
It measures the tracked company ecosystem, recorded funding, hiring and other available evidence. It is not a market-size estimate.
No. A company can belong to several segments, so segment counts and funding can overlap.
A dash or unavailable panel means the current reviewed source snapshot does not support that figure.
Company ecosystem snapshot: 31 August 2026. Funding is recorded in USD; filed accounts retain their stated currency and reporting basis. Each section identifies its own coverage. The news and research behind these sections is explorable in Prism.
Canonical landscape ↗