Toronto’s 101 Fastest Growing FinTech Startups

At Fintech Energy we track over 200,000 fintech startups and over 1,000,000 people who hold key positions in these companies. We use this directory of startups to highlight top employees, founders and organisations we think deserve more appreciation than they are currently getting.

We’ve ranked the top 101 FinTech companies in Toronto. The companies, startups and institutions listed in this article are all exceptional companies, well worth a follow. We have included links to their websites, socials and CrunchBase (if you’re interested in their financials).

We selected the organisations listed in this article based on:

• Track record
• Executive leadership
• Market share
• Innovation
• ESG rating

Our Data – We source our data from OSINT (open source intelligence) and public directories such as Crunchbase, SemRush and many more. The data from these sources should be treated with a degree of caution and verified yourself.

Top FinTech Companies & Startups (Toronto)

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Wave

Founders	James Lochrie, Kirk Simpson
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Wave offers tailored financial services (payments, payroll) and award-winning free software for small/micro-businesses around the world.

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Newton.co

Founders	Dustin Walper, Erynn Saunders, Tyson Leslie
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Newton.co is a cryptocurrency trading platform that buys and sells Bitcoin and Ethereum instantly from iPhone, Android, or web apps.

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Nest Wealth

Founders	Randy Cass
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Nest Wealth is Canada’s first SaaS-based digital wealth management platform.

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Sensibill

Founders	Corey Gross, Jamie Alexander
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Sensibill makes SKU-level data actionable, equipping financial institutions with insights to help their customers.

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Pluto

Founders	Mohammed Aziz, Mohammed Ridwan, Nayeem Zen
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Unlimited corporate cards with spend controls for businesses in MENA

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Payfare

Founders	Keith McKenzie, Marco Margiotta
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Providing instant payout and digital banking solutions for today’s workforce.

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Moves

Founders	Matthew Spoke
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

A fintech product for the gig economy, and a collective for gig workers

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Planswell

Founders	Eric Arnold, Eric Rogness
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Planswell is on a mission to provide the world’s most actionable financial planning experience to everyone, for free.

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CAARY Capital

Founders	Jason Sawyer, Steve Apostolopoulos
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

CAARY is a digital credit, lending and payments platform, offering a corporate credit card and payments solution.

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Firefly Exchange

Founders	Nikodem Grzesiak, Zabi Mohebzada
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Firefly is a decentralized, orderbook-based exchange with sub-second trade settlement.

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Trolley

Founders	Andreas Farina Vaz, Tim Nixon
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Trolley is the payouts platform for the internet economy.

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Flow Capital

Founders	Steve Parry
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Flow Capital provides founder-friendly growth capital for high-growth companies.

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Quandl

Founders	Abraham Thomas, Tammer Kamel
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Quandl is the premier source for open, commercial, and alternative data, serving investment professionals.

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Bitbuy

Founders	Adam Goldman
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Bitbuy operates as a cryptocurrency trading platform.

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Brim Financial

Founders	Marcius Bansavatar, Rasha Katabi
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Brim Financial is a provider of a credit card infrastructure and digital platform used in users’ payment experience.

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Wealthsimple

Founders	Brett Huneycutt, Michael Katchen, Rudy Adler
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Wealthsimple offers financial tools to help investors grow and manage their money.

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Lydia.ai

Founders	Anthony Lee, Christina Cai, Fedor Suprychev, Kresimir Bojcic
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Lydia AI is on a mission to insure the next billion people by making insurance personalized, easier to buy and more inclusive.

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Ethoca

Founders	Andre Edelbrock, Trevor Clarke
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Ethoca established itself as an innovative, one-of-a-kind global collaboration-based technology services company.

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Livelii

Founders	Adam Roach, Anya Switzer
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Livelii packages and delivers financial, insurance, and business services to independent workers through a rewards driven platform.

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Composer

Founders	Ananda Aisola, Benjamin Paul Rollert
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Composer allows users to build, test, and manage automated investment strategies without writing a line of code.

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Salt Edge Inc.

Founders	Dmitrii Barbasura, Tamara Royz
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

A leader in providing banks, fintechs, lenders, credit bureaus with Open Banking API solutions, connected to 5000+ banks in 50 countries

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nanopay

Founders	Laurence Cooke
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

nanopay empowers businesses and banks to scale with innovative payment and liquidity management products.

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Purefacts Financial Solutions

Founders	Robert Madej
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

A WealthTech100 Company, PureFacts provides global enterprise wealth management and asset management solutions.

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Foxquilt

Founders	Karim Jamal, Mark Morissette, Roshni Wijayasinha
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Foxquilt is an Insurance technology company focused on empowering small businesses and B2B networks to save on Small Business insurance.

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FreshBooks

Founders	Levi Cooperman, Michael McDerment
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

FreshBooks is a software company that provides cloud-based accounting software for small and medium-sized businesses.

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Financeit

Founders	Casper Wong, Michael Garrity, Paul Sehr
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Financeit simplifies complex sales transactions for businesses and their customers.

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Hubdoc

Founders	Jamie McDonald, Jamie Shulman
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Your key financial docs in one place. Automatically.

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Street Contxt

Founders	Blair Livingston
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Street Contxt brings email intelligence to the capital markets.

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Blackspark

Founders	Ray Tavares, Vic Arora
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

We’re building the world’s most advanced tax automation system.

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Dream Payments

Founders	Anant Tailor, Brent Ho-Young, Greg Wolfond, Long Van
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Dream Payments is a fintech platform that enables merchants to sell everywhere using mobile devices.

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Aya

Founders	Chanddeep Madaan, Joanna Armatys
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Aya is a healthcare startup that builds payment tools and programs for employee benefits packages.

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Lemonade Finance

Founders	Olalere Ridwan, Rian Cochran
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Lemonade Finance is a digital bank that enables Africans abroad to send and receive money within minutes.

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Finaeo

Founders	Aaron Alsop, Aly Dhalla, Donald Chu
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Finaeo helps the life insurance industry simplify distribution by automating the front/back-office of today’s complex supply chain.

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BuyProperly

Founders	Khushboo Jha
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

BuyProperly is an AI driven online exchange for fractional real estate investments.

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FlipGive

Founders	Elissa Beckett, Mark Bachman, Nicholas Lee, Steve Croth
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

FlipGive is a team commerce platform that connects merchants & consumers via the youth sports market

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Overbond AI

Founders	Han R, Vuk Magdelinic
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Global AI data-stream for bond trading automation and market signals. Data aggregation, real-time pricing and smart order routing.

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Senso.ai

Founders	Nick Seelert, Saroop Bharwani
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Senso is a fintech startup that uses AI to provide financial institutions with recommendations on how to strengthen client relationships.

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Goldmoney

Founders	James Turk, Josh Crumb, Roy Sebag
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Goldmoney is a financial services group that combines the unique attributes of gold with technology-driven innovation.

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QuadFi

Founders	Manny Nikjoo
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Invisible Credit Group (Millennial & Newcomers) Risk Rating & Lending

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Ledn

Founders	Adam Reeds, Mauricio Di Bartolomeo
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Ledn builds financial products with a mission to help more people save in digital assets

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Corl

Founders	Derek Manuge, Sam Kawtharani
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Corl provides fast, fair, and flexible revenue-based financing to high-growth businesses that operate in the digital economy.

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3Commas

Founders	Yuriy Sorokin
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

3Commas provides a platform for cryptocurrency investors to trade with minimal risks, limit losses, and increase profits.

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Tokens.com

Founders	Andrew Kiguel
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Tokens.com is a PoS technology company that enables investors to invest in digital assets in a simple and secure way.

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Lendified

Founders	Troy Wright
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

The Lendified story begins with a wealth of banking experience, a deep knowledge of the Canadian financial services marketplace.

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Hutsy

Founders	Tefari Bailey
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Hutsy is an online digital banking platform that provides its users with financial, and credit building products.

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Black Banx

Founders	Aby Sousa, Michael Gastauer, Peter Arnold
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Black Banx is digital Bank offering online, real time account opening for Private and Business clients from 180 countries.

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Homewise

Founders	Carlos Medeiros, Jesse Abrams
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Homewise uses machine learning to match and secure clients with their best tailored mortgage options from over 30 banks and lenders.

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Korapay

Founders	Bryan Uyanwune, Dickson Nsofor
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Korapay offers a payment engine that enables local and global businesses to send and accept payments.

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DealMaker

Founders	Mat Goldstein, Rebecca Kacaba
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

DealMaker is a cloud-based platform that drastically eliminates friction in the capital-raising process.

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Borrowell

Founders	Andrew Graham, Eva Wong
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Borrowell offers free credit scores, education, and weekly credit monitoring, as well as innovative financial digital tools.

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Buckzy Payments

Founders	Abdul Naushad
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Buckzy Payments Inc. is a Toronto, CA-based fintech company enabling cross-border real-time payments and Banking-as-a-Service.

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Delphia

Founders	Andrew Peek, Cameron Westland, Clifton van der Linden, Jonathan Briggs
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

We are building the world’s first AI investment strategy that anyone can improve with their data.

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Finneo

Founders	Amar Nijjar, Nolan Apers
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

#1 Tech Enabled Commercial Mortgage Brokerage platformate financing process.

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Merrco Payments

Founders	Abi Roach
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Merrco is helps businesses thrive by bringing seamless, secure payment solutions company.

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Wise Publishing

Founders	Nic Skitt
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Wise Publishing is a personal finance publisher whose popular online properties.

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Vouchr

Founders	Michael Humphries, Robert Balahura, Suresh Bhat
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Vouchr has created an engagement platform focused on the consumer payment experience and digital transactions.

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Doorr

Founders	Abbas Ali, Adam Hijleh, Muhammad Rashid
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Reinventing the home-buying experience.

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Float

Founders	Griffin Keglevich, Rob Khazzam, Ruslan Nikolaev
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Float offers a corporate card and spend management solution that allows corporate cards, reimbursements, approvals, and invoices management.

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Flybits

Founders	Hossein Rahnama
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

The leading digital experience platform for the financial sector, delivering personalized experiences to individuals at scale.

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Zafin

Founders	Al Karim Somji, Anugopal Venugopalan, Dinesh Krishnan
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Zafin is a global enterprise software banking company that enables banks to optimize multiple revenue streams across retail/corporate banks.

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Balance

Founders	Baha Nurlybayev, George Bordianu
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Balance is the safest way to custody, trade, and manage digital assets.

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Docoh

Founders	Dan Zambonini, Rich Robinson
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Professional-quality investment research for the 99%

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Tier1crm

Founders	Mark Notten, Phil Dias
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Tier1crm is a CRM fintech company located in Toronto.

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Cronos Group

Founders	Paul Rosen
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Cronos provides financial services such as medicinal investment and portfolio management.

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WealthAgile

Founders	Ehsan Fazl-Ersi, Timothy Burgess
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

AI-Driven Smart Crypto Platform for Investors

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Fortuna.ai

Founders	Asad Naeem, Omer Jamal
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Fortuna is an AI-powered AUM Growth Platform to help Financial Services firms scale.

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Riskfuel Analytics Inc

Founders	Ryan Ferguson
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Capital Market Fintech

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Portage Ventures

Founders	Adam Felesky, Paul Desmarais III
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Portage Ventures is a global fintech-focused venture capital investor.

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Storspay

Founders	Adebayo Alonge, Dr. Win Min Oo, Sabrina Zhou
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Receive and Send In-Store Payments in Crypto or Fiat

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Dealnet Capital

Founders	Joseph Krimker
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

DealNet Capital services the home and retail sectors providing end-to-end financing plus innovative technology and communication solutions.

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CoinSmart

Founders	Jeremy Koven, Justin D. Hartzman, Michael Koral
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

CoinSmart is a Toronto-based crypto trading platform that allows users to buy, sell, and track their crypto.

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Relay

Founders	Paul Klicnik, Yoseph West
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Relay is a digital bank designed for growing businesses.

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Aspire Financial Technologies Inc.

Founders	David Fry, Mark Lecker
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Toronto-based Financial Technology Company

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Clip Money Inc.

Founders	Daren Trousdell
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Clip Money is the Open Financial Services 
Platform Built for Retail

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Traden, Inc.

Founders	Stefan Katanic
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Traden combines interactive user generated educational content and a social community of trading teams to create the world’s first social tr

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Plooto

Founders	Hamed Abbasi, Serguei Kloubkov
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Plooto is a payment management platform for small and medium-sized businesses that helps to automate and streamlines their payments.

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Migrations.ml

Founders	Duncan Rowland
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Migrations.ml uses machine learning to forecast credit risk.

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knnct

Founders	Chuck Allen, Hamid Jahanzad, Michael Saniga
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

knnct removes friction from the lending process and makes lending faster, easier and far less complicated for everyone involved.

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Fundingportal

Founders	Teri Kirk
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

SaaS, AI, Big Data, govtech, fintech, digital transformation, e-government

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FundThrough

Founders	Deepak Ramachandran, Graham McBride, Steven Uster
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

FundThrough helps small business owners navigate their cash flow challenges with by accessing the working capital in their unpaid invoices.

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Railz

Founders	Derek Manuge, Ron Benegbi, Sohaib Zahid
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Railz is a single API that integrates with the majority of accounting software service providers used by small businesses.

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VersaPay

Founders	Kevin Short, Michael Gokturk, Scott Satov
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

VersaPay is an Fintech company offering an Accounts Receivable Software as a Service solution and Payment acquiring services.

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Breezeful

Founders	Ade Labinjo, Anthony De Guzman
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Breezeful is an online mortgage brokering platform that helps to reduce the mortgage financing.

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Canaccord Genuity Group

Founders	Peter Brown
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Canaccord Genuity is a global, full-service investment bank focused on growth companies.

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Blackwatch Digital

Founders	Christopher McGarrigle
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Blackwatch Digital operates a Crypto security platform called Dark Vault.

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Sun Life

Founders	Matthew Hamilton Gault
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Sun Life Financial provides wealth management, financial security, and stability to its worldwide customer base.

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Bluesky Digital As

Founders	Ben Gelfand
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Bluesky Digital is a digital asset company focused on Digital Mining, E-sports, Fintech, R&D, and Artificial Intelligence.

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GroupPay Inc.

Founders	Sammy Jarquin
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

GroupPay mobile payment aggregator.

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PayBright

Founders	Wayne Pommen
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

PayBright is a FinTech company.

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Fentury

Founders	Dmitrii Barbasura, Lisa Gutu
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Fentury is a money saving assistant app that helps you cut off unnecessary expenses and plan ahead.

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Georgian

Founders	John Berton, Justin LaFayette, Simon Chong
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Georgian is a fintech company that invests in high-growth software companies that harness the power of data in a trustworthy way.

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Micruity

Founders	Chris Livadas, Trevor Gary
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Micruity is the infrastructure powering institutional lifetime income products.

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Flexiti

Founders	Peter Kalen
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Flexiti is a Canadian fintech company.

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Level

Founders	Leeroy Beeby
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Fintech for SMB contractors

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Previance

Founders	Sam Wong
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Financial crimes compliance advisory and automation firm that helps businesses manage risk by embracing digital transformation.

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GreenSky Capital

Founders	Geoff Simonett, Michael T. R. List
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

GreenSky Capital is a venture capital and private equity firm that manages venture capital and provides financial advisory services.

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Equibit Group

Founders	Brent Kievit-Kylar, Chris Horlacher, Christian Saucier, Marc Godard, Nathan Wosnack
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Blockchain solutions for the securities industry

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QUID

Founders	Kevin McCall, Mohit Cheppudira
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

QUID is a micropayment processor that makes it easy to accept online payments as small as a fraction of a penny.

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d1g1t

Founders	Benoit Fleury, Dan Rosen, Philippe Rouanet
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

d1g1t is a digital wealth management platform powered by analytics that offers advanced, transparent portfolio management services.

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Emperor Investments

Founders	Brenna Casserly, Francis Tapon, Tornike Natsvlishvili
Follow	Website, Crunchbase, Twitter, Facebook, Linkedin

Emperor Platform provides the technologies that power the modern financial advisor.

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Benefi

Founders	Patrick Dunn
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Benefi is an employee group benefit that helps individuals escape from consumer debt.