Top 10 Fintech Companies In Canada (2024)

What are the top ten fintech companies in Canada today?

Canada’s fintech industry has been expanding quickly and is now a crucial component of the national economy. Any technology that is used to improve or automate financial services is referred to as fintech, which stands for financial technology.

The industry has increased significantly over time, notably between 2019 and 2023, with predictions of a total transaction value of $24.6 billion by 2023, up from US$11.8 billion in 2019.

It can be challenging to keep track of which of the many fintech businesses in the nation are setting the standard for their particular industries.

Fintech companies
Fintech companies in Canada

We’ve produced a list of the top 10 fintech companies in Canada for this year to assist you. Below this paragraph, you’d find information regarding the top ten fintech companies in Canada today

Top Fintech Companies in Canada

The top ten fintech companies in Canada today are:

KOHO Financial

The way Canadians handle their financial resources is being redesigned by the digital banking platform KOHO.

The business provides a variety of financial goods and services, such as a high-interest account for savings, a no-fee cashback credit card, and instruments for budgeting.

Additionally, KOHO provides consumers with a premium membership service that includes more features and better payback rates.


The business was established in 2014, and since then, it has grown to become one of Canada’s top digital lending platforms. Personal loans as well as credit reports are available through the internet borrowing portal Borrowell.

The Borrowell credit report service offers free access to customers’ credit scores as well as tailored advice on how to raise them.

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The current CEO, Julien Brault, co-founded Hardbacon in 2017 as an all-encompassing resource for all choices regarding finances and other related resources.

The app gives you all the resources you need to organize your finances, create a budget, make investments, and find the best financial options for you.

Hardbacon functions as a planning tool where you may add financial objectives and materialize your aspirations. It also functions as a budgeting tool that enables you to keep tabs on your financial activities.


In Canada’s fintech landscape, Wealthsimple has been making headlines. Since its establishment in 2014, the business has expanded to rank among the top digital investment platforms in the nation.

ETFs, equities, and cryptocurrencies are just a few of the many financial products that Wealthsimple has to offer. The business also provides a cash management account and a high-interest savings account.

Fintech companies in Canada
Fintech companies in Canada


Sensibill is a software for managing digital receipts that aid users in keeping track of their spending. Sensibill also interfaces with a number of well-known banking apps, making it a simple option for controlling spending.

The program automatically extracts information from receipts and classifies expenses, making it simple for users to keep track of their spending.


Questrade is a haggle brokerage and advisory company that provides a selection of investment products, such as ETFs, stocks, and bonds.

The platform is an increasingly common choice for Canadians looking to make investments with their money because of its minimal costs and layout that is simple to navigate.


With the help of Coinsquare, customers may purchase and sell a variety of cryptocurrencies, including Litecoin, Ethereum, and Bitcoin.

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The business provides a straightforward and user-friendly trading interface, making it a well-liked option for Canadians wishing to invest in cryptocurrencies.


By providing loans to small enterprises that sell to larger corporations, they are able to do this. In other words, they give business owners cash while they wait for their clients to make payments.

Through the use of technology, FundThrough is also able to accept new clients rapidly and give their clients access to the money they require. Small entrepreneurs can overcome their cash flow difficulties with the aid of the fintech startup FundThrough.


A platform for Internet banking created exclusively for owners of small businesses is called NorthOne. Invoicing, spending tracking, and a no-fee savings account are just a few of the financial capabilities available on the platform. To assist business owners in managing their finances, NorthOne also provides a specialized support team.


An insurtech company called Zensurance provides a selection of commercial insurance solutions. To deliver tailored insurance solutions based on a business’s particular needs, the company leverages AI and machine learning.


These are a mere representation of the numerous fintech businesses that will be active in Canada today. We can anticipate even more ground-breaking approaches to assisting Canadians in managing their finances as the sector continues to expand.

There is probably a fintech firm out there that can fulfill your demands, regardless of whether you’re searching for a digital banking solution, an investment platform, or a tool to manage your costs. With so many alternatives, it’s crucial to conduct your research and identify a business that supports your financial objectives and principles.

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