Canadian Finance Goes High-Tech: Discover the Top 15 Startups

Canada is quickly becoming a hub for innovative financial startups that offer a wide range of services to both individuals and businesses. From automated investment strategies to insurance claims monitoring platforms, these startups are revolutionizing the financial services industry. In this article, we will showcase and explain 15 interesting finance startups in Canada that are changing the game.

Float: Corporate Card and Spend Management Solution

Float offers a corporate card and spend management solution that allows corporate cards, reimbursements, approvals, and invoices management. Founded by Griffin Keglevich, Rob Khazzam, Ruslan Nikolaev, Float provides accounting, credit card, finance, financial services, fintech, and software services.

WonderFi: Better Access to Financial Services through DeFi

WonderFi is a technology company that provides individuals with better access to financial services through DeFi. Founded by Ben Samaroo, Cong Ly, and Dean Sutton, WonderFi offers Bitcoin, blockchain, Ethereum, finance, information technology, and software services. Enhancing Portfolio Management Outcomes through AI is an artificial intelligence company that enhances portfolio management outcomes for the global financial industry. Founded by Jonathan Dorando and Joshua Pantony, offers artificial intelligence, finance, machine learning, software, and wealth management services.

PolicyMe: Life Insurance Made Easy

PolicyMe provides an easy and hassle-free way to get life insurance. Founded by Andrew Ostro, Jeff McKay, and Laura McKay, PolicyMe offers education, finance, insurance, life insurance, and personal finance services.

Composer: Automated Investment Strategies without Writing Code

Composer allows users to build, test, and manage automated investment strategies without writing a line of code. Founded by Ananda Aisola and Benjamin Paul Rollert, Composer offers finance, financial services, and fintech services. Insurance Claims Monitoring Platform

Owl is an insurance claims monitoring platform that detects non-eligible claims through evidence and facts with an audit trail. Founded by Sean Merat, Sohrab Merat, and Vahid Mirjalili, Owl offers banking, big data, finance, financial services, fraud detection, insurtech, and software services.

ClearEstate: One-Stop-Shop for Estate-Related Services

ClearEstate provides helpful and caring guidance to executors by acting as a one-stop-shop for all estate-related services. Founded by Alexandre Gauthier, Davide Pisanu, and Pascal Brisset, ClearEstate offers finance, financial services, and property management services.

Walnut Insurance: Life Insurance Premium Membership

Walnut Insurance offers a premium membership for life insurance that includes affordable plans, instant coverage, and exciting member benefits that you can use now. Founded by Adrien Niblock and Derek Szeto, Walnut Insurance offers embedded software, finance, financial services, fintech, insurance, and life insurance services.

Payday: Global Payment Solutions

Payday is a fintech platform that offers global payment solutions such as virtual mastercards and foreign employee payments. Founded by Favour Ori, Payday offers finance, financial services, fintech, and payments services.

Pine: Digital Mortgage Company

Pine is a Canadian digital mortgage company founded by a team of experienced mortgage and technology professionals with a mission to simplify the home buying process. Pine offers a fully digital mortgage application process with a user-friendly interface, providing customers with a faster, easier, and more transparent mortgage experience.

Flahmingo: Investment App for Retail Investors

Flahmingo is an investment app for retail investors to begin investing commission-free using fractional shares starting at $1. Founded by Gio L. Moros, Kunal Seth, and Taran Singh Kainth, Flahmingo offers finance, financial services, fintech, and information technology services.

Passiv: Wealth Automation for Self-Directed Investors

Passiv offers wealth automation for self-directed investors. Manage all your investments from a single dashboard and leave the tedious things to Passiv. Founded by Brendan Lee Young and Brendan Wood, Passiv offers cryptocurrency, financial services, fintech, impact investing, personal finance, software, and wealth management services.

Neo Financial: Spending, Savings, and Rewards Programs

Neo Financial is a fintech company that provides spending, savings, and rewards programs. Founded by Andrew Chau, Jeff Adamson, and Kris Read, Neo Financial offers finance, financial services, and fintech services.

NetNow: Checkout Platform for B2B Payments

NetNow develops a checkout platform for B2B payments that allows merchants to verify and approve their customers for credit accounts. Founded by Eli Costea, Nauman Hafeez, and Soroush Arghavan, NetNow offers developer APIs, finance, financial services, fintech, and payments services.

Hardbacon: Helping Canadians Make Better Financial Decisions

Hardbacon is a Canadian fintech startup founded by Julien Brault in 2017 with a mission to help Canadians make better financial decisions. Hardbacon offers a suite of innovative financial tools and resources to help Canadians manage their finances, including a mobile app that allows users to track their spending, investments, and credit score all in one place.


These 15 finance startups in Canada are changing the game when it comes to financial services. From automated investment strategies to insurance claims monitoring platforms, these startups are making financial services more accessible and hassle-free. Whether you’re an individual or a business owner, there’s a startup on this list that can help you make better financial decisions. Keep an eye out for these innovative companies as they continue to shape the financial industry in Canada and beyond.

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Canada Venture News is a Canadian venture magazine that covers startups, business, technology, and innovation in Canada. The online publication provides news, insights, and resources for entrepreneurs, investors, and business professionals, featuring articles, interviews, and analysis of the latest trends and developments in the Canadian startup ecosystem.