Which Ontario Mobile Payments Startups are Shaping Canada’s Fintech Scene?

Ontario, the largest province in Canada by population, hosts a myriad of innovative startups disrupting the financial technology market. At the heart of this booming Eco-system are mobile payment startups taking advantage of the growing shift towards digitized transactions. Ranging from cryptocurrency giants to platforms with the best rewards for patrons, Ontario has it all. Let’s delve into 15 of these cutting-edge mobile payment startups that are reshaping the digital transaction landscape.


Tango enhances the hospitality industry by providing an innovative technology infrastructure. Co-founders Alan Shortz, Colin Wymore, and Mark Provost began the company to transform the analytics, mobile payments, payments, and transaction processing sectors. They work on machine learning and SaaS to provide seamless payment processing for businesses.

GroupPay Inc.

GroupPay, a mobile payment aggregator, operates in the fintech, hardware, and software sectors. Sammy Jarquin co-founded this platform to streamline finance and facilitate smooth digital transactions for anyone, anytime.


Storspay, founded by Adebayo Alonge, Dr. Win Min Oo, and Sabrina Zhou, is a unique platform that lets users receive and send in-store payments in crypto or fiat currency. Storspay is leveraging blockchain, cryptocurrency, and fintech to change the way we see digital payments.


Fincra provides payment solutions that help businesses securely accept payments, settle transactions, and facilitate cross-border money transfer.


STACK, co-founded by Miro Pavletic, is shifting the parameters of digital banking. It manages money with mobile payment tools and offers instant rewards for transactions, creating a unique blend of banking and mobile payments.


MinervaAI combines deep learning platforms and automation to provide complete AML tasks within seconds. Co-founders Damian Tran, Jennifer Arnold, and Victor Tay engineered the robust regtech platform to simplify compliance for financial services, cryptocurrency, and mobile payment sectors.


The WorkerAppz mobile app offers money transfers, bill payments, and mobile recharge services. It aims at enhancing financial services using mobile applications and technology.


With App8, co-founders Elias Hage and Hani Jabbour offer integrated digital ordering solutions and empower food service brands to reach their full potential with easy mobile payments.


Apaylo, co-founded by Michel Laval and Ryan Yates, specializes in ecommerce, finance, and mobile payment solutions. Its services help in detecting fraud and facilitating transaction processing.


DUC App offers cross-border, local payments, and foreign exchange services. Its platform is built to handle various financial services and mobile payment needs.


Friddy provides a comprehensive financial solution for every type of transaction. Its payment gateway simplifies financial services and digital payments for all users.


Co-founded by Jonathan Lister, Megha Bambra, and Satraj Bambra, BlockEQ operates in the realms of blockchain, cryptocurrency, fintech, and mobile payments. This startup is demonstrating how crypto and digital payments can be intertwined.


HealthBank, founded by Odero Otieno, combines banking, credit cards, and mobile payments to transform healthcare service payments for patients, providers, and insurance carriers alike.

Spinach Pay

Spinach Pay, founded by Chad Agate, is a unique platform for cannabis retailers. It facilitates easy payment methods and maximizes customer convenience in the growing cannabis industry.


Clubly, co-founded by Giancarlo Rosa and Keerththan Gnanachchenthan, redefines the nightlife experience. It combines mobile advertising, mobile payments, and the internet to enhance the user experience and provide an ultimate guide to the city’s nightlife.

From facilitating payments in the hospitality and health sectors to reshaping nightlife through mobile payments, these startups are leading the charge in digital transactions, demonstrating the limitless possibilities in mobile payment solutions.

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CanadaVenture.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.