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These are the Best Banking Companies and Startups in Canada (2021)

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This article showcases our top picks for the best Canada based Banking companies. These startups and companies are taking a variety of approaches to innovating the Banking industry, but are all exceptional companies well worth a follow.

We tried to pick companies across the size spectrum from cutting edge startups to established brands.

We selected these startups and companies for exceptional performance in one of these categories:

  • Innovation
    • Innovative ideas
    • Innovative route to market
    • Innovative product
  • Growth
    • Exceptional growth
    • Exceptional growth strategy
  • Management
  • Societal impact

Top Canada Banking Companies

Data sourced from Crunchbase and SemRush.

Relay

Relay

Crunchbase Website Twitter Facebook Linkedin

Relay is a digital bank designed for growing businesses.

Tier1 Financial Solutions

Tier1 Financial Solutions

Crunchbase Website Twitter Facebook Linkedin

Tier1 Financial Solutions is a provider of client relationship management (CRM), KYC & AML compliance, and fraud prevention solutions.

Sensibill

Sensibill

Crunchbase Website Twitter Facebook Linkedin

Sensibill is a digital receipts ecosystem that allows customers to access receipts directly from bank accounts.

RBC Capital

RBC Capital

Crunchbase Website Twitter Facebook Linkedin

Royal Bank of Canada is a financial services company that focuses on banking, wealth management, insurance, investment, and capital markets.

Finn AI

Finn AI

Crunchbase Website Twitter Facebook Linkedin

Finn AI provides AI-powered conversational banking technology for personal banking and finance.

Zafin

Zafin

Crunchbase Website Twitter Facebook Linkedin

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

Brim Financial

Brim Financial

Crunchbase Website Twitter Facebook Linkedin

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

Moka

Moka

Crunchbase Website Twitter Facebook Linkedin

Moka (previously Mylo) is Canada’s #1 saving and investing app.

Salt Edge Inc.

Salt Edge Inc.

Crunchbase Website Twitter Facebook Linkedin

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

FISPAN

FISPAN

Crunchbase Website Twitter Facebook Linkedin

Fintech Service Management for Financial Institutions

Instant Financial

Instant Financial

Crunchbase Website Twitter Facebook Linkedin

Instant is an Employee Financial Wellness platform that provides employees timely and free access to their earned income.

Owl.co

Owl.co

Crunchbase Website Twitter Facebook Linkedin

Owl is a data aggregator/analyzer that helps Financial Institutions know their customers like never before.

BlocPal International Inc.

BlocPal International Inc.

Crunchbase Website Twitter Facebook Linkedin

BlocPal is a digital transaction solutions provider delivering a suite of integrated financial services and applications to our partners.

TickSmith

TickSmith

Crunchbase Website Twitter Facebook Linkedin

TickSmith provides a cloud-based Enterprise Data Web Store that enables firms to monetize their data

Lendified

Lendified

Crunchbase Website Twitter Facebook Linkedin

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

Payment Rails

Payment Rails

Crunchbase Website Twitter Facebook Linkedin

Payment Rails is an API first payouts platform for businesses and platforms to pay on-demand workers globally.

Progressa

Progressa

Crunchbase Website Twitter Facebook Linkedin

Millions of Canadians have had their credit rating impacted by overdue bills and items that have gone to collections.

NextBlock Global

NextBlock Global

Crunchbase Website Twitter Facebook Linkedin

A digital asset investment company.

Black Banx

Black Banx

Crunchbase Website Twitter Facebook Linkedin

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

First Mining Finance

First Mining Finance

Crunchbase Website Twitter Facebook Linkedin

First Mining Finance is a development company with a diversified portfolio of gold projects.

CGI

CGI

Crunchbase Website Twitter Facebook Linkedin

CGI is a canada-based information technology consulting, systems integration and outsourcing company.

CIBC

CIBC

Crunchbase Website Twitter Facebook Linkedin

Canadian Imperial Bank of Commerce is a Canadian financial institution that provides its clients with banking services.

Ario Platform

Ario Platform

Crunchbase Website Twitter Facebook Linkedin

Ario Platform is a modern digital banking platform built for enterprises.

PitchPoint Solutions

PitchPoint Solutions

Crunchbase Website Twitter Facebook Linkedin

PitchPoint Solutions is a leading provider of fraud prevention services with the systems, people and experience to quickly validate loan

Scotiabank

Scotiabank

Crunchbase Website Twitter Facebook Linkedin

Scotiabank offer personal, commercial, corporate & investment banking products and services.

Mosaic Capital Corporation

Mosaic Capital Corporation

Crunchbase Website Twitter Facebook Linkedin

Mosaic Capital Corporation is an investment company based in western Canada that owns a portfolio of established businesses operating.

Home Capital Group

Home Capital Group

Crunchbase Website Twitter Facebook Linkedin

Home Capital is a holding Company.

National Bank of Canada

National Bank of Canada

Crunchbase Website Twitter Facebook Linkedin

National Bank of Canada is a bank to provide financial services to consumers and businesses.

Every

Every

Crunchbase Website Twitter Facebook Linkedin

Every is a bank account designed for online businesses.

Bank of Montreal (BMO)

Bank of Montreal (BMO)

Crunchbase Website Twitter Facebook Linkedin

Bank of Montreal, a financial services provider, offers retail banking, wealth management and investment banking products and solutions.

Fostrum

Fostrum

Crunchbase Website Twitter Facebook Linkedin

Modern Money Management for Online Creators, Hustlers and Soloprenuers | A Techstars Backed Company

Caary Capital

Caary Capital

Crunchbase Website Twitter Facebook Linkedin

Caary is a digital lending and payments platform targeting the SME space including startups.

Emperor Investments

Emperor Investments

Crunchbase Website Twitter Facebook Linkedin

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

Bond Capital

Bond Capital

Crunchbase Website Twitter Facebook Linkedin

Bond Capital provides private debt, equity, and other structured junior credit financing solutions to mid-market businesses.

Waleteros

Waleteros

Crunchbase Website Twitter Facebook Linkedin

One-stop-shop Mobile Banking solution addressing the very specific needs of the 20M+ unbanked and under-banked US Hispanics.

HomeEquity Bank

HomeEquity Bank

Crunchbase Website Twitter Facebook Linkedin

The first canadian bank and is the only provider exclusively focused on reverse mortgages for homeowners aged 55 and over

SmartPay Me

SmartPay Me

Crunchbase Website Twitter Facebook Linkedin

White-Label Mobile Instant Checkout (EMV/SCA/PSD2/PISP/TISP) solution with Biometry for banks & retailers, disrupting payments cards rails

Quinsam Capital

Quinsam Capital

Crunchbase Website Twitter Facebook Linkedin

A merchant bank based in Canada and operating internationally.

Tangerine Bank

Tangerine Bank

Crunchbase Website Twitter Facebook Linkedin

Tangerine Bank known as the bank that helps Canadians save their money.

STACK

STACK

Crunchbase Website Twitter Facebook Linkedin

STACK delivers a smarter way to spend, save and share your money, straight from your mobile and fee-free, like it should be.

Payfare

Payfare

Crunchbase Website Twitter Facebook Linkedin

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

BMO Corporate Banking

BMO Corporate Banking

Crunchbase Website Twitter Facebook Linkedin

BMO Capital Markets is a financial company by BMO Financial Group for the wholesale banking businesses of Bank of Montreal.

Toronto Dominion Bank Group

Toronto Dominion Bank Group

Crunchbase Website Twitter Facebook Linkedin

Toronto Dominion Bank Group offers a full range of financial products and services.

AcceptLocal

AcceptLocal

Crunchbase Website Twitter Facebook Linkedin

A powerful turnkey platform providing customer management, fraud prevention and real-time end-to-end funds transferring solutions.

Intercap

Intercap

Crunchbase Website Twitter Facebook Linkedin

Intercap Inc. is a merchant bank based in Toronto, Canada.

Duo Bank of Canada

Duo Bank of Canada

Crunchbase Website Twitter Facebook Linkedin

Duo Bank is a Canadian Bank founded on a mission to provide value-driven financial products that are clear and simple.

Boss Insights

Boss Insights

Crunchbase Website Twitter Facebook Linkedin

Your Business Customers’ Financial Data… In Minutes

BCI

BCI

Crunchbase Website Twitter Facebook Linkedin

BCI offers investment management services that help clients generate investment returns, be financially secure while protecting their funds.

Desjardins Group

Desjardins Group

Crunchbase Website Twitter Facebook Linkedin

Largest cooperative financial group in Canada

Interac

Interac

Crunchbase Website Twitter Facebook Linkedin

Interac is a provider of financial banking and debit card services.

VoPay

VoPay

Crunchbase Website Twitter Facebook Linkedin

VoPay is a leader in payment innovation, digitizing online bank account payments with speed and transparency.

The Plastic Bank

The Plastic Bank

Crunchbase Website Twitter Facebook Linkedin

The Plastic Bank is globally recognized as one of the most important solutions to stop Ocean plastic.

DBRS

DBRS

Crunchbase Website Twitter Facebook Linkedin

DBRS is an independent, privately held, globally recognized credit ratings agency.

Nava Ventures

Nava Ventures

Crunchbase Website Twitter Facebook Linkedin

Nava Ventures is a SaaS company that offers an ecosystem of socially responsible fintech products.

Spend

Spend

Crunchbase Website Twitter Facebook Linkedin

Spend develops a universal bank account that merges cryptocurrency seamlessly to fiat.

HealthBank

HealthBank

Crunchbase Website Twitter Facebook Linkedin

The leading consumer & enterprise healthcare payments infrastructure for patients, providers, pharmacies, insurance carriers, benefits & HR.

4Front Capital Partners

4Front Capital Partners

Crunchbase Website Twitter Facebook Linkedin

4Front Capital Partners operates as an independent investment bank.

eSignLive by VASCO

eSignLive by VASCO

Crunchbase Website Twitter Facebook Linkedin

eSignLive e-signatures are white labelled behind some of the world’s most trusted brands and known as a leader alongside DocuSign and Adobe.

Alterna Bank

Alterna Bank

Crunchbase Website Twitter Facebook Linkedin

Alterna Bank offers e-banking as well as brick-and-mortar banking to clients across Canada.

ASAPP Financial Technology

ASAPP Financial Technology

Crunchbase Website Twitter Facebook Linkedin

ASAPP Financial Technology provides omni-channel account and loan origination solution for retail and small-business banking.

Global Care Capital

Global Care Capital

Crunchbase Website Twitter Facebook Linkedin

Global Care Capital is a global investment company which specializes in providing early stage financing to private and public companies.

Central 1 Credit Union

Central 1 Credit Union

Crunchbase Website Twitter Facebook Linkedin

To provide credit unions with the critical scale economies that we can access cost effectively working together.

The Canadian Securities Exchange

The Canadian Securities Exchange

Crunchbase Website Twitter Facebook Linkedin

CSE is the only exchange in Canada providing trading and market information services for all domestically listed instruments.

Paramount Commerce

Paramount Commerce

Crunchbase Website Twitter Facebook Linkedin

Paramount Commerce is a financial services company that enables customers to make purchases online directly from their bank account.

EQ Bank

EQ Bank

Crunchbase Website Twitter Facebook Linkedin

EQ Bank provides banking services.

Fasken Martineau

Fasken Martineau

Crunchbase Website Twitter Facebook Linkedin

Fasken Martineau DuMoulin is an international business law firm with more than 770 lawyers and offices in Vancouver, Calgary, Toronto.

Prodigy Labs

Prodigy Labs

Crunchbase Website Twitter Facebook Linkedin

Prodigy Labs is a product development service organisation

Peoples Group

Peoples Group

Crunchbase Website Twitter Facebook Linkedin

Peoples Group has been providing boutique financial services to the Canadian marketplace.

Technicost

Technicost

Crunchbase Website Twitter Facebook Linkedin

Technicost has been providing Canadian Credit Unions with successful LOS solutions.

HSBC Bank Canada

HSBC Bank Canada

Crunchbase Website Twitter Facebook Linkedin

HSBC is a one of the world’s largest banking and financial services organisations.

Inverite

Inverite

Crunchbase Website Twitter Facebook Linkedin

Inverite is the Canadian designed, developed, and focused real-time bank verification service.

Financial Services Regulatory Authority

Financial Services Regulatory Authority

Crunchbase Website Twitter Facebook Linkedin

Financial Services Regulatory Authority is a financial services company that specializes in evolving commercial and consumer environment.

Bayview Credit Union Limited

Bayview Credit Union Limited

Crunchbase Website Twitter Facebook Linkedin

Bayview Credit Union is a Financial co-operative Bank providing to its members a complete slate of financial products and service.

RBC

RBC

Crunchbase Website Twitter Facebook Linkedin

Royal Bank of Canada is a global financial institution.

CMLS Financial

CMLS Financial

Crunchbase Website Twitter Facebook Linkedin

CMLS Financial provides independently owned mortgage services.

Cavirtex

Cavirtex

Crunchbase Website Twitter Facebook Linkedin

Cavirtex is a Canadian bitcoin exchange platform.

Laurentian Bank of Canada

Laurentian Bank of Canada

Crunchbase Website Twitter Facebook Linkedin

Laurentian Bank of Canada is a Quebec banking institution operating across Canada.

Baker Tilly Canada

Baker Tilly Canada

Crunchbase Website Twitter Facebook Linkedin

Baker Tilly Canada provides a full complement of financial services across every major industry sector.

Nvest Group

Nvest Group

Crunchbase Website Twitter Facebook Linkedin

Nvest Global Enterprises is a financial services finance company located in Toronto.

PWL Capital

PWL Capital

Crunchbase Website Twitter Facebook Linkedin

nvestment management & financial planning firm for affluent Canadian individuals, families, & professionals.

Instacoin ATM

Instacoin ATM

Crunchbase Website Twitter Facebook Linkedin

Instacoin machines are the hassle-free way to buy Bitcoin with cash or sell your cryptocurrencies for cash in Canada.

Codebase Venture

Codebase Venture

Crunchbase Website Twitter Facebook Linkedin

Codebase Ventures Inc. is a small, hands-on team of financial and technology experts who invest early in great ideas.

Block One Capital

Block One Capital

Crunchbase Website Twitter Facebook Linkedin

Block One Capital is a blockchain technology

Founders Advantage Capital

Founders Advantage Capital

Crunchbase Website Twitter Facebook Linkedin

FA Capital is listed on the TSX Venture Exchange under the symbol “FCF” and employs a passive and permanent investment approach.

Smart Solution

Smart Solution

Crunchbase Website Twitter Facebook Linkedin

Smart Solution has provided innovative financial management solutions.

Acxsys

Acxsys

Crunchbase Website Twitter Facebook Linkedin

Acxsys Corporation engages in the development and operation of electronic payment serivces.

MLG Blockchain Consulting

MLG Blockchain Consulting

Crunchbase Website Twitter Facebook Linkedin

MLG Blockchain Consulting develop next generation blockchain applications using blockchains and smart contract technology.

Canadian Western Bank

Canadian Western Bank

Crunchbase Website Twitter Facebook Linkedin

Canadian Western Bank offers a full range of business and personal banking services.

Versabank

Versabank

Crunchbase Website Twitter Facebook Linkedin

Versabank is committed to the ongoing support of a variety of charitable and non-profit organizations in communities.

Rise Financial

Rise Financial

Crunchbase Website Twitter Facebook Linkedin

The corporate card built for savings

NvestBank

NvestBank

Crunchbase Website Twitter Facebook Linkedin

NvestBank is a suite of blockchain enabled financial applications for consumer and merchant banking.

Payments Canada

Payments Canada

Crunchbase Website Twitter Facebook Linkedin

Payments Canada is responsible for the clearing and settlement infrastructure, processes and rules essential to Canadian economy

Hampton Securities

Hampton Securities

Crunchbase Website Twitter Facebook Linkedin

Hampton Securities is a Investment Industry Regulatory Organization of Canada.

RateShop Inc.

RateShop Inc.

Crunchbase Website Twitter Facebook Linkedin

Fintech, Mortgage Brokerage, Registered Deposit Broker, Lending Administrator, Credit Card, Credit Bureau

DCBank

DCBank

Crunchbase Website Twitter Facebook Linkedin

DCBank operates as a chartered bank.

Everlink Payment Services Inc.

Everlink Payment Services Inc.

Crunchbase Website Twitter Facebook Linkedin

They’re a leading provider of payment solution and services for credit unions and banks in Canada.

IBK Capital

IBK Capital

Crunchbase Website Twitter Facebook Linkedin

IBK Capital Corp. is an independent, privately owned investment banking firm which offers a full range of services.

Harvest Portfolios Group

Harvest Portfolios Group

Crunchbase Website Twitter Facebook Linkedin

Harvest Portfolios is a Canadian Investment Fund Manager based in Oakville Ontario.

Dwello

Dwello

Crunchbase Website Twitter Facebook Linkedin

Dwello is a Canada-based company that helps its users process rental payments.

Hillcore Group

Hillcore Group

Crunchbase Website Twitter Facebook Linkedin

The Hillcore Group is a leading independent Canadian investment and advisory firm.

Haventree Bank

Haventree Bank

Crunchbase Website Twitter Facebook Linkedin

Haventree Bank is a financial services banking company located in Toronto.

You may write to us at: Daily Finance Media/Fupping Ltd, First Floor, 61-63 Rochester Pl, London NW1 9JU.

Written by Tenner Smith

Tenner Smith - I have experience in financial intelligence and automated intelligence. In industry I have worked on artificial intelligence and machine learning. Tenner Smith is a reporter at DF media.

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