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13 Best Fraud Detection Startups Based Out of Canada

13 Best Fraud Detection Startups Based Out of Canada

This article showcases Welp Magazine’s top picks for the best ‘Fraud Detection’ startups. These startups are taking a variety of approaches to innovating in the Fraud Detection’ industry, but are all exceptional startups well worth a follow.

We selected these startups 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

Welp Magazine  hosts a yearly startup award honouring the most outstanding entrepreneurs and high-growth businesses in the world. If you want to enter your startup to be in the running for the top startup of 2021 or learn more about our competition click here.


1. Netsweeper

The idea behind this startup: Netsweeper delivers uniquely flexible and powerful web filtering and web threat management software solutions to the telecom, enterprise.

Headquarters: Waterloo, Ontario, Canada

Industries: Enterprise Software, Fraud Detection, Network Security, Software

Founders: Perry J. Roach

Follow this startup or buy their offering:

Crunchbase

Website

Twitter

Facebook

Linkedin


2. Apaylo

The idea behind this startup: E-Commerce, Finance, FinTech, Mobile Payments, Payments, SaaS, Transaction Processing

Headquarters: Vaughan, Ontario, Canada

Industries: E-Commerce, FinTech, Fraud Detection, Mobile Payments, Payments, Transaction Processing

Founders: Michel Laval, Ryan Yates

Follow this startup or buy their offering:

Crunchbase

Website

Twitter

Facebook

Linkedin


3. NuData Security, a Mastercard company

The idea behind this startup: NuData Security positively verifies users online through real-time passive biometrics and behavioral analytics.

Headquarters: Vancouver, British Columbia, Canada

Industries: Analytics, Cyber Security, Enterprise Software, Fraud Detection, Internet

Founders: Christopher Bailey, Michel Giasson

Follow this startup or buy their offering:

Crunchbase

Website

Twitter

Linkedin


4. ACL Services

The idea behind this startup: ACL Services is an enterprise governance software powered by data automation for audit, compliance, and risk management.

Headquarters: Vancouver, British Columbia, Canada

Industries: Big Data, Compliance, Enterprise Software, Fraud Detection, Risk Management, SaaS, Software

Founders: Unknown

Follow this startup or buy their offering:

Crunchbase

Website

Twitter

Facebook

Linkedin


5. Equifax Canada

The idea behind this startup: Equifax Canada provides credit bureau and information reports for businesses.

Headquarters: Toronto, Ontario, Canada

Industries: Credit Bureau, Financial Services, Fraud Detection, Information Technology

Founders: Unknown

Follow this startup or buy their offering:

Crunchbase

Website


6. Ethoca

The idea behind this startup: Ethoca established itself as an innovative, one-of-a-kind global collaboration-based technology services company.

Headquarters: Toronto, Ontario, Canada

Industries: E-Commerce, Financial Services, FinTech, Fraud Detection

Founders: Andre Edelbrock, Trevor Clarke

Follow this startup or buy their offering:

Crunchbase

Website

Twitter

Facebook

Linkedin


7. F8th

The idea behind this startup: F8th is a fraud detection system.

Headquarters: Toronto, Ontario, Canada

Industries: Fraud Detection

Founders: Unknown

Follow this startup or buy their offering:

Crunchbase

Website

Twitter

Facebook

Linkedin


8. Proof Zero

The idea behind this startup: Proof Zero connects data with confidence, turning data complexity into opportunity.

Headquarters: Toronto, Ontario, Canada

Industries: Big Data, Business Intelligence, Compliance, Cyber Security, Fraud Detection, Identity Management, Internet, Software

Founders: Adrian Maurer, Alexander Flanagan

Follow this startup or buy their offering:

Crunchbase

Website

Twitter

Linkedin


9. Verafin

The idea behind this startup: Verafin provides a software platform that specializes in financial crime management solutions.

Headquarters: St. John’s, Newfoundland, Canada

Industries: Compliance, Enterprise Software, Finance, Fraud Detection, Information Technology, Security, Software

Founders: Brendan Brothers, Jamie King, Raymond Pretty

Follow this startup or buy their offering:

Crunchbase

Website

Twitter

Facebook

Linkedin


10. idAlerts

The idea behind this startup: idAlerts is a Canada-based company that offers its users with identity theft protection and credit management tools.

Headquarters: Oakville, Ontario, Canada

Industries: Brand Marketing, Customer Service, Cyber Security, Fraud Detection, Security

Founders: Unknown

Follow this startup or buy their offering:

Crunchbase

Website

Twitter

Facebook

Linkedin


11. SmartPay Me

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

Headquarters: Montréal, Quebec, Canada

Industries: Banking, E-Commerce, FinTech, Fraud Detection, Mobile Payments, Payments, Retail, Retail Technology, Transaction Processing

Founders: Charles Nouyrit, Olivier Locufier

Follow this startup or buy their offering:

Crunchbase

Website

Twitter

Linkedin


12. Sentrant Security

The idea behind this startup: Detecting non-human user activity throughout the Internet

Headquarters: Fredericton, New Brunswick, Canada

Industries: Fraud Detection, Security

Founders: Ehsan Mokhtari, Hadi Shiravi

Follow this startup or buy their offering:

Crunchbase

Website

Twitter

Facebook

Linkedin


13. INETCO Systems Limited

The idea behind this startup: INETCO Systems provides real-time transaction monitoring, analytics and data forwarding solutions.

Headquarters: Burnaby, British Columbia, Canada

Industries: Analytics, FinTech, Fraud Detection, Machine Learning, Software

Founders: Angus Telfer, Bijan Sanii

Follow this startup or buy their offering:

Crunchbase

Website

Twitter

Facebook

Linkedin

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