This article showcases our top picks for the best Toronto based Finance companies. These startups and companies are taking a variety of approaches to innovating the Finance industry, but are all exceptional startups and 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 for exceptional performance in one of these categories:
- Innovative ideas
- Innovative route to market
- Innovative product
- Exceptional growth
- Exceptional growth strategy
- Societal impact
Top Toronto Finance Companies
Clearbanc provides growth capital for web-enabled businesses through its 20-minute term sheet. The company offers fast, affordable growth capital to eCommerce and B2B/SaaS companies.
Its investments range from $10K – $10M and its portfolio spans small businesses across the United States, Canada, and the United Kingdom to some of the fastest-growing consumer brands. Launched in 2015, Clearbanc uses proprietary underwriting technology to offer more capital at quicker speeds and more flexible terms than other financing alternatives..
Creative Destruction Lab
The Creative Destruction Lab is a seed-stage program for massively scalable, science- and technology-based ventures. It employs a unique, objectives-focused coaching process to help founders commercialize advances in science and technology.
The program pairs startups with exited entrepreneurs and star scientists in areas such artificial intelligence, quantum computing, healthcare, blockchain, energy, and cleantech. Founded at the Rotman School of Management at the University of Toronto, CDL now operates locations in six cities including Vancouver, Calgary, Toronto, Montreal, Halifax, and New York City..
Wealthsimple offers financial tools to help investors grow and manage their money. Wealthsimple is a new kind of financial advisor — one that’s intuitive, affordable, and human.
Wealthsimple takes the guesswork out of investing and get investors on the right track. Wealthsimple builds a diversified portfolio of ETFs on the investors’ behalf and guides them in achieving their financial goals.
Wealthsimple is backed by a team of world-class financial experts and the best technology talent. Our talented team of software engineers, designers, and data scientists have previously worked at such companies as Amazon, Google, and Apple.
Wealthsimple’s Investment Advisory Committee are recognized thought leaders in the investment community. They play an advisory role in Wealthsimple’s investment management process and serve as a sounding board for Wealthsimple’s management team..
Borrowing money should be simple. For many of us, it’s part of our everyday lives.
That’s why we’ve developed a simple, secure and convenient way to connect borrowers and lenders.We’re harnessing the powers of community and technology to offer better rates, better service and a better customer experience. Canadians can now feel empowered to stop just borrowing, and start borrowing well..
Vena connects people, existing systems, and data to power finance-led business planning and real-time reporting using a spreadsheet platform. Vena turns Excel into an enterprise-class business solution with a centralized database, workflow, detailed audit trail and more.
With Vena, hundreds of leading global brands now get trusted numbers and insights – fast – without sacrificing their favorite spreadsheet software. Customers use Vena for corporate performance management (CPM) applications including budgeting, financial close management and reporting, and automating other spreadsheet-driven processes beyond Finance.
Vena is the fastest-growing cloud CPM vendor, and the only one to embrace – not replace – Excel spreadsheets.. .
Basically no one knows what to do, on a monthly basis, to maintain their lifestyle into the future. Planswell builds free financial plans for Canadians, in under three minutes.
Over half of Canadian retirees live on less that $15,000 per year. Less than 3% live on more than $60,000.
Planswell is on a mission to fix this.. .
Street Contxt is a global communication platform for the institutional financial community that is focused on connections between brokers and their clients based on quality content and insight. It is an intelligent information marketplace built for global capital markets.
Street Contxt is reinventing the way market-moving commentary is produced, consumed, and discovered across the street, while providing actionable insights that are contextual to each user. It was launched in 2012 and is based in Toronto, Ontario..
PolicyMe (https://www.policyme.com) is on a mission to make insurance simpler and cheaper for everyone who needs it. The company provides a platform for users to get quality and customized life insurance advice in 5 minutes free of hassle and free of charge.
It’s goal is to improve financial literacy, put an end to the industry practice of upselling / overprotecting and reduce frictional costs in the insurance value chain.. .
NextBlock Global is based in Toronto, Canada, one of the world’s leading hubs for blockchain innovation. They are excited to contribute to this growing ecosystem.
NextBlock is now one of the leading institutional investors in the fast-growing and disruptive new digital asset economy.. .
Smart companies understand that investors want to know what’s going on in your business. It’s a key part of the venture investing model and the best investors are expecting more data and more discipline around sharing it.
But it’s not all about them. You benefit when your investors (and advisors) are better informed.
It lets them jump in and help, whether it’s opening that door or leading the next financing round.. .
Corl is an artificially-intelligent platform that finances businesses in the digital economy and shares in their future revenue. It aims to create regulatory-compliant security and revenue-sharing token designed to support and participate in the growth of emerging companies.
The company was founded in 2016 and is headquartered in Toronto, Ontario.. .
SheEO invests in women-led and majority women-owned ventures that creates social impact through new models, new mindsets, and new solutions for a better world. The activator community consists of ages from twelve to nineteen, and are women of color, LGBTQ, grandmothers, successful corporate executives, public leaders, change-makers, early stage entrepreneurs, and wantrepreneurs.
SheEO is based in Canada and the company was founded in 2013 by Vicki Saunders.. .
Breezeful is an online mortgage brokering platform that helps to reduce the mortgage financing. It qualifies users with over 100 lenders and alternative financing options and closes the best one all through machine learning.
The company was founded in 2020 and is headquartered in Toronto, Ontario.. .
We are a Fintech Startup focusing on building a digital AI based Portfolio Management System. Our system is in development and will be live by December of this year.
We will test and validate its performance in Q1 2021. We are focused on becoming a B2B, SAAS that delivers a Plug and Play AI driven Portfolio Management Platform to funds and financial institutions.
Our legal is Osler and Accounting PWC. Planning Series A in Q2 2021..
Docoh gives everyone access to professional-quality information about public companies and stocks. The SaaS platform uses proprietary technology to synthesize information and data from a wide range of sources, including public filings, patent applications, industry regulators, and press releases.
Most information on Docoh is available at no cost to users, and can be easily accessed on mobile or desktop. It is currently used by retail investors, accountants, lawyers, recruiters, corporations, software companies, journalists and a growing list of professionals and non-professionals alike..
Triyo enables simple and seamless project management and document collaboration for interdepartmental and remote teams in the financial industry. Our platform integrates securely with familiar tools like Email and MS Office Suite for quick and easy adoption.
Most importantly, Triyo provides a complete view of in-progress work and deal flows so that managers can make better decisions and teams can collaborate more efficiently. .
Emperor Platform provides financial advisors tools to access and manage clients, digitize their onboarding all from a single dashboard. Emperor Investments is an entirely digitalized platform for wealth managers to track all their investments on the go.
It helps all its customers managing their investments and portfolios online avoiding the time-consuming process. Their advanced technology merges with the human effort for the smooth processing of investments providing a quality experience..
Spruce Grove Capital
Spruce Grove Capital is an investment company that specializes in investing in startup single businesses, entrepreneurs, and companies. The company is driven by its mission is to invest, operate, and accelerate growth for a single business.
The company was founded in 2019 and headquartered in Ontario, Canada.. .
BitRush Corp is a Fintech company that focuses on cryptographic technologies for financial and transactional services. BitRush Corp invests in a portfolio of promising cryptographic ventures in North America and Europe.
The company offers its users with Fintech startup with cryptographic visions at work, focuses on peer-to-peer business services, and builds sustainable transaction ecosphere for efficient CAC and LTV. The activities of the company are ANOON, AdBit, and Start-It.
The partners of the company are Axxelerate, DECENT, Fintech Austria, WAVECREST, and wavefront. BitRush Corp is based in Canada and it was launched in 2014..
Pivot Acquisition invests in companies with a focus on data center, virtualization, cloud, storage, networking, security, network security, client computing, infrastructure services, mobility, collaboration, mobile telephones, and business intelligence. It also focuses on companies operating in technology, financial services, healthcare, and telecommunications.
Pivot Acquisition was founded in 2010 and is headquartered in Toronto, Columbia.. .
Nvest is an Internet platform that helps people become smarter investors. Anyone is free to share investment opinions.
Nvest evaluates people’s credibility based on the accuracy of their opinions because actual performance speaks louder than credentials. Nvest is currently focusing on stock markets, and will be expanded to many possible investment types.
People can express their opinions as buy and sell ratings. The accuracy of each opinion depends on its correctness, magnitude of impact and industry.
Nvest wants to consolidate and present only the very valuable investment information to retail investors at the right time. People will be able to access Nvest with any Internet devices.
Visit http://www.nvest.me for open beta!. .
Trusted by the world’s leading law firms, growth organizations, and startups, DealMaker is a cloud-based platform designed to drastically eliminate friction in the capital-raising process. Designed by veteran securities lawyers, developed by a world-class software team, and supported by a client-first customer support team, DealMaker empowers issuers and their representatives to manage, circulate and track documents swiftly and securely.
DealMaker also provides an unparalleled, seamless investor experience that mitigates headaches and subscription deficiences. Learn more at https://dealmaker.tech..
zeroone ai inc. is challenging the World Financial Empires.
We make financial products as we inference new value based on the AI-driven analysis. Through uncertainty quantification we focus on creating an interpretable artificial intelligence.
And we define the NEW NORMAL of decentralized finance and strive to move forward.. .
Newton is crypto as it should be: with native mobile apps, instant approval, and no commissions. Globally competitive prices.
Access to millions of dollars in daily trading volume. Spreads that are competitive with major exchanges.
All without commissions or fees.. .
Alitheia Technologies is an AI company that leverages artificial intelligence technologies to optimize business operations. It uses a proprietary AI engine to create a Robo-Consultant.
The enterprise AI-as-service platform learns from your organization’s data to develop process optimization solutions and provide unparalleled insight into existing operations. Alitheia Technologies’ goal is to help businesses increase efficiency, allowing them to defend against new market entrants, and adapt to the dynamic needs of both their customers and employees.
It was founded in 2017 and is based in Toronto, Ontario, Canada.. .
Limelight Software provides software that empowers finance teams to manage, track, and monitor budgeting, planning, and forecasting. Its software seamlessly integrates with Microsoft Dynamics and other sources to centralize all data points for financial planning and analysis.
Starting with user experience, Limelight provides an easy way to collect and consolidate data. It then applies intelligence to instantly identify variances, growth opportunities, and business performance.
And all this happens in real-time. Limelight Software was founded in 2011 and is based in Toronto, Ontario..
Greenbank Capital is a corporate finance investment business focusing on Bitcoin and investing in Canadian small cap publicly listed companies. GreenBank has launched two subsidiaries investing in Bitcoin and Bitcoin startups, and is the first public company in the Bitcoin space.
It also has special expertise and experience in creating and listing companies on the Canadian National Stock Exchange (“CNSX”), which it can do quickly and inexpensively. GreenBank is based on the model of a London merchant bank, taking equity positions in its clients and participating in client company decisions via board of directors positions.
GreenBank also facilitates mergers and acquisitions, often participating with equity in the transactions as appropriate. GreenBank focuses primarily upon Canadian publicly listed small caps in the Bitcoin, natural resource and technology industries, although its CNSX expertise is available to companies in all sectors.
GreenBank became publicly listed on the Canadian National Stock Exchange in April 2013 (CNSX: GBC). At listing its over $2,500,000 investment portfolio was primarily in mineral development companies with interests in gold, nickel and copper properties.
In December 2013 it established Bitcoin Canada Investments and Bitcoin Angel Capital to invest in Bitcoin and in early stage Bitcoin and other cryptocurrency focused companies, and intends in due course to to spin off these companies to GreenBank shareholders and make application to list the Bitcoin companies on the CNSX.. .
RateSpy.com lets Canadian consumers compare the best mortgage rates online. RateSpy’s proprietary rate database includes over 3,000 mortgage rates and 330+ lenders, virtually every lender in Canada that publicly advertises rates.
The site also includes a community where mortgage shoppers can easily share great rate finds with others.. .
National Crowdfunding & Fintech Association of Canada
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners, and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain and cryptocurrency, regtech, and insurtech sectors.
For more information, please visit: ncfacanada.org. .
Our mission is to make the mortgage process fast, convenient, and easily accessible. If you are considering any kind of mortgage, we can help.
All we need from you is some basic information, so we can understand your needs. Using that, we can negotiate with lenders on your behalf.
We also provide ongoing support and advice throughout the mortgage process and even after your mortgage is signed.. .
R2 is Canada’s first online marketplace that connects property owners/developers with property investors. Some of the largest commercial property developments and syndications in Canada/US are done using a similar Limited Partner & General Partner model that they use at R2.
The key difference is that they have developed cutting edge technology platform that now makes it possible for retail investors to invest in high quality commercial property deals that have typically not been made available to retail investors.. .
ryptiv has been an investment and technology company in the blockchain space since 2013. Their enterprise wallet system is designed to secure and trade crypto-assets (Bitcoin, Ether and ERC20 tokens).
They are currently leveraging their systems to trade our private fund.. .
INcubes is a Toronto based accelerator that teams up with emerging entrepreneurs and talented startup teams to create solid businesses with innovative products and ideas. INcubes’ international network has attracted mentors and investors from across many countries including the North America, Latin America, Europe, Asia and the Middle East.
With its two flagship programs, the Funnel Program and the Acceleration Program, INcubes connects with the most forward-thinking entrepreneurs, those with goals of turning their game-changing technologies into international success stories.. .
Citizen Hex is an Ethereum Liquidity Company that was built for a corporation centred around acquiring, securing, and trading ERC-20 tokens. The main beneficiaries of Ethereum adoption will be the crypto-commodities that power it.
Founded by Benjamin Roberts and Brett Bergmann in late 2016, Citizen Hex Inc. emerged as one of the top companies..
Toronto-based INKAS® Payments started its operations in 2010 to provide payment processing solutions and merchant account services on a national scale, and has since established itself as a leader within the Canadian market. To date, we have helped thousands of Canadian businesses of all sizes reduce their payment processing fees, while providing an exceptional customer experience.
Our dedicated experts help navigate the complex world of credit card processing, and provide guidance throughout the entire process, from a free rate analysis, to having an account set up. We are driven by our mission to provide complete transparency on all your payment processing fees, so that you can understand your fee structure and lower your rates.
INKAS® Payments is one of the top merchant service providers in Canada with thousands of merchants within its portfolio that spreads coast to coast from St. Johns, Newfoundland to Vancouver, British Columbia.
By following the internal CISS mandate (Creativity, Innovation, Stability, and Support), INKAS® has consistently developed successful custom solutions for the clients that require a customized approach. INKAS® Payments Corp.
is a subsidiary of INKAS® Group of Companies in Toronto, Canada, and to date, INKAS® has grown to employ over 350 highly skilled and specialized team members who produce the highest value products and services in the industry. INKAS® is a Registered MSP/ISO of the Canadian branch of U.S.
Bank National Association and Elavon.. .
Loans Canada is a loan search platform that connects borrowers with Canada’s top lenders. Partnered with an array of different financial institutions, Loans Canada provides Canadians with access to the largest lender network in the country.
Consumers just need to fill out a short application form and they are then matched with a series of different options that meet their financial needs.. .
Explora is an entrepreneurial investment firm that manages and grows small to medium-sized businesses for the long-term. Explora is a team of hands-on, growth-minded entrepreneurs who believe lasting success is rooted in integrity, passion, humility, and hard work.
They focus all of their time, energy, and capital into partnering with a transitioning owner to operate and own a business for many years to come. They provide business owners with an exit and a succession plan so that they can preserve their legacy and discover the next adventure in their lives.
The company was Co-Founded by Cyrus Symoom and Jake Dancyger.. .
Acasta Enterprises operates as a special purpose acquisition company. It was formed as an investment firm in 2015 after raising over $400 million on the Toronto Stock Exchange as a special purpose acquisition company – the largest of its kind in Canadian history.
It is a publicly-traded company with a wholly-owned consumer products subsidiary, Apollo Health, and Beauty Care Inc. Acasta Enterprises is headquartered in Toronto, Canada..
Toronto Global is a non-profit investment attraction agency that supports the expansion of foreign-owned businesses to the Toronto Region. Toronto Global represents municipalities in the Toronto Region to international investors by promoting the Region’s diversity of services, sectors and industries, diverse workforce, and stable economy to attract Foreign Direct Investment (FDI).
They assist companies by sharing market research and intelligence that informs their decision-making, and by facilitating local connections to support the establishment of operations in the region. Moreover, Toronto Global actively promotes the competitive advantages of the Toronto Region as an ideal location for corporate expansion..
Make Lemonade is a free personal finance website that helps consumers make smarter financial decisions with comparison tools, financial content and product reviews. Make Lemonade helps you find the best rates on your student loans, personal loans, investing, banking, mortgages, credit cards and more.
With our free student loan calculators and student loan refinancing comparison tools, we are on a mission to help over 44 million people pay off student loans and become debt-free.. .
This article was written by David Friedmman from Welp Magazine. The editor for this article was Tess Page. If your company is featured in this article and you want to have amendments made please contact us on: [email protected].
Alternatively you may write to us at: Welp Magazine/Fupping Ltd, First Floor, 61-63 Rochester Pl, London NW1 9JU.