Canada’s tech scene is growing and in many instances is rivaling the United States. The country’s fintech ecosystem is one area of particular interest that spans many different sectors and is also reeling in large investment dollars. There are already thousands of fintechs operating in Canada and that number will likely grow as investors increase funding to nascent companies. Here’s a look at some of the most innovative fintech companies in Canada.
Top Fintech Companies in Canada
- Sun Life
Top Fintech Companies in Canada to Know
Adyen is a payment platform that offers end-to-end payments, data and financial management for enterprise clients. It has capacity to accept and process payments online or in person while offering authentication, risk management, revenue optimization and customer behavior insights. It has over two dozen global offices, including one in downtown Toronto.
Headquartered in Toronto, Wealthsimple is an investing platform that simplifies stock trading and forgoes common account features such as high investment fees and account minimums. Besides traditional investment accounts, the company’s offerings include cryptocurrency, retirement and banking accounts. It also features self-directed trading and managed investment accounts overseen by its in-house investing experts.
Bench develops accounting software that aims to help businesses stay on top of their finances. The company offers various services for both new and established businesses. Bench’s platform also provides tax filing and consulting services for clients to get the best possible return.
Sun Life is one of the more mature financial services companies in Canada, and it offers an array of financial products, including retirement accounts, financial advising and insurance products. In recent years, the company has expanded globally and now serves the United Kingdom, the United States and several Asian countries.
Freshbooks is one of the most popular accounting platforms thanks to its integration capabilities with other financial applications. Freshbooks offers cloud-based accounting software tailored for small and medium-sized businesses and offers unique accounting features such as time tracking and project spending.
Shopify, a global e-commerce and fintech company, enables businesses of all sizes to create digital stores and process payments. Its platform helps manage inventory, list products and process in-store transactions with its proprietary point-of-sale hardware. The company was founded in Ottawa by Tobias Lütke but has since expanded globally with over 11,000 employees.