When was Ario founded?

Ario was founded in 2018 and raised its 1st funding round within a year of its incorporation.

Where is Ario located?

Ario is headquartered in Ottawa, Canada.

How many employees does Ario have?

As of Aug 31, 2026, the latest employee count at Ario is 5.

Is Ario a funded company?

Ario is a funded company, having raised a total of $***** in its 1st and only funding round, a Series A round on Nov 14, 2018.

When was the latest funding round of Ario?

Ario's latest funding was a $***** Series A round on Nov 14, 2018, with participation from 1 investor. Its primary sector is Banking Tech. In Canada, the Banking Tech sector has seen $140M in funding in 2026 to date.

Where does Ario rank among its competitors?

Ario ranks 269th amongst 658 active competitors, of which 154 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was TrueLayer, which secured an undisclosed amount in Feb, 2026.

Who are the top competitors of Ario?

Ario's top competitors include Razorpay, TrueLayer and Moniepoint. Among them, TrueLayer secured the most recent funding round in February, 2026.

Ario - 2026 Company Profile, Team, Funding & Competitors

Ario is an acqui-hired company based in Ottawa (Canada), founded in 2018 by Brian McBride and Avinash Chidambaram. It operates as a Banking as a service platform. Ario has raised $10M in funding from Purpose Investments. The company has 658 active competitors, including 154 funded and 61 that have exited. Its top competitors include companies like Razorpay, TrueLayer and Moniepoint.

Company Details

Ario provides banking as a service platform targeting small and medium-sized enterprises. The company offers a lending-as-a-service platform that allows enterprises to provide their customers with financing, including invoice financing, payroll financing, and working capital. The company aims to provide white-label digital lending solutions and account management services.

Website: arioplatform.com
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Key Metrics

Founded Year

2018

Location

Ottawa, Canada

Stage

Acqui-Hired

Total Funding

$10M in 1 round

Latest Funding Round

Series A, Nov 14, 2018, $*****

Investors

Purpose Investments

Ranked

269^th among 658 active competitors

Employee Count

5 as on Aug 31, 2026

Similar Companies

Razorpay & 519 more

View Ario's full profile

Ario has raised a total funding of $10M over 1 round. Its latest funding round was a Series A round on Nov 14, 2018 for $*****. 1 investor participated in its latest round. Ario has 1 institutional investor.

Here is the list of recent funding rounds of Ario:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 14, 2018	8406839	Series A	7024590	7919998	1670388	5897408

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View details of Ario's funding rounds and investors

The founders of Ario are Brian McBride and Avinash Chidambaram.

Here are the details of Ario's key team members:

Brian McBride: Co-Founder & COO of Ario. They serve on the board of 1 company.
Avinash Chidambaram: Co-Founder & CEO of Ario.

View details of Ario's Founder profiles and Board Members

Ario's employee count trend

Ario has 5 employees as of Aug 26. Here is Ario's employee count trend over the years:

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Top competitors of Ario include Razorpay, TrueLayer and Moniepoint. Here is the list of Top 10 competitors of Ario, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Razorpay 2014, Bengaluru (India), Series F	Provider of payment and business banking solutions for enterprises	$742M	Peak XV Partners, GIC & 36 others	85/100
2nd	TrueLayer 2016, London (United Kingdom), Series E	Provider of open banking infrastructure for digital payments and verification	$322M	Northzone, Temasek & 27 others	78/100
3rd	Moniepoint 2019, London (United Kingdom), Series C	Provider of integrated financial services for business and individual users	$266M	Novastar Ventures, Quantum Capital Partners ... & 22 others	75/100
4th	M2P Fintech 2014, Chennai (India), Series D	Provider of APIs enabling banking, lending, and payment financial services	$188M	8i Ventures, Beenext & 64 others	74/100
5th	Cross River Bank 2008, Fort Lee (United States), Series D	Platform offering API-driven financial infrastructure	$898M	Shefa Capital, Eldridge Industries & 18 others	72/100
6th	Galileo 2000, Sandy (United States), Acquired	Provider of cloud-based platform for financial technology and digital banking	$85M	Mercato Partners, Accel & 3 others	72/100
7th	Solaris 2016, Berlin (Germany), Acquired	Provider of banking-as-a-service platform offering digital banking and payment solutions	$736M	FinLeap, HV Capital & 24 others	71/100
8th	Trustly 2008, San Carlos (United States), Acquired	Open banking-enabled payment processing solution for businesses	$28.7M	Neuberger Berman, Investment Corporation of Dubai ... & 7 others	71/100
9th	Pomelo 2021, Buenos Aires (Argentina), Series C	Platform offering open banking API	$158M	Kaszek, Tiger Global Management & 40 others	70/100
10th	Yapily 2017, London (United Kingdom), Series B	Provider of open banking platform facilitating payments and financial data access	$70.8M	Sapphire Ventures, Lakestar & 41 others	69/100
269th	Ario 2018, Ottawa (Canada), Acqui-Hired	Banking as a service platform	$10M	Purpose Investments	28/100