How many total FinTech SaaS companies are there in Canada?

As of January 2026, Canada has 229 active FinTech SaaS companies.

How many FinTech SaaS companies in Canada are funded?

As of January 2026, 91 companies have received funding in this sector.

What is the total funding raised by FinTech SaaS companies in Canada?

FinTech SaaS companies in Canada have collectively raised $1.76B in funding till date.

Who are the top investors in FinTech SaaS companies in Canada?

The top investors in FinTech SaaS companies in Canada by number of investments are Plug and Play Tech Center and Portage.

Which is the highest funded FinTech SaaS company in Canada?

As of January 2026, Trulioo has raised $477M in funding, highest among the funded FinTech SaaS companies in Canada.

How many FinTech SaaS unicorns are there in Canada?

Canada has produced one unicorn in the FinTech SaaS sector till date.

FinTech SaaS in Canada - 2026 Market & Investments Trends

The FinTech SaaS sector in Canada comprises 269 companies, including 91 funded companies having collectively raised $1.76B in venture capital money and private equity. Out of these, 63 are Series A+ funded, and 1 has achieved unicorn status.

FinTech SaaS sector in Canada has seen 42 acquisitions and 2 IPOs. This represents almost 16.4% of all such companies - which is higher than the 5.0% exit rate of tech companies in general.

This sector includes companies that provide SaaS-based Financial Services solutions.

Companies included in FinTech SaaS

Companies that provide SaaS-based Financial Services solutions to institutions

Companies excluded in FinTech SaaS

Companies that provide Non-SaaS based Financial Service solutions and Non-Financial Services solutions

Key Metrics

Total Companies

269

Top Companies

Verafin, Instant & more

Total Funding

$1.76B

Funded Companies

Series A+ Companies

Series C+ Companies

Unicorns Created

IPOs

Acquisitions

View complete details of this sector

There are more than 269 companies in FinTech SaaS in Canada. Verafin is the top FinTech SaaS company in Canada, ranked using Tracxn Score (what's this?).

Here are 5 of the top FinTech SaaS companies in Canada:

Company	Description	Location	Founded	Current Stage	Private Funding Raised
Verafin	Provider of financial crime management solutions for fraud detection and compliance	St John s (Canada)	2003	Acquired	$449M
Instant	On-demand payment solutions for businesses and individuals	Vancouver (Canada)	2015	Series B	$40.3M
PureFacts	CRM solutions for wealth managers	Toronto (Canada)	2010	Acquired	$61M
Boosted	Developer of AI platform for investment research and analysis workflows	Toronto (Canada)	2017	Series B	$58M
Flybits	Banking channel for enterprises	Toronto (Canada)	2013	Series C	$50M

Get a longer list of companies

Companies founded year-on-year in the FinTech SaaS sector in Canada

28 FinTech SaaS startups in Canada were founded in 2020 - this is the most number of startups founded in any year in the last 10 years.

Total Number of Companies

Year	No. of companies
2026	-
2025	9
2024	7
2023	14
2022	3
2021	20
2020	28
2019	13
2018	9
2017	15

Stage-wise distribution of FinTech SaaS sector companies in Canada

Out of the total 269 FinTech SaaS companies in Canada, 91 have secured funding. Among them, 63 have reached Series A or higher, and 54 to Series B or beyond.

Founded - 269

Funded - 91

Series A+ - 63

Series B+ - 54

Series C+ - 48

Company Stage	No. of companies
Founded	269
Funded	91
Series A+	63
Series B+	54
Series C+	48

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Total funding year-on-year in the FinTech SaaS sector in Canada

The FinTech SaaS sector in Canada saw a total funding of more than $1.57B in the last 10 years. The most amount of funding was in 2019 at more than $525M.

Total Funding

Year	Total Funding
2025	$71.4M
2024	$36.9M
2023	$189M
2022	$66.8M
2021	$489M
2020	$33.8M
2019	$525M
2018	$65.5M
2017	$60.3M

Recent Funding Rounds in FinTech SaaS in Canada

In the year 2025, till October 2025, FinTech SaaS companies in Canada have raised $71.4M in equity funding across 6 rounds. In the same period last year (i.e. till October 2024), FinTech SaaS companies in Canada had raised $9.05M across 8 rounds. So, 2025 has seen a 688.95% rise in funding in FinTech SaaS companies in Canada as compared to 2024.

Here are some recent, important funding rounds in FinTech SaaS companies in Canada:

Company	Round Raised	Amount Raised	Funding Date	Investors
Ferra	Seed	9587	Oct 13, 2025	Comma3 Ventures and 3 more
Quandri	Series A	3398	Jul 16, 2025	Framework Venture Partners and 3 more
Fispan	Series B	8394	Jun 03, 2025	Canapi Ventures
PayTic	Seed	5270	Apr 09, 2025	Africinvest and 8 more
FutureVault	Series A	8012	Mar 06, 2025	-

See a more detailed list of funding rounds

Plug and Play Tech Center is the top investor in FinTech SaaS companies in Canada based on number of companies invested.

Here are some top investors in FinTech SaaS companies in Canada:

Investor	Location	Top Portfolio Companies
Plug and Play Tech Center	Sunnyvale (United States)	Bex.io
Portage	Montreal (Canada)	Boosted and Flybits
Georgian	Toronto (Canada)	-
BDC	Montreal (Canada)	Verafin, Trulioo, Fispan and Invixium Access
Canadian Imperial Bank of Commerce	Toronto (Canada)	Boosted, Coconut Software, Invixium Access and ProNavigator

See a more detailed list of investors

In the year 2025, till December 2025, 4 acquisitions happened in FinTech SaaS sector in Canada. Last year, in 2024, a total of 1 acquisition happened in FinTech SaaS sector in Canada.

Here are some recent, important acquisitions in FinTech SaaS sector in Canada:

Company	Acquisition Type	Acquisition Date	Acquirers
Secoda	Business Acquisition	Dec 05, 2025	Atlassian
ProNavigator	Business Acquisition	Oct 28, 2025	Guidewire
Leasepath	Business Acquisition	Jul 03, 2025	Solifi
Lexop	Business Acquisition	Jan 06, 2025	Eltropy
PureFacts	Business Acquisition	Aug 12, 2024	GrowthCurve Capital

See a more detailed list of acquisitions

Acquisition trends in FinTech SaaS sector in Canada

Here are the acquisition trends in FinTech SaaS sector in Canada:

Total Number of Acquisitions

Year	No. of companies
2026	-
2025	4
2024	1
2023	2
2022	10
2021	2
2020	1
2019	9
2018	5
2017	-

In the year 2024, till February 2024, 1 IPO happened in FinTech SaaS sector in Canada.

Here are some recent, important IPOs in FinTech SaaS sector in Canada:

Company	IPO Date	Exchange Symbol
Impact Analytics	Feb 01, 2024	OTC Markets (OTCMKTS)
Impact Analytics	Nov 10, 2023	Frankfurt Stock Exchange (FRA)
Impact Analytics	Aug 11, 2020	Canadian Securities Exchange (CSE)
NexJ	May 18, 2011	Toronto Stock Exchange (TSX)
Symbility Solutions	Apr 09, 2002	Toronto Stock Exchange - Venture Exchange (TSX-V)

See a more detailed list of IPOs

Companies founded by alumni from top colleges in the FinTech SaaS in Canada

Most number of FinTech SaaS startups in Canada have been founded by alumni from University of Toronto, University of Waterloo and Massachusetts Institute of Technology.

College	No. of companies
University of Toronto	10
University of Waterloo	7
Massachusetts Institute of Technology	3
Carnegie Mellon University	2
McGill University	2
York University	2
Columbia University	1
Cornell University	1
IE Business School	1
Ivey School of Business	1

Total funding in FinTech SaaS companies founded by alumni from top colleges in Canada

In the last 10 years, University of Waterloo graduates' FinTech SaaS companies in Canada have raised the most funding among top colleges. University of Toronto alumni are second, and Massachusetts Institute of Technology alumni are third.

College	Total Funding
University of Waterloo	$149M
University of Toronto	$130M
Massachusetts Institute of Technology	$103M
Carnegie Mellon University	$79.3M
Cornell University	$68M
York University	$38.2M
McGill University	$25.3M
IE Business School	$14M
Lund University	$14M
University of Chicago	$11.3M