How many total FinTech companies are there in Toronto?

As of January 2026, Toronto has 1226 active FinTech companies.

How many FinTech companies in Toronto are funded?

As of January 2026, 453 companies have received funding in this sector.

What is the total funding raised by FinTech companies in Toronto?

FinTech companies in Toronto have collectively raised $11.9B in funding till date.

Who are the top investors in FinTech companies in Toronto?

The top investors in FinTech companies in Toronto by number of investments are Plug and Play Tech Center and White Star Capital.

Which is the highest funded FinTech company in Toronto?

As of January 2026, Wealthsimple has raised $1.29B in funding, highest among the funded FinTech companies in Toronto.

How many exits have occurred in FinTech companies in Toronto?

FinTech sector in Toronto has seen 135 acquisitions and 25 IPOs.

How many FinTech unicorns are there in Toronto?

Toronto has produced 5 unicorns in the FinTech sector till date.

FinTech in Toronto, Canada - 2026 Market & Investments Trends

Companies included in FinTech

Companies providing tech solutions to provide financial services like lending, banking, fundraising, insurance, etc.

Companies excluded in FinTech

Companies offering traditional financial services like Banks, NBFCs, Insurance Carriers, etc.

Key Metrics

Total Companies

1.61K

Top Companies

Wealthsimple, Clearco & more

Total Funding

Funded Companies

Series A+ Companies

Series C+ Companies

Unicorns Created

IPOs

Acquisitions

135

Also known as

BFSI Tech

View complete details of this sector

There are more than 1.61K companies in FinTech in Toronto, Canada. Wealthsimple is the top FinTech company in Toronto, Canada, ranked using Tracxn Score (what's this?).

Here are 5 of the top FinTech companies in Toronto, Canada:

Company	Description	Location	Founded	Current Stage	Private Funding Raised
Wealthsimple	Online robo advisory and stock trading platform	Toronto (Canada)	2014	Series F	$1.29B
Clearco	Revenue-based financing solution	Toronto (Canada)	2015	Series D	$775M
Borrowell	Provider of a credit monitoring and financial products comparison platform	Toronto (Canada)	2014	Series B	$53.6M
Relay	Digital bank for businesses	Toronto (Canada)	2018	Series B	$51.6M
League	Provider of SaaS based digital platform to manage employee health benefits	Toronto (Canada)	2014	Series C	$242M

Get a longer list of companies

Companies founded year-on-year in the FinTech sector in Toronto

155 FinTech startups in Toronto were founded in 2018 - 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	84
2024	34
2023	69
2022	77
2021	127
2020	128
2019	148
2018	155
2017	114

Stage-wise distribution of FinTech sector companies in Toronto

Out of the total 1,608 FinTech companies in Toronto, 453 have secured funding. Among them, 240 have reached Series A or higher, and 198 to Series B or beyond.

Founded - 1,608

Funded - 453

Series A+ - 240

Series B+ - 198

Series C+ - 179

Company Stage	No. of companies
Founded	1,608
Funded	453
Series A+	240
Series B+	198
Series C+	179

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Total funding year-on-year in the FinTech sector in Toronto

The FinTech sector in Toronto saw a total funding of more than $11.1B in the last 10 years. The most amount of funding was in 2021 at more than $3.28B. There has been a total funding of $8.6M in 2026 till date.

Total Funding

Year	Total Funding
2026	$8.6M
2025	$1.57B
2024	$500M
2023	$343M
2022	$1.25B
2021	$3.28B
2020	$1.53B
2019	$789M
2018	$1.29B
2017	$547M

Recent Funding Rounds in FinTech in Toronto

In the year 2026, till January 2026, FinTech companies in Toronto have raised $8.6M in equity funding across 1 round. In the same period last year (i.e. till January 2025), FinTech companies in Toronto had raised $49.7M across 5 rounds. So, 2026 has seen a 82.7% drop in funding in FinTech companies in Toronto as compared to 2025.

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

Company	Round Raised	Amount Raised	Funding Date	Investors
Pluto	Seed	4171	Jan 06, 2026	Motive Partners and 5 more
Ledn	Series B	1110	Nov 18, 2025	Tether
Wealthsimple	Series F	4984	Oct 27, 2025	GIC and 7 more
Cybrid	Series A	5736	Oct 22, 2025	BDC and 3 more
HoneyPot	Seed	2583	Oct 19, 2025	Mask Network and 2 more

See a more detailed list of funding rounds

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

Here are some top investors in FinTech companies in Toronto:

Investor	Location	Top Portfolio Companies
Plug and Play Tech Center	Sunnyvale (United States)	Relay, SureBright, Railz and The Open Application Network
White Star Capital	New York City (United States)	Borrowell, Ledn and Thala Labs
Everywhere	New York City (United States)	-
Forum Ventures	San Francisco (United States)	Private AI, Minerva Intelligence and CFO2
Canadian Imperial Bank of Commerce	Toronto (Canada)	Vena Marketing, Q4, Boosted and d1g1t

See a more detailed list of investors

In the year 2025, till December 2025, 10 acquisitions happened in FinTech sector in Toronto. Last year, in 2024, a total of 12 acquisitions happened in FinTech sector in Toronto.

Here are some recent, important acquisitions in FinTech sector in Toronto:

Company	Acquisition Type	Acquisition Date	Acquirers
Secoda	Business Acquisition	Dec 05, 2025	Atlassian
BioConnect	Business Acquisition	Nov 17, 2025	Gentex
Sterling	Business Acquisition	Oct 06, 2025	HGGC
PriceMetrix	Business Acquisition	Sep 24, 2025	CRISIL
Rail	Business Acquisition	Aug 07, 2025	Ripple

See a more detailed list of acquisitions

Acquisition trends in FinTech sector in Toronto

Here are the acquisition trends in FinTech sector in Toronto:

Total Number of Acquisitions

Year	No. of companies
2026	-
2025	10
2024	12
2023	10
2022	24
2021	16
2020	9
2019	17
2018	14
2017	6

In the year 2025, till May 2025, 1 IPO happened in FinTech sector in Toronto.

Here are some recent, important IPOs in FinTech sector in Toronto:

Company	IPO Date	Exchange Symbol
Thefutrcorp	May 16, 2025	Frankfurt Stock Exchange (FRA)
Matador	Dec 16, 2024	Toronto Stock Exchange - Venture Exchange (TSX-V)
Pineapple	Nov 01, 2023	American Stock Exchange (NYSEAMERICAN)
Thefutrcorp	Jun 06, 2023	OTC Markets (OTCMKTS)
genifi	Mar 16, 2023	Toronto Stock Exchange - Venture Exchange (TSX-V)

See a more detailed list of IPOs

Companies founded by alumni from top colleges in the FinTech in Toronto

Most number of FinTech startups in Toronto have been founded by alumni from University of Toronto, University of Waterloo and Ivey School of Business.

College	No. of companies
University of Toronto	84
University of Waterloo	37
Ivey School of Business	9
Massachusetts Institute of Technology	9
University of Pennsylvania	7
Harvard University	6
McGill University	5
University of California (Berkeley)	5
University of Chicago	5
Wharton School	5

Total funding in FinTech companies founded by alumni from top colleges in Toronto

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

College	Total Funding
University of Toronto	$3.42B
University of Waterloo	$1.44B
University of Oxford	$1.3B
Queen's University	$1.02B
Massachusetts Institute of Technology	$292M
Harvard University	$230M
McGill University	$220M
Kellogg School of Management	$211M
Stanford University	$191M
Columbia University	$162M