Top 10 Fintech Companies In Canada (2023)

Top 10 Fintech Companies In Canada (2023)

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  • Post last modified:January 16, 2023
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What are Fintech Companies? ‘Fintech’ is the combination of the words finance and technology. That should give you at least a little knowledge of what the term entails. Fintech refers to computer programs and other technologies used to support or enable banking and financial services. Fintech companies are organizations that specialize in the development of financial intermediation and transaction execution technologies. The Fintech industry is one of those sectors that is getting more and more popular and attention in the modern world.

Canada is one of the most developed countries in the world. Besides, the Fintech industry in the country is not bad at all. Several Fintech companies in Canada are known and used worldwide. Moreover, in this article, we will provide you with the top ten Fintech companies in Canada. If you want to get to know the best Fintech companies in the business, then you’ve come to the right place. Look below to see the list of the top ten Fintech companies in the country.

Top 10 fintech companies in Canada

1. Shopify

Shopify was founded in 2004 by Thobia Lutke, Daniel Weinand, and Scott Lake. The company is based in Ottawa, Ontario, Canada. Shopify is a Canadian e-commerce company that creates software for point-of-sale systems and stores for online retail. The company offers its customers a wide range of services such as marketing, shipping, payments and customer engagement solutions. As of January 2021, the company claims that more than 1,000,000 companies from around the world use its services. Shopify maintains its goal of making commerce better for everyone. The company helps people become independent by making it easier to start, run and grow a business. Shopify believes the future of global commerce is bright and full of opportunity. The company is always ready to bring those opportunities closer to people.

2. Finance

Financeit is a privately held fintech company founded in 2011 by Michael Garrity. The company is based in Toronto, Ontario, Canada. Financeit claims to provide a large and comprehensive set of tools and technologies that can help simplify the complex sales transaction for businesses and their clients.

Financeit helps businesses of all sizes earn more revenue by offering customers affordable monthly payment options for their next major home improvement, vehicle or retail purchase. The company works with great values ​​such as honesty, drive, excellence, personality, trust and service. The company works to ensure that business organizations realize sales improvements anywhere, anytime with great financial options.

3. Zafin

Zaffin is a privately held company that was founded in 2002. The company is based in Toronto, Ontario, Canada. Zaffin is primarily engaged in providing SaaS Cloud native products and services. The company separates product and pricing from core processing to accelerate progressive modernization, enable digital transformation, and deliver world-class business personalization.

A Zafin installation can be easily integrated with most back-end systems and customer-facing channels to improve product and pricing efficiency and flexibility, generate interest and non-interest income, and deliver a positive ROI – typically in a year or less. Banks on the Zafin platform innovate freely and provide full service, executing product and pricing solutions in half the time while offering market-leading value propositions that recognize and reward customers for the full extent of their financial relationships.

4. Block

Blockstream was founded in 2014 by Gregory Maxwell and Adam Back. Blockstream is a blockchain technology company. The company develops bitcoin software and other applications. Blockstream claims to be the leading provider of blockchain technologies and is at the forefront of cryptography and distributed systems work.

Blockstream’s main mission is to create the financial infrastructure of the future. With a long-term vision of providing robust and scalable services, Blockstream invests heavily in research and development to strengthen the Bitcoin ecosystem and protocol. The core values ​​with which the company offers its services include; innovation, opportunity generation and verification.

5. Refine

Verafin was founded on November 19, 2003 by Bredan Brothers, Raymond Pretty and Jamie King. The three founders were engineers involved in artificial intelligence and decision-making systems. The company is based in St. John’s, Newfoundland, and Labrador, Canada. Verafin, one of Canada’s top fintech companies, is an industry pioneer in anti-financial crime management solutions, with a mission to develop the world’s most effective crime fighting network. The company consistently works to ensure that it provides the best financial crime management services. Verafin is built on a foundation of caring, innovation and teamwork. The team members of the company are positive about the solutions they provide and are always looking forward to improving them.

6. Snap Financial

SnapFinancial is a private organization founded in 2006 and based in Vancouver, British Columbia, Canada. The company helps other companies grow by providing turnkey and custom financing programs. SnapFinacial claims to have worked with reputable home improvement service providers, commercial equipment dealers and insurance brokers.

SnapFinancial leverages seamless loan origination systems, world-class training support, and responsive assessments to help clients successfully integrate finance into sales and marketing. The company is always working to ensure that its partners; improve business administration by helping their customers win. The company’s team provides services to people in Canada and the United States.

7. FundThrough

Founded in 2014, FundThroug is based in Toronto, Ontario, Canada. The company primarily works to help its clients acquire unlimited capital based on the values ​​of their outstanding client invoices. The platform enables companies to connect their accounting software and directly submit invoices for financing. The company serves customers in the United States and Canada.

8. PayFirma

PayFirma is a privately held company founded in 2011. The company was founded by Michael Gokturk and is based in Vancouver, British Columbia, Canada. PayFirma is a payment company that makes it easy for businesses to accept credit and debit cards online, in stores, and on mobile devices.

9. Wealth Simple

WealthSimple was founded in 2014 by Michael Katchen. The company uses the internet to provide investments that are affordable, safe and predictable. The company provides each client with an investment advisor who helps tailor investments to the client’s risk tolerance and long-term goals.

10. Growth

This organization offers their customers a better way to borrow: a way that is faster, cheaper, more convenient and cheaper than getting a loan through a bank. They have the best technology connecting borrowers and private investors through an easy-to-use web platform that ensures fast service and competitive rates.

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Conclusion

Fintech is of great importance to any company willing to improve sales and general administration. The services of Fintech companies provide more alternatives, more speed and convenience, more transparency and world-class security. In addition, Canada is a country with many Fintech companies. By the way, in this article the list of the top ten has been given. Look above to view these companies.



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