Some of the leading Fin Tech Companies in Canada. This is not an exhaustive list however, it is meant to be a guide to the growth of the Financial Tech sector within the Canadian Space. update Dec 2015 @zeus_krips

1. FinTech Companies of Canada
December 2015
A guide to Financial Technology companies
Ayodele George
@zeus_krips

2. Canada Based FinTech Startups
• “Big Five” is a term used for the top Banks that account
for majority of business in Canada
• Strangely enough there are not many start-ups in this
area to Augment or create innovative Financial solutions
• However, in recent times there has been progress and
firms listed in this paper are some of the leading
upstarts
• This is not meant to be an extensive list; And will be
updated to keep up with trend
• Source of information include Google, Crunch Base,
Angellist, techvibes, LinkedIn, theStar etc.
• See definition of FinTech.
• The key categories include Lending, Analytics,
investment management, Recommendation,
BlockChain, Relationship Management, Banking,
Infrastructure and P2P
Ayodele George

3. • Borrowell is an online marketplace lending
platform. Provide Canadians who have good credit
with low, fixed interest loans.
• Category: Lending
• url: www.borrowell.com
• Founder CEO: Andrew Graham
• List of investors: Equitable Bank, Oakwest, Roger
Martin, John Bitove, Dan Debow, Stewart Lyons, Joe
Canavan & Freycinet Investments
Ayodele George

4. • Seedups is an online matching engine for
entrepreneurs seeking seed stage funding from a
crowd of Accredited Investors.
• Category: Lending
• url: www.seedups.com
• Founder/CEO: Michael Faulkner
• List of investors: N/A
Ayodele George

5. • Fundthrough helps successful entrepreneurs build
their businesses even more quickly by providing lines
of credit
• Category: Lending
• www.fundthrough.com
• Founders: Steven Uster, Graham McBride & Deepak
Ramachandran
• List of investors: N/A
Ayodele George

6. • Financeit is a consumer lender offering affordable
monthly payments to customers from any web enabled
device
• Category: Lending
• url: www.financeit.io
• Founder CEO: Michael Garrity
• List of investors: TTV Capital, Inter-Atlantic Group, and
Second City Capital.
Ayodele George

7. • EidoSearch applies advanced information processing
techniques to make the world's time series data
searchable. Markets include: Equities,Futures & FX
• Category: Analytics
• url: www.eidosearch.com
• Founder CEO: Xiao-Ping (Steven) Zhang
• List of investors: N/A
Ayodele George

8. • Control’s mission is to help business monitor,
manage, and measure the most critical part of their
operations: payments
• Category: Analytics
• url: https://www.getcontrol.co/
• Founder/CEO: Kathryn Loewen
• List of investors: Vanedge Capital and BDC Capital Inc
Ayodele George

9. • Wealthsimple is a simple yet sophisticated
technology-driven investment manager.
• Category: Investment Management
• url: www.wealthsimple.com
• Founder CEO: Michael Katchen
• List of investors: Joe Canavan, Roger Martin, David
Ossip, Dan Debow, and Impression Ventures – a new
Canadian Venture Capital firm.
Ayodele George

10. • WealthBar is Canada's only full-service online portfolio
management and financial advisory
• Category: Investment Management
• url: www.wealthbar.com
• Founder CEO: Tea Nicola
• List of investors: N/A
Ayodele George

11. • Nest Wealth is the first online automated wealth
management platform in Canada.
• Category: Investment Management
• url: www.nestwealth.com
• Founder CEO: Randy Cass CFA, LLB, MBA
• List of investors: N/A
Ayodele George

12. • Smart Money Capital is an automated DIY investment
service with “light advice” capabilities
• Category: Investment Management
• www.smartmoneyinvest.ca
• Founder/CEO: Nauvzer Babul
• List of investors: N/A
Ayodele George

13. • Nvest is a performance-tracked stock recommendation
platform that helps investors gain credible information
about the market.
• Category: Recommendation engine
• url: www.nvest.me
• Founder/CEO: Fredrick Zhou
• List of investors: N/A
Ayodele George

14. • Blockstream was founded to develop new ways to
accelerate innovation in crypto currencies, open
assets and smart contracts.
• Category: BlockChain
• url: www.blockstream.com/
• CEO: Austin Hill
• List of investors: LinkedIn co-founder and Airbnb
board member Reid Hoffman, Khosla Ventures, Real
Ventures, Crypto Currency Partners, Google chairman
Eric Schmidt’s Innovation Endeavors, FuturePerfect
Ventures, Mosaic Ventures, Ribbit Capital and Yahoo
co-founder Jerry Yang’s AME Cloud Ventures.
Ayodele George

15. • Ethereum can be used to codify, decentralize, secure &
trade just about anything: financial exchanges,
crowdfunding, company governance, contracts,
intellectual property, etc.
• Category: BlockChain
• url: https://www.ethereum.org
• Founder/CEO: Vitalik Buterin
• List of investors: N/A
Ayodele George

16. • Zafin is a provider of relationship banking software
solutions for Retail, Corporate, Wealth Management
and Correspondent Banking
• Category: Relationship Management
• url: www.zafin.com
• Founder/CEO: Al Karim Somji
• List of investors: Kane Partners, Kayne Anderson
Capital Advisors, Beedie Capital Partners
Ayodele George

17. • Streetcontxt is a global communication platform for
the institutional financial community, focused on
timely and quality connections based around quality
content and insight.
• Category: Relationship Management
• url: www.streetcontxt.com
• Founder/CEO: Blair Livingston
• List of investors: iNovia, formation | 8 & Social
Leverage
Ayodele George

18. • Koho is a banking for millienials to launch 2015
• Category: Banking
• url: www.koho.ca
• Founder/CEO: Daniel Eberhard
• List of investors: iNovia, formation | 8 & Social
Leverage
Ayodele George

19. • ZenBanx Canada was founded in 2014 to introduce
Canadians to a simple and secure multi-currency
savings account for Citizens of the World
• Category: Banking
• url: www.zenbanx.ca
• Founder/CEO: Arkadi Kuhlmann
• List of investors: Subsidiary of DUCA Financial Services
Ayodele George

20. • TickSmith offers cloud services and managed
platforms to provide specific solutions to participants
in the brokerage and trading ecosystem
• Category: Infrastructure
• url: www.ticksmith.com
• Founder/CEO: Francis Wenzel
• List of investors: N/A
Ayodele George

21. • Kooltra is a provider of cloud based platform built to
optimize and revolutionize foreign exchange trading
operations by offering cutting-edge technologies to
financial institutions
• Category: Infrastructure (Capital Markets)
• url: www.kooltra.com
• Founder/CEO: Adam Katz
• List of investors: Relay Ventures
Ayodele George

22. • Social based platform for P2P money transfer between
friends and individual
• Category: P2P
• url: http://www.paywithpayso.com/
• Founder/CEO: Jake Tyler
• List of investors: N/A
Ayodele George