From mobile payments to cybersecurity, trading analytics to blockchain, Ontario is a global leader in fintech. Toronto, Ontario is North America’s second-largest financial hub behind New York with over 600 fintech firms, 12,000 financial services firms, and nearly 380,000 financial services professionals.

Ontario fintech firms are finding success on the global stage. Whether you are considering relocating your fintech firm or you’re looking for that ‘right fit’ for your fintech business goals, you need look no further than Ontario!

Meet 12 Ontario finovators who are:

Solving the banking industry’s biggest problems
CPQi provides managed services, including building, implementing, and supporting financial markets systems. They focus on digital transformation, predictive artificial intelligence, DevOps and cloud migration and have worked with the world’s biggest names in banking, providing them cost-effective, innovative solutions.

Building enterprise AI you can trust
DarwinAI enables enterprises to build AI they can trust. Based on years of distinguished scholarship, the company’s patented explainability technology accelerates advanced deep learning design.

Empowering independent entrepreneurs to chase their dreams
Faire, an innovative online marketplace, uses machine learning to match local retailers with the brands of products that uniquely fit their stores. Faire connects brands and boutiques from all over the world; they’ve built a thriving community of 100,000+ small business owners.

Building a financially healthy Canada
Innovate Financial Health (IFH), a national non-profit focused on advancing technology solutions that improve the financial lives of Canadians, works with start-ups, community organizations, investors, financial institutions, and researchers to build a more financially healthy Canada.

Ushering in a new era of banking
KOHO Financial is a challenger bank that provides no-fee spending accounts with instant cash back and a money management app designed to simplify personal finances.

Leading the world’s transition to digital cash
nanopay operates as an integrated loyalty and payment platform, providing domestic and cross-border payments and cash and liquidity management solutions for retail and e-commerce merchants.

Transforming the world’s access to the fixed income market
Overbond, an AI quantitative analytics provider for institutional fixed income capital markets, offers data aggregation solutions and a comprehensive suite of AI algorithms for bond pricing, trade workflow automation, pre-trade signals and market surveillance.

Building the Financial Services of the future
Salt Edge specializes in intercommunication and interoperability between FinTech and banks, banks and other banks, as well as banks and loan companies. Their Open Banking API solutions enables their clients to connect to 5000+ banks in 50+ countries.

Providing cybersecurity peace of mind
SecureKey, an identity and authentication leader, simplifies consumer access to online services and applications through next generation privacy-enhancing services. Consumers can conveniently and privately assert identity information using trusted providers to connect to critical online services with a digital credential they already have and trust, while ensuring that information is only ever shared with explicit user consent.

Rewriting the rules of the modern economy
Shopify is the number one eCommerce Platform for all businesses. With over one million businesses on board, Shopify not only enables businesses to start, run and grow, but also offers innovative options and supports for both merchants and customers alike. Shopify offers a complete suite of solutions including Shopify Pay, Shopify Pay Installments, Shopify Balance and Shopify Capital.

Elevating ordering and delivery
Smooth Commerce is a fully-integrated technology platform designed to deepen the connection between retail merchants and their customers. Smooth Commerce supports customers with mobile payment functionality, order-ahead, loyalty rewards, offers and promotions while at the same time delivering data analytics, customer behaviour insights and more to merchants.

Building the world’s most human financial company
Wealthsimple provides a suite of online products including Wealthsimple Invest – a roboadvisor service for novice investors, Wealthsimple Trade – a discount brokerage service, and Wealthsimple Cash – a no-fee hybrid savings and chequing account. The firm, with 1.5 million+ clients, holds over $8.4 Billion in assets under management.

Sector/subsector: 

November 13, 2020
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