Canada’s fintech sector is entering a phase of rapid growth, driven by growing demand for digital financial solutions and strong investor support.
In 2024, Canadian fintech startups have secured significant funding and formed key partnerships, reflecting the industry’s potential for innovation and scalability.
In this article, we highlight ten Canadian fintech startups poised to make major strides in 2025. From streamlining home loans to simplifying payroll and improving financial tools for newcomers, these companies meet critical market needs.
As digital transformation accelerates, fintech startups are reshaping the way Canadians manage money, invest and access credit. These companies are leading the way in revolutionizing finance, driving accessibility and setting the stage for the future of the Canadian financial ecosystem.
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Baseline Financial, founded in Toronto by Shaye Wali, Jonathan Keebler and Sergio Santinelli, offers a comprehensive loan management system tailored to the private real estate lending industry. Their platform integrates point of sale, loan origination, servicing and investor management into a single solution, streamlining operations for private lenders.
In 2024, Baseline obtained $2.2 million in funding led by N49P, with participation from Exit North Ventures and angel investors, positioning the company for accelerated growth in the private lending market. With its innovative approach to simplifying private lending processes, Baseline is poised to make significant strides in the fintech industry.
Tag
Founded in 2023 by Stuart Szabo and Aditya Mhatre, Beacon is a Toronto-based fintech startup dedicated to simplifying financial transitions for immigrants to Canada. Their MyBeacon Super app offers tools like Beacon Money, a digital wallet launching in January 2025, and Beacon Remit, facilitating seamless money transfers from India.
In 2024, Beacon has raised $5.25 million in seed funding and in partnership with organizations like Deloitte And BMO to improve services for newcomers. Through its innovative solutions, Beacon is poised to have a significant impact on the financial integration of immigrants in 2025.
Bloom
Bloom, founded in 2021 by Ben McCabe, offers reverse mortgages to Canadians aged 55 and older, helping retirees unlock home equity and gain financial flexibility. Initially serving Ontario, fintech expanded to British Columbia and Alberta in 2023. The same year, Bloom raised $7 million in Series A funding led by SixThirty Ventures.
In 2024, the company launched the Bloom Home Equity Prepaid Mastercardthus further meeting the financial needs of retirees. Through user-friendly tools and accessible solutions, Bloom aims to empower Canadian homeowners and stands out in the growing market for innovative equity release products.
Bloom
Founded in 2021 by Maxwell Nicholson, Annika Ng, Kartik Bhutani and YouTuber Brandon Beavis, Blossom is a Vancouver-based fintech startup that has become Canada’s largest social network for retail investors. With over 200,000 members and $1 billion in connected assets, Blossom allows users to share portfolios, trades and investment ideas supported by real-time brokerage data.
Named “Essential Financial App of 2024” and one of the The 25 best Apple apps of 2025Blossom has generated $1.1 million in revenue in 2024 through partnerships with major financial institutions such as BMO ETFs, Vanguard and Global angel investors, venture capitalists and usersBlossom plans to double its user count and revenue in 2025 by expanding into the US market and launching a web app to complement its mobile experience.
Location.AI
Leasey.AI, founded in 2021 by brothers Carlos and Juan Leal, is a Vancouver-based proptech startup that automates property management tasks for residential landlords and property managers. The platform streamlines leasing processes by automating lead responses, tenant pre-qualification, and scheduling, significantly reducing manual workloads.
In 2024, Leasey.AI secured a $100,000 investment from Toronto Metropolitan University’s DMZ Ventures, boosting its credibility in the fintech sector. The company has also integrated with platforms such as Zillow and Rental Beast to expand listing reach and partnered with screening specialists Certn, SingleKey and VeriFast to reduce fraud in real estate transactions.
Loop
Founded in 2015 by Cato Pastoll, Toronto-based Loop provides small and medium-sized businesses (SMEs) with tools to manage cross-border payments, foreign exchange and treasury operations. In 2024, Loop launched the Loop Global Visa Card, Canada’s first business credit card designed specifically for SMBs to streamline cross-border purchases.
Raised loop a funding round of 6.4 million dollars led by Luge Capital in 2024, building on an earlier fundraising of $4 million in 2022. By reducing banking fees and streamlining international finances, Loop positions itself as a key innovator for SMEs navigating markets worldwide.
Number
Founded in 2023 by Simon Bourgeois, Drew Millington and Kevin Langlois, Nmbr is a Toronto-based fintech startup that offers API-based payroll solutions tailored to the Canadian market. In 2024 Number secured $7.6 million in seed funding to improve its platform, allowing businesses to efficiently integrate payroll services.
Nmbr’s precision tax engine ensures compliance across all Canadian jurisdictions, addressing the complexities of regional payroll regulations. With plans to power a significant portion of Canada’s payroll products by 2025, Nmbr is poised to transform payroll management nationally.
Quickly
Quickly is a fintech startup specializing in advance payment platforms (EPP) for small and medium-sized businesses. Founded in Calgary in 2022 by Kyle Friedman and Ammar Memon, Quickly earned a $10 million funding round in 2023, led by Thin Air Labs, with participation from Plug and Play and ATB Financial, to support expansion and growth in the United States.
By 2024, Quickly has enhanced its platform by integrating with Sage Intacct, streamlining financial operations for construction companies. With a 500% increase in customer adoption in 2023, Quickly is poised to make a significant impact on the fintech landscape in 2025.
Uplink
Uplinq, founded in 2021 by Ron Benegbi and Patrick Reily, is a Toronto-based fintech startup that offers AI-powered credit scoring and risk assessment for small business lenders. Its platform analyzes more than 10,000 data sources and billions of datasets across more than 150 countries, providing real-time insights that help lenders expand access to credit to SMEs, particularly underserved segments and minorities.
In 2022, Uplinq raised $4.75 million in pre-seed funding from N49P, Surface Ventures, Cambrian Ventures and ATX Venture Partners. In 2024, she won the “Lendtech of the Future, Credit Decisioning” award at the Banking Tech Awards USA and was a Finovate Prize Finalist for the most effective AI-based solution. Committed to expanding access to fair credit globally, Uplinq is poised for fintech growth in 2025.
Zown
Founded in 2021 by Rishard Rameez, Nabeel Rushdi, Mak Pashang, Jake Guenther and Vinura Abeysundara, Zown streamlines the process of buying and selling homes in Ontario. The platform guides homeowners through every step, from pre-qualification to closing, with a mission to make homeownership more accessible and affordable. Zown has grown to over 300 real estate agents and 15,000 clients across the province, closing over 200 homes and surpassing $100 million in sales.
In the last year alone, Zown has facilitated over $100 million in transactions and provided $3 million in down payment assistance, helping over 200 Canadians become homeowners. By 2026, the company aims to help more than 1,000 Canadians bridge the gap between savings and homeownership.