The startups selected for inclusion in the market map below are all Canada-headquartered VC-backed fintech companies with at least US $1M in equity funding, and have obtained equity funding since the start of 2015. In addition, startups that have a CB Insights’ Mosaic score greater than or equal to 300 are also included, implying more promising health and growth potential.

Startups headquartered in Ontario dominate the table, with over 40 fintech companies from this market map headquartered in the Greater Toronto Area. Vancouver and Montreal came in second and third, respectively, with 25 fintech startups headquartered between the two. We expect that this cohort will change over time as new entrants emerge and gain prominence, and others falter or exit.

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