Karsten Wenzlaff, Advisor
August 26th, 2025
Karsten Wenzlaff is a Crowdfunding and Fintech Expert from Germany. He is Secretary-General of Digit[...]
Canada’s Fintech and AI Firms Lead Deloitte’s 2025 Fast 50
Fintech | Oct 28, 2025
Image: Freepik/starline
Deloitte’s 2025 Fast 50 Highlights Fintech and AI Innovators Driving Canada’s Tech Growth
On October 23, 2025, Deloitte Canada released its annual 2025 Technology Fast 50 rankings, recognizing the country’s fastest growing innovators based on verified three-year revenue growth from companies that self-submitted their data for evaluation. The program celebrates excellence across technology, media, and telecommunications sectors, including fintech, AI, clean technology, software, and cybersecurity.
Calgary-based Neo Financial achieved the first ever three-peat by ranking first in the Enterprise Industry Leaders category three years in a row, with an outstanding 1,279% growth, providing credit cards, everyday accounts, high interest savings accounts (HISA) and mortgages to over one million Canadian clients.
See: How Competition Powers Canada’s Economic Growth
Andrew Chau, CEO & Co-Founder, Neo Financial:
"While we didn't get into this business for the awards, this recognition serves as yet another example of the need for modern, rewarding financial experiences among Canadians. It's something legacy institutions have failed to deliver for far too long. We're focused on building financial products that actually help Canadians get ahead. In the last year alone, Neo has saved Canadians more than $110 million in fees, showing what's possible when financial products are designed to give Canadians more, not take more."
The 2025 results highlight how fintech, automation, and AI are powering Canada’s innovation economy. NCFA congratulates all of this year’s Fast 50 winners and invites readers to explore the breakdown of fintech and AI leaders featured in Deloitte’s report below. Together, these companies represent the innovative edge of Canada’s fintech and AI economy, and are at the forefront of technology, talent, and trust as they continue to drive financial innovation.
Technology Fast 50
Recognizes Canada’s fastest-growing technology firms by three-year revenue growth.
| Company | Rank | Growth % | Overview |
|---|---|---|---|
| CapIntel | 2 | 9,255% | Wealth technology helping advisors deliver better investment presentations. |
| Float | 9 | 5,601% | Fintech offering corporate cards and spend management tools. |
| Relay | 12 | 4,257% | Business banking platform providing cash visibility and team controls. |
| nesto | 13 | 4,074% | Digital mortgage lender offering fully online approvals and funding. |
| Novisto | 15 | 2,910% | ESG data and reporting software for companies and investors. |
| ZayZoon | 22 | 1,487% | Earned wage access provider improving employee financial wellness. |
| Apaylo | 37 | 648% | Payments infrastructure offering EFT, wires, and business banking rails. |
| Flare | 38 | 639% | Cybersecurity platform monitoring and reducing digital exposure risk. |
| Zensurance | 41 | 601% | Online insurance brokerage simplifying coverage for small businesses. |
| Forma.ai | 44 | 573% | AI-driven automation for sales compensation and performance planning. |
| Conquest Planning | 46 | 542% | AI financial planning platform for advisors and institutions. |
| BOXX Insurance | 49 | 512% | Cyber insurance provider combining coverage with digital risk tools. |
| OWL.CO | 50 | 499% | AI analytics for insurers to detect fraud and improve risk decisions. |
Enterprise Industry Leaders
Celebrates large technology companies demonstrating strong three-year growth in revenue and scale.
| Company | Rank | Growth % | Overview |
|---|---|---|---|
| Neo Financial | 1 | 1,279% | Consumer banking platform with credit cards, savings, and mortgages. |
| KOHO | 2 | 559% | Everyday banking alternative with prepaid credit, savings, and credit build. |
| Financeit | 4 | 355% | Point-of-sale financing that helps merchants offer installment plans. |
| Lightspeed | 6 | 318% | Commerce platform for retailers and restaurants with embedded payments. |
| Hopper | 9 | 282% | Travel marketplace with fintech products that reduce price risk for users. |
| Propel Holdings | 10 | 279% | Public fintech that provides credit access through digital channels. |
| Clutch | 12 | 266% | Online auto platform with financing options at checkout. |
Companies to Watch
Highlights high-growth emerging firms on track for future Fast 50 placement.
| Company | Rank | Growth % | Overview |
|---|---|---|---|
| Optable | 5 | 761% | Privacy-first data clean room that enables secure audience collaboration. |
| FundMore | 6 | 708% | AI mortgage platform that automates underwriting and decisioning. |
| Quandri | 8 | 664% | Automation software that removes repetitive work for insurance agencies. |
| WonderFi | 9 | 535% | Crypto company operating regulated Canadian digital asset exchanges. |
And in connecting with the FundMore team, they are incredibly proud of their work and mission to help lenders fund more, faster. Chris Grimes, CEO FundMore said (Listen: Fintech Fridays EP43: Taking the Mortgage Process From 40 Days to Minutes):
“This recognition reflects the tireless work of our entire team and our mission to help lenders fund more, faster. I couldn’t be prouder of what we’ve built, and where we’re headed."
Congratulations
NCFA congratulates all of the companies recognized in Deloitte’s 2025 Fast 50 for their outstanding growth and innovation!
The 2025 Deloitte Fast 50 results confirm that fintech and AI are no longer niche parts of Canada’s economy. They're defining the future. Neo Financial’s three-peat historical achievement, alongside high growth companies such as CapIntel, KOHO, Float, FundMore, and WonderFi are building financial systems that are more efficient, inclusive, and globally competitive.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create aa vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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