Real-world tech innovation happening in Canada
Canada is quickly becoming a leader in real-world tech innovation, known not just for talent but for building practical, scalable technologies that make a measurable impact in everyday life
CANADA IS RAPIDLY emerging as a global leader in real-world tech innovation, particularly across fintech, e-commerce, and gaming sectors. Canadian companies are not only adopting cutting-edge technologies like artificial intelligence (AI), Interac-based instant payments, and cryptocurrency wallets but are also developing unique solutions tailored to the evolving needs of consumers and businesses.
In Canada’s thriving tech ecosystem, fintech is one of the most dynamic sectors. Alongside major players like Wealthsimple, which has evolved into a one-step financial services platform, other industries like the online casino market are also offering newer technologies to enhance user experience. Many new Canadian casinos, as highlighted by Viola D’Elia, are integrating features like instant withdrawals, live dealer games, and enhanced security protocols through blockchain and AI. These innovations mirror the broader trend seen across fintech companies like Koho, a mobile-first neobank offering real-time insights and smart savings features. Both sectors are leaning into technology, not just for convenience but to transform how users engage with money, games, and everyday transactions.
In the realm of payment processing, Nuvei, headquartered in Montreal, has made significant strides. Nuvei provides businesses with a robust platform supporting over 150 currencies and multiple payment methods, including cryptocurrency transactions. The company’s global reach and commitment to innovation have positioned it as a key player in facilitating seamless, secure payments for merchants worldwide.
Moneris, a joint venture between the Royal Bank of Canada and the Bank of Montreal, is another major player in Canada’s payment processing industry. With a focus on providing comprehensive payment solutions, Moneris supports a wide range of payment methods, including Interac, Visa, Mastercard, and mobile wallets. The company’s integration of fraud protection services and partnerships with technology firms like Kount demonstrate its commitment to secure, innovative payment processing.
Montreal-based Flinks is revolutionizing financial data connectivity by enabling businesses to access and utilize consumer financial data securely. Flinks’ platform allows for seamless integration of financial services, such as account verification and transaction history analysis, facilitating more personalized and efficient financial products for consumers.
In the cryptocurrency space, Shakepay, also based in Montreal, offers a user-friendly platform for buying and selling Bitcoin and Ethereum. The company has expanded its services to include features like direct deposit, bill payments, and Interac e-transfers, bridging the gap between traditional banking and digital currencies. Shakepay’s Visa prepaid card allows users to earn Bitcoin cashback on purchases, further integrating cryptocurrency into everyday financial activities.
Chimoney, a Toronto-based startup, is enhancing global payment solutions by enabling users to send money to over 100 countries using just an email address or phone number. The company’s integration of the Interledger Protocol allows for seamless, multi-currency transactions, catering to the needs of freelancers, businesses, and individuals seeking flexible, cross-border payment options.
In the e-commerce sector, Shopify, headquartered in Ottawa, continues to empower entrepreneurs with its comprehensive platform for building and managing online stores. Shopify’s integration of AI-driven tools and support for cryptocurrency payments demonstrates its commitment to staying at the forefront of technological advancements, providing merchants with innovative solutions to grow their businesses.
Clearco, formerly known as Clearbanc, offers revenue-based financing solutions for e-commerce businesses. By leveraging AI to assess a company’s financial health and growth potential. Clearco provides non-dilutive capital to help businesses scale without giving up equity. This approach has supported numerous online retailers in expanding their operations and reaching new markets.
In the gaming industry, Shopify has extended its innovative approach by launching Shopify Rebellion, an esports organization competing in various games such as Valorant, Dota 2, and League of Legends. This venture reflects Shopify’s dedication to supporting digital communities and exploring new avenues for engagement within the gaming ecosystem.
Toronto-based Eleven Holdings Corp, co-owned by NHL player Zach Hyman, has made significant contributions to the esports scene through its team, SoaR Gaming. With a strong presence in games like Valorant and a commitment to content creation, SoaR Gaming exemplifies the fusion of traditional sports and digital entertainment, fostering a new generation of competitive gaming.
These Canadian companies across the fintech, e-commerce, and gaming sectors showcase the country’s dynamic approach to integrating advanced technologies into real-world applications. Whether it’s a fintech platform offering real-time financial insights through machine learning, an e-commerce brand using AI to personalize shopping experiences, or gaming platforms that incorporate blockchain-backed assets and crypto wallets to secure in-game purchases, Canada’s tech landscape is rapidly evolving.
This widespread adoption of cutting-edge tools like AI, instant payments, and cryptocurrency solutions is reshaping user expectations and setting new standards across industries. By seamlessly embedding these innovations into user-centric platforms, these companies are not only enhancing convenience, speed, and personalization but also pushing the boundaries of what’s possible in the digital space. In doing so, they are helping to position Canada as a serious contender in the global race for technological leadership, known not just for talent but for building practical, scalable innovations that make a measurable impact in everyday life.