Key Canadian FinTech investment stats in Q2 2025:
- Canadian FinTech surged by 2.3x YoY in Q2
- Average deal value increased to $19.2m as investors loosened their purse strings
- Conquest Planning, a FinTech specialising in AI-driven financial planning software, secured one of the biggest Canadian FinTech deals of the quarter with an $80m Series B funding round
Canadian FinTech surged by 2.3x YoY in Q2
In Q2 2025, the Canadian FinTech sector saw a drastic increase in funding, even as deal activity declined compared to the same quarter last year.
A total of 25 deals were completed in Q2 2025, representing a 7% decrease from the 27 deals recorded in Q2 2024.
Despite the drop in deal volume, funding surged to $481m in Q2 2025—marking a 2.3x increase from the $205m raised in Q2 2024.
This divergence suggests a strategic shift in investor behaviour, favouring fewer but larger deals, potentially reflecting greater confidence in select high-growth opportunities.
On a QoQ basis, the number of deals in Q2 2025 rose slightly from 20 in Q1 2025 to 25 deals, up 25%.
Funding also more than doubled from $221m in Q1 2025, representing a 2.2x increase QoQ.
The combined growth in deal count and capital suggests renewed momentum in the Canadian FinTech ecosystem, driven by high-value investments.
Average deal value increased to $19.2m as investors loosened their purse strings
The average deal value in Q2 2025 was $19.2m, up sharply from $8.3m in Q2 2024 and $11.1m in Q1 2025.
This rise in average deal size indicates that investors are showing increased conviction in scaling FinTech firms, with larger capital deployments aimed at supporting mature startups or expansion-stage players amid growing market optimism.
Conquest Planning, a FinTech specialising in AI-driven financial planning software, secured one of the biggest Canadian FinTech deals of the quarter with an $80m Series B funding round
The round was led by Growth Equity at Goldman Sachs Alternatives.
The Winnipeg-based company provides a platform that empowers financial advisers and customers to make adaptive, life-stage-specific financial decisions through its flagship Strategic Advice Manager (SAM).
The fresh capital will fuel its expansion in the US market and support the development of SAM Bytes, a new offering targeting self-directed investors navigating key financial milestones such as home purchases and debt management.
Backed by investors including Canapi Ventures, BDC Capital, Citi Ventures, TIAA Ventures, USAA, BNY, and Portage, Conquest continues to scale globally with enterprise clients in the US and UK.
With over 60% of Canadian financial advisers already on its platform and nearly 1.5 million plans created, the firm is reinforcing its position as a leader in digital financial advice.
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