Key Canadian FinTech investment stats in 2025:
- Canadian FinTech funding stabilised in 2025 with a 15% YoY increase
- Deals over $100m rose by 32% as investors prioritised large deals
- Wealthsimple, a Toronto-headquartered WealthTech offering integrated investing, trading, digital assets, tax, payments, savings and advisory services, completed one of the biggest Canadian FinTech deals of the year with a $393m funding round
Canadian FinTech funding stabilised in 2025 with a 15% YoY increase
In 2025 the Canadian FinTech market saw a decline in deal activity but a recovery in overall funding compared to 2024, although both metrics remained significantly below 2021 levels.
Last year closed with 86 deals, marking a 24% drop from the 113 deals recorded in 2024 and a 65% decline from the 246 deals completed in 2021.
Despite weaker deal volume, total funding rose to $2.5bn in 2025, representing a 15% increase from the $2.2bn raised in 2024, but still down 42% from the $4.4bn recorded in 2021.
This shift reflects a continued move towards larger, more selective investments.
The average deal size increased sharply to $29.3m in 2025, up from $19.5m in 2024 and more than 65% higher than the $17.7m average recorded in 2021.
Deals over $100m rose by 32% as investors prioritised large deals
Funding composition further highlights the growing concentration of capital into larger transactions.
Deals valued under $100m totalled $721m in 2025, down 13% from $825m in 2024 and 65% lower than the $2.1bn recorded in 2021.
In contrast, deals valued at $100m or more reached $1.8bn in 2025, representing a 32% increase from the $1.4bn recorded in 2024 but still 21% below the $2.3bn raised in 2021.
This divergence suggests that while overall market activity remains compressed compared with peak-cycle levels, investor appetite for large-scale Canadian FinTech opportunities strengthened in 2025, offsetting weakness in smaller ticket deal activity.
Wealthsimple, a Toronto-headquartered WealthTech offering integrated investing, trading, digital assets, tax, payments, savings and advisory services, completed one of the biggest Canadian FinTech deals of the year with a $393m funding round
Which was co-led by Dragoneer Investment Group and GIC, valuing the company at $7.2bn.
Founded in 2014, the platform now serves around 3,000,000 users across Canada and has rapidly scaled its assets under administration, doubling from approximately $36bn to $72bn over the past year, reflecting strong retail adoption of digital-first wealth platforms.
The new capital will be used to accelerate product development across investing, spending and credit, including the rollout of its first credit card product, while also supporting strategic platform expansion and targeted acquisitions following its recent purchase of investing start-up Fey to bridge the gap between entry-level trading apps and full-service brokerage capabilities, further strengthening Wealthsimple’s position as a full-stack digital wealth infrastructure provider.
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