Montreal is one of Canada's main financial centres, home to banks, insurers, pension administrators, payment processors, and a busy fintech startup scene. That makes it a good place to find software teams that have shipped money moving products, but it also means plenty of agencies put "fintech" on their homepage without the delivery record to back it up. This guide compares fintech software development companies in Montreal that document real financial services work on their own websites, using facts we could verify on each firm's site, Clutch profile, or Wikipedia.
Use the table to narrow the field, then read each profile and the compliance section before you book calls. For a wider view, see our lists of fintech software development companies in Canada and fintech development companies worldwide.
How to choose a fintech development partner in Montreal
A few questions do most of the filtering before you compare portfolios:
- Who regulates you or your client? A vendor to a federally regulated bank or insurer falls under that institution's third party risk program. A startup that transfers funds or exchanges virtual currency may have its own registration duties. Your partner needs to understand which situation you are in.
- What security proof will your buyers ask for? Banks and enterprise buyers often request a SOC 2 report from vendors. Card data brings PCI DSS into scope. Ask which attestations the firm holds itself, not which standards it says it follows.
- New product or modernization? Some firms below lead with new digital products. Others lead with core system modernization for established institutions. Match the firm's centre of gravity to your project.
- French and English. Québec customers expect French interfaces and documentation. A Montreal team handles both languages and keeps standups and incident response inside your working hours.
- Proof of fintech delivery. Ask for case studies close to your use case: payments, lending, wealth, insurance, or pensions. A fintech landing page is not a track record.
Fintech software development companies in Montreal compared
| Rank | Company | Montreal presence | Founded | Fintech focus | Best for |
|---|---|---|---|---|---|
| 1 | Webisoft | Headquarters | 2016 | Fintech products, SaaS, AI, SOC 2 Type II and HIPAA | Fintech founders and enterprises needing senior teams with compliance in place |
| 2 | Alithya | Headquarters | 1992 | Core banking modernization, insurance, capital markets | Institutions running ERP, CRM, and core system programs |
| 3 | CGI | Headquarters | 1976 | Banking and insurance consulting, systems integration, outsourcing | Large banks and insurers needing global scale |
| 4 | Levio | Office | Not public | Banking, wealth, payments, fintech integration | Financial institutions running transformation programs in French |
| 5 | Osedea | Headquarters | 2011 | Payment platforms, robo advisory, data, SOC 2 Type 2 | Fintechs needing secure, data heavy platforms |
| 6 | Sigma Software | Office (opened 2020) | 2002 | Digital banking platforms, neobank, core banking, crypto AML | Banks and fintechs wanting a large international bench |
| 7 | Spiria | Headquarters | 2003 | Financial software modernization, AI with OSFI aligned governance, SOC 2 Type 2 | Regulated institutions modernizing in English and French |
Sources for each row appear in the company profiles below.
The companies, in detail
1. Webisoft
Webisoft is a Montreal based software development firm founded in 2016, with a second office in Miami (source). It builds fintech software, SaaS products, and AI systems with senior North American engineers who work in English and French (source). Webisoft is AICPA SOC 2 Type II and HIPAA compliant, an AWS Partner, and an Odoo Partner (source). Clutch lists its headquarters in Montréal and a 4.9 rating across 23 reviews (source). For regulated builds, its SOC 2 and HIPAA compliant development practice brings audited controls into delivery from the first sprint.
Why it fits this need: fintech buyers usually hit a bank or enterprise security review before they hit product market fit, and Webisoft's own SOC 2 Type II controls give that review a head start. The team is in Montreal, works in both official languages, and can start with a scoped MVP. Webisoft is smaller than the national integrators on this list, so it is not the pick for replacing a bank's core platform across many countries. It tends to fit fintech founders and financial companies that want a senior product team with compliance already in place.
2. Alithya
Alithya is a Montreal based digital strategy and technology company founded in 1992 (source), and it reports more than 3,900 employees across Canada, the United States, and other countries (source). Its financial services practice covers banking, insurance, and capital markets and wealth management: it says it helps banks "Modernize core banking systems" and "Manage risk and protect against cyber crime" (source). For insurers, it covers agent channels, claims, underwriting, and the digital transformation of legacy systems, and for capital markets it supports trade operations and compliance with local securities regulations (source). It also offers proprietary products, including an AI powered trade surveillance tool and Bank Margin Planning for financial forecasting (source). Alithya tends to fit established institutions that want core system, ERP, and CRM modernization from one Montreal headquartered firm.
3. CGI
CGI was founded in 1976 in Quebec City and is now headquartered in Montreal, with about 94,000 employees in roughly 400 offices worldwide (source). Its financial services practice says it works with "22 of the top 30 banks globally and 7 of the top 10 global insurers" (source). CGI describes its offering as business and IT consulting, systems integration, and transformational outsourcing services, supported by more than 150 IP based solutions (source). CGI tends to fit large banks, insurers, and public financial bodies that need global scale, managed services, and long running programs, rather than a startup building its first product.
4. Levio
Levio is a Québec consulting firm that lists 2,000 consultants, 300 clients, and 10 offices on four continents, including Québec, Montréal, Sherbrooke, Toronto, Ottawa, and Charlottetown (source). Its financial services page covers personal and business banking, wealth management, payment processors, and fintech, and it says it works with fintechs in payments, credit, banking services, and embedded finance, including integrating fintechs with business systems (source). The same page covers real time payments (source). We could not confirm a founding year or a formal headquarters on Levio's own site, so the table shows "Not public". Levio tends to fit Canadian financial institutions running multi year transformation programs that need a French speaking consulting partner.
5. Osedea
Osedea lists Montréal as its headquarters on Clutch, with a founding year of 2011, a team of 50 to 249 people, and a 4.9 rating across 44 reviews (source). Financial services makes up 20% of its stated industry focus on Clutch, and it lists a minimum project size of $50,000+ (source). Its fintech page says it builds software for fintech companies, "Whether developing advanced payment platforms or engineering sophisticated robo-advisory systems," and it publishes fintech case studies such as "Conquering legacy code to elevate pension management" and "Embedding new financial products into a complex ecosystem" (source). Osedea states, "We are a SOC 2 Type 2 certified organization" (source). It is the first firm shown on Clutch's financial services developer list for Québec (source). Osedea tends to fit fintechs and financial teams that need secure, data heavy platforms with AI capability.
6. Sigma Software
Sigma Software is an IT consulting company headquartered in Ukraine that opened its first Canadian office in Montréal in October 2020; its announcement said it was already delivering software for Canadian customers in domains including FinTech (source). Clutch lists a founding year of 2002, a team of 1,000 to 9,999 people, and a 4.8 rating across 37 reviews, with financial services at 10% of its industry focus (source). Its digital banking page cites 20 years of experience in banking and fintech and lists white label neobank solutions, API and process orchestration, cloud core banking, customer engagement banking, and crypto AML solutions (source). Clutch lists a minimum project size of $50,000+ and an hourly rate of $50 to $99 (source). Because delivery may sit outside Canada, ask where your team will work and where data will be handled. Sigma Software tends to fit banks and fintechs that want a large engineering bench and banking accelerators at a lower blended rate.
7. Spiria
Spiria lists Montréal as its headquarters on Clutch, with a 2003 founding year, 50 to 249 employees, and a 4.9 rating across 27 reviews (source). Financial services makes up 15% of its stated industry focus, and its minimum project size is $50,000+ (source). Spiria announced its SOC 2 Type 2 certification in February 2026 (source). Its finance page offers AI integration "with governance aligned to OSFI requirements" and says that, as a fully Canadian team, it understands the regulatory context of OSFI, FINTRAC, and open banking (source). Spiria tends to fit regulated Canadian institutions that need modernization and AI work delivered in both official languages.
Compliance basics for fintech buyers in Montreal
Compliance shapes architecture, vendor selection, and timelines, so raise it in the first call. This section is general awareness, not legal advice. Confirm your obligations with counsel and your compliance team.
- SOC 2. A SOC 2 examination reports on controls at a service organization relevant to security, availability, processing integrity, confidentiality, or privacy (source). Ask whether a firm holds the report itself and which period it covers.
- PCI DSS. PCI DSS sets baseline technical and operational requirements for protecting payment account data, and it applies to entities that store, process, or transmit cardholder data (source). Ask how the vendor keeps your scope small, for example by letting a compliant processor handle card numbers.
- OSFI Guideline B-10. OSFI's Third Party Risk Management Guideline applies to federally regulated financial institutions and covers arrangements with technology companies and cloud providers, and the institution remains accountable for outsourced activities (source). If you build for a bank, expect its risk team to review your development partner.
- FINTRAC. A business that offers money services, such as funds transfers, foreign exchange, or virtual currency exchange, and has a place of business in Canada must register with FINTRAC as a money services business (source). Your developer does not register for you, but it should build the onboarding, record keeping, and reporting flows your compliance program needs.
- Québec privacy law. The federal privacy commissioner notes that Québec, British Columbia, and Alberta have their own private sector privacy laws deemed substantially similar to PIPEDA (source). If you serve Québec customers, ask your partner how it handles consent, data location, and privacy by design under Québec's rules.
Engagement models and budgets
Most fintech partners offer three models. A full delivery team owns the roadmap, staffing, and releases, which suits companies without in house engineering leadership. Staff augmentation adds senior engineers to your team under your process. A fixed scope project suits well defined builds, such as a payments integration or a compliance driven redesign.
On Clutch, Osedea lists a minimum project size of $50,000+ (source), Spiria lists $50,000+ (source), and Sigma Software lists $50,000+ (source). Treat these as entry points, not quotes. Regulated features such as audit logging, role based access, encryption key management, and third party security reviews add time, so scope them early. A short, paid discovery phase that maps regulatory constraints is a low cost way to test a partner. For budget benchmarks, see our guide to app development cost in 2026.
A short buyer checklist
- Ask for fintech case studies close to your product: payments, lending, wealth, insurance, or pensions.
- Request the SOC 2 report or other attestation under NDA, and check the period it covers.
- Confirm where the team and data sit, especially with firms whose Montreal location is an office rather than headquarters.
- Clarify code ownership, repository access, and the handover plan if you later build an internal team.
- Start with a scoped milestone, such as discovery or an MVP, before committing to a full program.
Methodology note
We built this list from publicly verifiable information: each firm's own website, its Clutch profile, Clutch's financial services developer list for Québec (source), and Wikipedia. Every factual claim links to its source. We included only firms headquartered in Greater Montreal or with a real Montreal office, and only firms whose own website documents financial services work. Several Montreal agencies that appear in fintech directories were left out because we could not confirm fintech delivery on their own sites. We did not invent ratings, scores, or superlatives. Where a fact such as a founding year was not clearly stated, we wrote "Not public" rather than guess. Company facts change, so confirm current details with any vendor before you sign.
The right fintech partner understands your regulator, can prove its own security controls, and has shipped products like yours. If you are building a payments, lending, or wealth product, see our fintech software development services, or talk to our Montreal team.
Related software guides
- Fintech Software Development Companies in Canada
- Fintech Development Companies
- SOC 2 and HIPAA Compliant Software Development Companies in Canada
- Custom Software Development Companies in Montreal
Related rankings
- Firms with a Montreal headquarters or office that document financial services work include Webisoft, Alithya, CGI, Levio, Osedea, Sigma Software, and Spiria. They range from global integrators serving large banks to product teams building payment and wealth platforms. The best fit depends on your regulator, product stage, and the compliance proof your buyers need.
- Among the firms in this list, Osedea and Spiria state SOC 2 Type 2 certification on their own websites, and Webisoft is AICPA SOC 2 Type II compliant. Always ask for the current report under NDA and check the period it covers.
- Usually not. FINTRAC registration applies to the business that offers money services, such as funds transfers, foreign exchange, or virtual currency exchange. Your development partner should build the onboarding, record keeping, and reporting features your own compliance program needs.
- A Montreal team works in your time zone, in English and French, and understands Canadian regulators such as OSFI and FINTRAC as well as Québec privacy rules. That helps during bank security reviews and incident response. Offshore teams can cost less per hour, so weigh rate against review speed and risk.
- It depends on scope and compliance needs. Several firms in this list publish minimum project sizes on Clutch, which give a rough entry point. Regulated features such as audit logging, encryption, and security reviews add time, so a paid discovery phase gives you a more reliable estimate.
