Financial Services for
Ontario's Fintech Founders.
A senior CPA-backed team delivering bookkeeping, business plans, Fractional CFO and financial modeling built for the regulated way fintech and financial services companies actually operate — FINTRAC, OSFI, OSC and CIRO compliance, trust and segregated account discipline, interchange revenue recognition, IFRS 9 loan loss provisioning, SOC 2 and PCI DSS audit-readiness, cap tables and investor-grade board packages. Serving founders across Toronto Bay Street, Financial District, King West, Liberty Village, Ottawa Kanata regtech and the broader Ontario fintech ecosystem.
Built for Regulated Finance, Trust Accounting & VC Diligence.
Fintech finance isn't SaaS finance with a payments module. It's a distinct discipline anchored in regulatory reporting (FINTRAC, OSFI, OSC, CIRO), trust and segregated account discipline, revenue recognition on interchange and float, and IFRS 9 loan accounting. Generic accountants routinely fumble every one of these.
CPA-supervised, regulator-aware
Every fintech engagement is led by a senior CPA who's already worked with regulated fintech at your stage — pre-approval, MSB-registered, OSFI-regulated or CIRO-registered. No junior handoffs, no offshore delegation. Regulatory posture and financial controls treated as inseparable from day one.
Trust & segregated account depth
Customer trust liability tracking, segregated fund reconciliation to the penny, daily fund flow reconciliation between operating and trust accounts, sub-ledger to general ledger reconciliation for high-volume fintech, interest on customer funds, and CIRO/OSC segregated reporting. Getting trust wrong is one of the fastest ways to trigger a regulator examination.
Interchange revenue & payments fluency
Gross vs net revenue treatment under ASC 606, interchange fee categorization across Visa, Mastercard, Interac and other rails, scheme fee and network cost allocation, chargeback reserve accounting, merchant acquirer settlement discipline, and daily reconciliation between processor sub-ledgers and general ledger. Getting interchange wrong at scale distorts the P&L materially.
IFRS 9 loan loss provisioning depth
Lending fintech, BNPL platforms and consumer credit operators face IFRS 9 Expected Credit Loss (ECL) accounting that dramatically shapes reported financials. We handle 12-month vs lifetime ECL staging (Stage 1, 2, 3), forward-looking macro scenario modeling, PD and LGD coordination with your credit team, monthly provisioning journal entries, effective interest rate accounting, and portfolio disclosures.
Fintech VC & strategic coordination
Portage Ventures, OMERS Ventures, Georgian, BDC Venture Capital, Real Ventures, Inovia, US fintech VCs and the Big Five Canadian bank strategic investment arms all read fintech data rooms differently from generic SaaS diligence. Cap tables, waterfalls, term sheet review, board packages, regulator-aware investor updates — delivered the way fintech funders expect them.
Fixed fees, all four services under one roof
Fixed monthly retainer for CFO and bookkeeping. Fixed project fee for business plans and models. Bookkeeping, CFO, business plan and financial modeling from the same team, using the same numbers, telling the same regulator- and investor-ready story.
What Fintech Founders Actually Face.
Ontario is the undisputed capital of Canadian fintech and financial services. Toronto's Bay Street hosts Canada's Big Five banks (RBC, TD, BMO, CIBC, Scotiabank), Manulife, Sun Life and hundreds of asset managers and broker-dealers — and the fintech ecosystem sitting adjacent to that infrastructure is deeper than any other Canadian city by a wide margin. The Toronto fintech founder base spans neobanks and digital banking, payments and money movement, wealth management and robo-advisors, lending platforms and BNPL, insurtech, RegTech and AML/KYC providers, embedded finance and Banking-as-a-Service, and cross-border payments. Ottawa's Kanata corridor anchors deep-tech regtech and AML/KYC infrastructure providers, and Kitchener-Waterloo houses meaningful payments infrastructure and fintech back-office operations.
Fintech founders face finance realities that touch every part of the business at once. FINTRAC (Financial Transactions and Reports Analysis Centre of Canada) registration as a Money Services Business or Foreign Money Services Business creates ongoing AML/ATF (Anti-Money Laundering / Anti-Terrorist Financing) obligations that touch bookkeeping, invoicing, customer onboarding, transaction reporting and record retention. LCTR (Large Cash Transaction Report), STR (Suspicious Transaction Report) and EFTR (Electronic Funds Transfer Report) obligations require sub-ledger discipline most generic accountants have never built. Ongoing risk assessment updates, MLRO (Money Laundering Reporting Officer) coordination and FINTRAC examination readiness are constant. OSFI (Office of the Superintendent of Financial Institutions) governs federally regulated banks, insurers and pension plans with capital adequacy, liquidity coverage and financial condition reporting. OSC (Ontario Securities Commission) governs securities issuers and market participants with continuous disclosure and financial reporting. CIRO (Canadian Investment Regulatory Organization, formed in 2023 from IIROC and MFDA) governs investment dealers and mutual fund dealers. FCAC (Financial Consumer Agency of Canada) governs consumer protection at federally regulated financial institutions. Every one of these regimes has finance and financial-controls reporting obligations.
Trust and segregated account accounting is foundational fintech work. Any fintech holding customer funds — payment processors, e-money issuers, MSBs, wealth platforms, brokerages, escrow platforms — needs proper customer trust liability tracking, segregated fund reconciliation, daily fund flow reconciliation between operating and trust accounts, sub-ledger to general ledger reconciliation, interest earned on customer funds, and CIRO/OSC segregated reporting. Getting trust accounting wrong is one of the fastest ways to trigger a regulator examination and one of the most reputationally damaging events a fintech can face.
Revenue recognition for fintech is more complex than SaaS. Payment processors, card issuers and BNPL platforms face interchange revenue treatment under ASC 606 including gross vs net analysis, interchange fee categorization across Visa/Mastercard/Interac rails, scheme fee and network cost allocation, chargeback reserves, and merchant acquirer settlement. Lenders, BNPL platforms and consumer credit operators face IFRS 9 Expected Credit Loss (ECL) accounting — Stage 1/2/3 staging, forward-looking macro scenarios, probability of default and loss-given-default modeling, monthly provisioning journal entries, effective interest rate accounting, portfolio disclosures. Wealth management platforms face AUM reporting, management fee vs performance fee treatment, segregated fund reporting, and CIRO reporting. Insurance platforms face premium reserve accounting, unearned premium reserves and IFRS 17 insurance contract accounting. Every fintech sub-vertical has its own revenue and balance sheet quirks.
SOC 2 and PCI DSS audit readiness is table stakes for fintech serving enterprise customers or handling cardholder data. SOC 2 Type I and Type II financial-process documentation, financial-controls testing, segregation of duties, access controls over financial systems, and change management for accounting systems. PCI DSS financial-controls scope around cardholder data environments. These aren't optional for fintech companies growing into enterprise or moving into card issuance.
Layered on all of that: fintech fundraising due diligence is more intense than standard SaaS diligence because investors scrutinize regulatory posture and unit economics simultaneously. Cap tables, waterfalls, term sheet review, fintech-specific unit economics (CAC/LTV by product, revenue mix, take rate, float income, credit performance for lenders), regulator-aware data rooms, and coordination with Canadian fintech VCs (Portage Ventures, OMERS Ventures, Georgian, BDC Venture Capital, Real Ventures, Inovia), US VCs and Big Five Canadian bank strategic investment arms. What fintech founders need is senior finance leadership at Fractional pricing, regulator-aware fintech-specific expertise across FINTRAC, OSFI, OSC and CIRO regimes, plus fluency with Ontario's fintech VC ecosystem and Bay Street strategic dynamics. Ledgerive was built for exactly that.
Signs Your Fintech Needs Ledgerive.
The two service lines fintech founders reach for first are Bookkeeping (get the regulated fintech-specific accounting right from day one) and Business Plans (survive regulator and investor review). Here's how to tell when each is the right answer.
You Need Fintech Bookkeeping When…
Your fintech books either don't exist yet, are behind, or are wrong in ways that will hurt you at your next regulator review, funding round or SOC 2/PCI DSS audit. Regulated fintech accounting is a distinct discipline — and generic bookkeepers routinely miss trust accounting, interchange revenue, IFRS 9 and FINTRAC-aware sub-ledger discipline.
- You're pre-regulatory-approval and want trust accounting, FINTRAC and audit discipline built in from day one — not retrofitted at your first examination
- Trust or segregated fund reconciliation is off and daily fund flow reconciliation between operating and trust accounts is unreliable
- Interchange revenue isn't recognized properly and your gross/net treatment doesn't match ASC 606 — throwing off the P&L materially
- IFRS 9 loan loss provisioning is either missing entirely or inconsistent with how your credit team actually stages the portfolio
You Need a Fintech Business Plan When…
You have a real deadline — a regulatory application, a fundraise, a lender application, a bank sponsor partnership, or an immigration filing — and the plan has to be strong enough to actually get approved by regulators and investors simultaneously.
- You're preparing a FINTRAC MSB registration, an OSC prospectus or exemption application, or an OSFI regulatory application
- You're raising a pre-seed, seed or Series A round and need a proper pitch deck backed by fintech-specific unit economics and regulator-aware financials
- You're pursuing a Canadian bank sponsor partnership and need a plan strong enough to pass Big Five bank vendor due diligence
- You're applying for BDC Venture Capital, IRAP, CSBFP or a Canadian bank credit facility for growth or working capital
Regulator-Aware Bookkeeping & Business Plans.
The two services fintech founders lean on first, delivered end-to-end by a senior CPA-led team with deep fintech and regulatory specialization. Fractional CFO and Financial Modeling are available alongside as your stage requires.
Bookkeeping for Fintech & Financial Services
Monthly bookkeeping, catch-up bookkeeping, HST filings and payroll for regulated fintech — tuned to trust and segregated account accounting, interchange revenue recognition, IFRS 9 loan loss provisioning, FINTRAC-aware sub-ledger discipline, SOC 2 and PCI DSS financial-controls readiness, and the dual Delaware/Ontario structures common in fintech raising US VC. QuickBooks Online, Xero, NetSuite or Sage Intacct — reviewed by a CPA.
- Trust & segregated account reconciliation to the penny
- Interchange revenue recognition under ASC 606
- IFRS 9 loan loss provisioning (Stage 1/2/3 ECL)
- FINTRAC-aware sub-ledger & transaction discipline
- SOC 2 & PCI DSS financial-controls documentation
Business Plans for Fintech & Financial Services
Regulator-ready, investor-ready and lender-ready business plans for fintech founders — FINTRAC MSB registrations, OSC applications, seed and Series A/B/C pitch decks, Big Five bank sponsor partnership packages, BDC Venture Capital, IRAP, CSBFP and Canadian bank credit facilities. Written for exactly what each reviewer — regulator, VC, bank — actually wants to see.
- FINTRAC MSB & regulatory application packages
- Pre-seed, seed & Series A/B/C pitch decks
- Bank sponsor partnership & Big Five vendor packages
- BDC Venture Capital & IRAP funding plans
- Ontario PNP Tech Draw & Start-Up Visa plans
Also available for fintech founders:
Fintech Sub-Verticals & Ontario Cities We Cover.
Deep specialization across the fintech sub-verticals that actually define Ontario's ecosystem — and coverage across every core Ontario fintech city.
Fintech sub-verticals we serve
Our deepest fintech expertise — from payments to wealth to lending to regtech.
Ontario fintech cities we cover
Remote-first for everyone. On-site quarterly reviews available across every ecosystem below.
Remote-First, Regulator-Aware.
The engagement rhythm every fintech founder can expect — designed around your Slack, your compliance calendar, and your fundraising and regulator timeline.
Free 30-min discovery call
NDA before the call, always. We walk through your business, your regulatory posture, your stage, your investors, priorities and deadlines. Honest answer on fit inside the call itself — not a follow-up email.
Written proposal in 48 hours
Scope, deliverables, timeline and fixed fee — all in writing. If the scope needs to change, we redraft once for free. What we quote is what you pay.
Start in 3–5 business days
Engagement letter signed. Access granted to your QuickBooks/Xero, payment/ledger stack (Stripe, Adyen, Nuvei, banking core), bank feeds and prior financials. First deliverable — usually a trust reconciliation or cash snapshot — lands the same week.
Weekly cadence + regulator-ready
Standing weekly call, always-on Slack, monthly close by the 15th, regulator and board packages when needed, examination and audit support when the moment comes. No help-desk queue, no offshore relay.
What Fintech Founders Say After 90 Days.
We're a payments platform processing meaningful daily volume and our interchange revenue accounting was a mess — gross vs net treatment inconsistent, chargeback reserves not tracked, daily processor reconciliation done by hand. Ledgerive rebuilt the entire revenue side of the P&L to be ASC 606-compliant and fully reconciled. Our next audit went cleanly and our board finally trusts the revenue numbers.
Our wealth management platform was scaling AUM fast and our trust and segregated account discipline hadn't kept up. Ledgerive rebuilt trust reconciliation, tied it to daily fund flows, and prepared our CIRO reporting package. Our compliance team stopped losing sleep and our next regulator review passed without a single finding on the finance side.
Our lending platform was preparing a Series B and our prior firm had never touched IFRS 9. Loan loss provisioning was inconsistent, staging was wrong, and our unit economics didn't match what our credit team was seeing. Ledgerive rebuilt IFRS 9 from scratch — proper Stage 1/2/3, PD/LGD modeling with the credit team, monthly provisioning. Series B closed at the top of the range.
Our RegTech company sells AML/KYC infrastructure to banks so our own finance function had to look like something we'd actually recommend. Ledgerive built us SOC 2-ready financial controls, ASC 606-compliant revenue recognition on our enterprise contracts, and a data room that our lead Series A investor called the cleanest they'd seen from a fintech at our stage.
Questions Fintech Founders Ask.
Straight answers to the questions that come up on nearly every fintech discovery call.
Do you work with pre-regulatory-approval fintech startups?
Do you handle FINTRAC compliance for money-service businesses?
Do you understand OSFI, OSC and CIRO regulatory reporting?
Do you handle trust and segregated account accounting for fintech?
Do you handle interchange revenue recognition for payment fintech?
Do you handle loan loss provisioning under IFRS 9 for lending platforms?
Do you support Series A, B and C fundraising for fintech?
Do you handle SOC 2 and PCI DSS audit prep for fintech?
Which Ontario cities do you serve fintech companies in?
How quickly can you get started with a fintech company?
How do you handle pricing?
Ready to get finance right for your fintech?
30 minutes. NDA first. No pitch. Just a real conversation about your fintech, your regulatory posture, your next 12 months, and whether we're the right team to deliver the finance work behind them.