Portage Ventures

Portage Ventures is a Toronto-based venture capital firm specializing in fintech and financial services investments. It targets early-stage opportunities with global potential, backing promising fintech companies across Canada, the United States, and Europe. Founded in 2016, the firm focuses on helping startups scale in the financial technology sector.

Jake Bodanis

Principal

Stephanie Choo

Partner

Paul Desmarais

Executive Chairman

Hélène Falchier

Partner

Adam Felesky

Partner

Past deals in Ontario

KOHO

Series D in 2023
KOHO Financial Inc. is a financial technology company founded in 2014 and headquartered in Toronto, Canada. The company offers a digital banking platform that provides low-cost banking services through a prepaid, reloadable Visa-backed debit card and a user-friendly mobile application. This platform enables customers to conduct day-to-day banking operations and includes features such as financial goal setting, cash flow projections, group spending management, and detailed spending insights. By equipping users with these tools, KOHO aims to simplify money management and enhance the overall banking experience for its customers.

ChefHero

Series A in 2023
ChefHero Inc. is a technology company based in Toronto, Canada, that provides a mobile and web application designed for businesses in the food service industry to order wholesale restaurant supplies from regional suppliers. Founded in 2015, ChefHero serves a diverse clientele, including restaurants, bars, coffee shops, food trucks, and catering services. The platform streamlines the procurement process, allowing users to efficiently source necessary supplies while enabling chefs and food service professionals to focus more on their culinary creations. By connecting businesses with a network of dedicated suppliers, ChefHero enhances operational efficiency in the food industry.

KOHO

Series D in 2022
KOHO Financial Inc. is a financial technology company founded in 2014 and headquartered in Toronto, Canada. The company offers a digital banking platform that provides low-cost banking services through a prepaid, reloadable Visa-backed debit card and a user-friendly mobile application. This platform enables customers to conduct day-to-day banking operations and includes features such as financial goal setting, cash flow projections, group spending management, and detailed spending insights. By equipping users with these tools, KOHO aims to simplify money management and enhance the overall banking experience for its customers.

KOHO

Series C in 2021
KOHO Financial Inc. is a financial technology company founded in 2014 and headquartered in Toronto, Canada. The company offers a digital banking platform that provides low-cost banking services through a prepaid, reloadable Visa-backed debit card and a user-friendly mobile application. This platform enables customers to conduct day-to-day banking operations and includes features such as financial goal setting, cash flow projections, group spending management, and detailed spending insights. By equipping users with these tools, KOHO aims to simplify money management and enhance the overall banking experience for its customers.

Borrowell

Series C in 2021
Borrowell is a Toronto-based fintech that provides personal loans, unsecured consumer credit and an online lending marketplace. It offers free credit scores, credit education, and weekly monitoring, along with tools such as personalized credit coaching and AI-powered product recommendations to help customers access low-interest loans, manage debt, and improve financial well-being.

Flybits

Series C in 2019
Flybits Inc. is a Toronto-based company that specializes in a context-aware experience development platform tailored for the financial services sector. The platform enables banks to create personalized digital interactions by delivering relevant content, products, and offers to customers based on their specific needs during critical moments. By leveraging the vast amounts of available data and incorporating advanced sensing capabilities, Flybits allows financial institutions to enhance customer engagement while maintaining privacy. It empowers these institutions to design, launch, and evaluate data-driven consumer experiences, thereby fostering stronger relationships between individuals and their banks. The company is recognized for its innovative approach to contextual experiences, making it a leader in customer experience solutions for financial services.

Borrowell

Series B in 2019
Borrowell is a Toronto-based fintech that provides personal loans, unsecured consumer credit and an online lending marketplace. It offers free credit scores, credit education, and weekly monitoring, along with tools such as personalized credit coaching and AI-powered product recommendations to help customers access low-interest loans, manage debt, and improve financial well-being.

KOHO

Series B in 2019
KOHO Financial Inc. is a financial technology company founded in 2014 and headquartered in Toronto, Canada. The company offers a digital banking platform that provides low-cost banking services through a prepaid, reloadable Visa-backed debit card and a user-friendly mobile application. This platform enables customers to conduct day-to-day banking operations and includes features such as financial goal setting, cash flow projections, group spending management, and detailed spending insights. By equipping users with these tools, KOHO aims to simplify money management and enhance the overall banking experience for its customers.

d1g1t

Series A in 2018
d1g1t develops a digital wealth management platform that provides analytics-driven portfolio management services to professional advisers and their individual investors. The platform integrates risk management tools, client management, onboarding, portfolio tracking, historical performance analysis, and future risk forecasting to support adviser-client relationships and business growth. Based in Toronto, Canada, the company focuses on transparent, data-driven investment guidance for advisory firms and their clients.

Integrate.ai

Series A in 2018
Founded in 2017, Integrate.ai specializes in AI software for enterprises. Its platform enables companies to build federated machine learning models on siloed data securely, serving industries like healthcare, finance, and technology.

Drop

Series A in 2018
Drop is a consumer rewards platform that uses machine learning to match shoppers with over 400 partner brands, enabling them to earn points, discounts, and cashback on purchases. The service encourages repeat shopping by offering instant rewards and personalized offers. Headquartered in Toronto, Drop serves more than 4 million members across North America and the UK, aiming to improve everyday consumer experiences through its personalized commerce platform.

KOHO

Venture Round in 2017
KOHO Financial Inc. is a financial technology company founded in 2014 and headquartered in Toronto, Canada. The company offers a digital banking platform that provides low-cost banking services through a prepaid, reloadable Visa-backed debit card and a user-friendly mobile application. This platform enables customers to conduct day-to-day banking operations and includes features such as financial goal setting, cash flow projections, group spending management, and detailed spending insights. By equipping users with these tools, KOHO aims to simplify money management and enhance the overall banking experience for its customers.

Borrowell

Series A in 2017
Borrowell is a Toronto-based fintech that provides personal loans, unsecured consumer credit and an online lending marketplace. It offers free credit scores, credit education, and weekly monitoring, along with tools such as personalized credit coaching and AI-powered product recommendations to help customers access low-interest loans, manage debt, and improve financial well-being.

Wave

Series D in 2017
Wave is a financial management company that specializes in providing online software solutions for small businesses. Founded in 2009 and headquartered in Toronto, Canada, Wave offers a comprehensive suite of services including accounting, invoicing, payroll, and payment processing. With over 3 million users in more than 200 countries, Wave is dedicated to enhancing the operational efficiency of micro and small businesses by helping them manage their finances effectively. The platform enables business owners to improve cash flow and streamline financial tasks, allowing them to focus on growth and sustainability.

Flybits

Series B in 2017
Flybits Inc. is a Toronto-based company that specializes in a context-aware experience development platform tailored for the financial services sector. The platform enables banks to create personalized digital interactions by delivering relevant content, products, and offers to customers based on their specific needs during critical moments. By leveraging the vast amounts of available data and incorporating advanced sensing capabilities, Flybits allows financial institutions to enhance customer engagement while maintaining privacy. It empowers these institutions to design, launch, and evaluate data-driven consumer experiences, thereby fostering stronger relationships between individuals and their banks. The company is recognized for its innovative approach to contextual experiences, making it a leader in customer experience solutions for financial services.

Drop

Seed Round in 2017
Drop is a consumer rewards platform that uses machine learning to match shoppers with over 400 partner brands, enabling them to earn points, discounts, and cashback on purchases. The service encourages repeat shopping by offering instant rewards and personalized offers. Headquartered in Toronto, Drop serves more than 4 million members across North America and the UK, aiming to improve everyday consumer experiences through its personalized commerce platform.

Zensurance

Seed Round in 2016
Zensurance Inc. is a Toronto-based online commercial insurance brokerage firm that specializes in providing tailored insurance solutions for startups and small businesses. Founded in 2016, the company focuses on simplifying the insurance process by utilizing data and analytics to identify common risks within various industries. This approach allows Zensurance to create customized insurance packages, including business, contractors, tech, and tenants insurance, specifically designed to meet the unique needs of its clients. By offering an online platform, Zensurance enables small business owners to learn about their insurance requirements and make purchases conveniently within minutes, eliminating the need for cumbersome paperwork and lengthy phone calls. As a subsidiary of The Travelers Companies, Inc., Zensurance collaborates with leading insurance providers and industry experts to deliver innovative and user-friendly insurance solutions.

Wealthsimple

Series A in 2015
Wealthsimple Financial Inc. is a Toronto-based company that specializes in providing digital investment advisory services across Canada and operates additional offices in Brooklyn, New York, and London, United Kingdom. Founded in 2014, Wealthsimple offers a range of financial tools designed to help investors grow and manage their money. The company builds diversified portfolios of exchange-traded funds (ETFs) on behalf of its clients, offering accessible and affordable investment management without the high fees and account minimums typical of traditional firms. Wealthsimple also provides on-demand financial planning solutions and a hybrid savings and spending product known as Wealthsimple Cash. As of September 2020, Wealthsimple operates as a subsidiary of Purpose Advisor Solutions Inc.
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