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The Venture Codex

Portage

161 Bay Street, Suite 5000, Toronto, ON, M5J 2S1, Canada

Overview

Portage Ventures is a global fintech-focused venture capital investor. The firm makes early-stage investments in promising Canadian financial tech companies that have potential for global impact.

Total investments
83
Lead investments
35
Investments · 12mo
15
Active investors
13

Sector focus

  • Financial Services
  • FinTech
  • Venture Capital
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Investment portfolio

  • Moss

    Led · Series C · Aug 2026

    Moss offers an all-in-one spend management platform that brings together corporate cards, invoice management, reimbursements, real-time budgets, smart approvals and automated accounting. The company integrates with ERP systems such as DATEV, Xero and Exact Online and HRIS platforms including Personio, BambooHR and HiBob. Moss positions itself as a BaFin-regulated financial institution under PSD2, is ISO/IEC 27001:2022 certified and says it is compliant with the Digital Operational Resilience Act (DORA). Founded in 2019, the startup has grown to serve over 5,000 businesses across multiple European markets and reports more than €70 million in ARR. Moss states its Finance AI agents process more than 2 million transactions per month and plans to let customers configure AI agents for finance tasks while maintaining control over decisions.

  • Faye

    Participated · Series C · Aug 2026

    Launched in 2022, Faye offers an award-winning app and platform that lets travelers purchase coverage quickly, file claims digitally, and receive near-instant reimbursements to mobile wallets while in-trip. Its product suite includes distribution platforms for travel agencies, OTAs and airlines, AI-first policy and claims management, telemedicine, eSIM connectivity, lounge access and real-time concierge assistance. The company says it has become the fastest-growing and highest-rated travel insurance provider in the U.S., has earned more than 20 industry awards, and doubled revenue over the past year. Faye is investing heavily in AI to make underwriting, traveler assistance and claims faster and more autonomous, targeting that AI will resolve over half of claims autonomously by year-end. It plans geographic expansion and deeper partnerships with travel distributors, and will expand its travel fintech features through Faye Wallet to improve in-trip money management and payouts. The company has raised $100M in total funding following the Series C and recently established a U.S. headquarters in Richmond, Virginia.

  • FINN

    Led · Series D · Jun 2026

    FINN operates a multi-brand car subscription service that lets customers subscribe to vehicles fully online with insurance, registration, taxes, and servicing bundled into a single monthly fee and flexible cancellation. The platform features more than 25 brands including BMW, Mercedes-Benz, Hyundai, BYD, and MG. FINN has grown rapidly since its 2019 founding in Munich, reaching over 50,000 active subscriptions and annual recurring revenue of more than €300 million. Reported revenue rose from €3.2 million in 2022 to €444 million in 2024, representing a two-year compound annual growth rate of 1,078%. The company employs roughly 484 people as of 2025 and plans to expand its subscription fleet, improve profitability, and continue enhancing its technology. FINN faces competition from players like Sixt+, Onto, and Free2Move and acknowledges macroeconomic sensitivity given subscription pricing versus traditional leasing.

  • Nesto

    Participated · Series E · Jun 2026

    Nesto is a Montreal-based fintech that provides online consumer mortgages and business financing products. The company has more than $80 billion in mortgages under administration and has done $37 billion in originations this year. It generates more than $300 million in annualized revenue and has raised $470 million in capital to date. Nesto is incorporating generative AI into internal operations and products and intends to use new funding to further that work. The firm aims to reduce mortgage underwriting times dramatically — targeting as little as two minutes from a current one-day process — while keeping decisioning auditable and overseen by human underwriters. Nesto plans to expand its business-to-business arm by offering AI-powered products to other financial institutions and is focused on the Canadian market without plans to expand to the United States.

  • getquin

    Participated · Equity · May 2026

    Getquin was founded in Berlin and offers a digital platform that consolidates retail investors’ portfolios across different brokers, asset classes and geographies to enable tracking, analysis and understanding of their overall financial position. The company is positioning itself to evolve from a portfolio tracking tool into a comprehensive digital wealth management solution with hybrid financial planning and advisory services. Following its €12m fundraise, Getquin plans to strengthen capabilities in artificial intelligence, data and portfolio analysis to deliver more personalised and transparent advice. It has entered a strategic partnership with State Street Investment Management to integrate ETFs and develop new investment solutions within its advisory offering, and a media partnership with GMPVC to support a nationwide rollout in Germany. Getquin intends to expand engineering, product development and asset management teams to support product development and service expansion. The company emphasizes delivering institutional-level intelligence and personalization to retail investors.

Team