Pine Canada

Toronto, Canada Founded: 2021 • Age: 5 yrs
Home loans are discovered and compared through an online marketplace.
Annual revenue - Latest available
Total funding $21.5M 2 rounds
Employees - Tracked headcount
Investors 8 Known backers
Products 3 Services tracked
Competitors 7 Brand Intelligence

About Pine Canada

Pine Canada is a company based in Toronto (Canada) founded in 2021. Pine Canada has raised $21.5 million across 2 funding rounds from investors including Intact Ventures, Greylock Partners and Inovia Capital. Pine Canada has completed 1 acquisition, including Properly. Pine Canada offers products and services including Pine Mortgage, Pine Home Search, and Mortgage Calculators. Pine Canada operates in a competitive market with competitors including Manzil, Properly, Pinch Financial, Perch and Pineapple, among others.

  • Headquarter Toronto, Canada
  • Sectors
    Financial Services
  • Email
    Locked
  • Phone
    Locked
  • Website
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  • Social
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  • Legal Name Pine Canada Financial Corporation
Operational Areas
Financial Services → FinTech & Digital Finance Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $21.5 M (USD)

    in 2 rounds

  • Latest Funding Round
    $16.78 M (USD), Series A

    Mar 01, 2022

  • Investors
  • Employee Count
    Not available
  • Investments & Acquisitions
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Products & Services of Pine Canada

Pine Canada offers a comprehensive portfolio of products and services, including Pine Mortgage, Pine Home Search, and Mortgage Calculators.

Product name locked
Category locked
Primary

Online platform for mortgage pre-approvals and rate calculations

Product name locked
Category locked
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Tool for browsing home listings and booking tours

Product name locked
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Utilities to estimate payments and affordability for mortgages

People of Pine Canada

Headcount 10-50
Employee Profiles 13
Employee Profiles
People
Orest Lopci
Head Of People & Culture
People
Justin Herlick
Co-Founder & CEO
People
Sarah Guenther
Mortgage Advisor
People
Alexander Kiriakou
Chief Operating Officer

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Funding Insights of Pine Canada

Pine Canada has successfully raised a total of $21.5M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $16.78 million completed in March 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

Investors in Pine Canada

Pine Canada has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Intact Ventures, Greylock Partners and Inovia Capital.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
Venture capital firm specializing in early-stage tech investments and founder support.
Locked Locked Locked
Investments are made in early-stage technology companies by Inovia Capital.
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Venture capital firm focused on early-stage startups
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Investor details for Pine Canada

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  • Investor domains
  • Investor locations
  • Funding rounds
  • Participation history

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Investments & Acquisitions by Pine Canada

Pine Canada has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Properly.

Investments
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Investment portfolio details for Pine Canada

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  • Portfolio identities
  • Transaction dates
  • Round details
  • Investment values

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Acquisitions
Company Name Description Domain Location Founded Year Amount
End-to-end online brokerage services for residential property transactions are provided.
Locked Locked 2018 Locked
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Complete acquisition details for Pine Canada

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  • Acquired stakes
  • Disclosed values
  • Domains and locations

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Financial Statements - Pine Canada

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Detailed financials for Pine Canada

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  • Profit trends
  • Statement rows
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Pine Canada Comparisons

Pine Canada Primary company
Description
Home loans are discovered and compared through an online mar...
Location
Toronto, Canada
Founded Year
2021
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
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Peer comparison for Pine Canada

Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.

  • Named peers
  • Headcount comparison
  • Funding comparison
  • Operating benchmarks

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Competitors of Pine Canada

Pine Canada operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Manzil, Properly, Pinch Financial, Perch and Pineapple, among others.

Company Name Domain Founded year HQ Location Description
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Shariah-compliant mortgage loans are offered via an online marketplace.
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End-to-end online brokerage services for residential property transactions are provided.
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Residential mortgage loans are facilitated through an online marketplace.
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Perch is recognized as an online mortgage brokerage platform.
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Residential mortgages are offered via an online platform by Pineapple.
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Mobile app providing mortgage calculators, advice, and broker connections for users.
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Detailed competitors of Pine Canada

Competitor domains, locations, full profiles, and operating metrics require an active premium plan.

  • Domains and locations
  • Full company profiles
  • Operating metrics
  • Competitive positioning

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Latest news on Pine Canada

Digital mortgage startup Pine inks financing
Venturecapitaljournal4 years ago
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Complete news archive for Pine Canada

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  • Full article archive
  • Source and publication date
  • Older coverage
  • Brand-specific news history

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Frequently Asked Questions about Pine Canada

Pine Canada was founded in 2021.

Pine Canada is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.

Pine Canada is a funded company, having raised a total of $21.5M across 2 funding rounds to date.

Pine was established in 2021 in Toronto, Canada, within the fintech sector. An online platform is operated to connect users with home loan options available in the market. Services include searching and comparing loans, submitting online applications, obtaining instant quotes, and handling mortgage processing digitally. Operations focus on simplifying access to multiple lenders for Canadian users.

Pine Canada's top competitors include Manzil, Pinch Financial and Pineapple.

Pine Canada offers Pine Mortgage, Pine Home Search, and Mortgage Calculators.

Pine Canada has made 1 acquisition, including Properly.

Pine Canada has 8 investors. Key investors include Intact Ventures, Greylock Partners, Inovia Capital, Global Founders Capital, and BoxGroup.

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