RBC acquires fintech company Pinch Financial, terms not immediately available

Advertisement

Advertise with us

TORONTO - Royal Bank of Canada says it has acquired financial technology firm Pinch Financial Inc.

Read this article for free:


or

Already have an account? Log in here »

To continue reading, please subscribe:

Subscribe and receive a limited-edition Free Press branded hat or tote.

Digital Subscription

One year of digital access for only $205*

  • Enjoy unlimited reading on winnipegfreepress.com
  • Read the E-Edition, our digital replica newspaper
  • Access News Break, our award-winning app
  • Play interactive puzzles

*First annual payment billed as $205.00 + GST for one year. This annual subscription will automatically renew at $233.00 + GST every 52 weeks (10% off the regular annual price of $259.35). Offer available to new and qualified returning subscribers only. Cancel any time.

To continue reading, please subscribe:

Add Free Press access to your Brandon Sun subscription for only an additional

$1 for the first 4 weeks*

  • Enjoy unlimited reading on winnipegfreepress.com
  • Read the E-Edition, our digital replica newspaper
  • Access News Break, our award-winning app
  • Play interactive puzzles
Start now

*Your next Brandon Sun subscription payment will increase by $1.00 and you will be charged $17.95 plus GST for four weeks. After four weeks, your payment will increase to $24.95 plus GST every four weeks.

Hey there, time traveller!
This article was published 11/03/2026 (203 days ago), so information in it may no longer be current.

TORONTO – Royal Bank of Canada says it has acquired financial technology firm Pinch Financial Inc.

Terms of the agreement were not immediately available.

Pinch was founded in 2017 and helps simplify the mortgage application process.

People walk past the Royal Bank Tower in Montreal on Thursday, June 19, 2025. THE CANADIAN PRESS/Christopher Katsarov
People walk past the Royal Bank Tower in Montreal on Thursday, June 19, 2025. THE CANADIAN PRESS/Christopher Katsarov

It operates a platform that helps banks and lenders verify borrower information online and speed mortgage applications.

RBC says the acquisition will help the bank offer a faster, simpler mortgage experience for borrowers.

Janet Boyle, senior vice-president of home equity financing at RBC, says the technology will help the bank accelerate its digital road map to deliver a quicker, more streamlined mortgage experience for Canadians.

This report by The Canadian Press was first published March 11, 2026.

Companies in this story: (TSX:RY)

Report Error Submit a Tip

Business

LOAD BUSINESS ARTICLES