Toronto has rapidly cemented its place as one of North America’s most dynamic FinTech hubs. With a steady flow of VC funding, access to elite talent from universities like the University of Toronto and Waterloo, and strong regulatory support, the region has become a fertile ground for financial innovation. According to MaRS Discovery District, over 700 FinTech companies are currently operating in the Greater Toronto Area, with funding levels surpassing $1.8 billion in 2023 alone.
But with this explosive growth comes a critical challenge: building and sustaining agile product teams without inflating your burn rate.
Hiring in Toronto’s hyper-competitive tech landscape isn’t just expensive, it’s slow. Product managers, full-stack developers, and DevOps engineers are in short supply, and the average time to fill technical roles in Canada now exceeds 60 days, according to a 2023 Tech Talent Canada report. Salaries are also climbing steeply, with senior engineers now commanding upwards of CAD 160,000 annually, not including bonuses, equity, and benefits.
For early-stage startups navigating tight funding cycles and pressure to deliver, this creates a painful bottleneck. The solution? Many are turning to agile team augmentation, a flexible model that blends in-house leadership with globally distributed teams aligned to Toronto’s time zones.
Toronto startups are increasingly embracing hybrid delivery models that keep product direction local, but execution distributed. This isn’t about cheap outsourcing, it’s about scaling smarter.
Team augmentation enables you to retain control of your product while accessing experienced remote developers, product designers, QA testers, and PMs who integrate directly with your workflows.
At Type B Digital, we help FinTech founders assemble agile pods that function like extensions of their team, with roles such as:
All working on Canadian hours, aligned with your team’s sprint cadence, and integrated seamlessly into your process.
The average salary for a full-stack developer in Toronto sits between $140,000 and CAD 180,000 per year, according to Robert Half’s 2024 Canada Salary Guide. Add in benefits, onboarding costs, and the risk of churn, and it becomes clear why many startups can’t afford to build entirely in-house.
Augmenting with vetted engineers from Colombia, India, Morocco, or Sri Lanka, vetted and managed by a Canadian-led delivery team, offers a 40–60% cost reduction while maintaining quality.
Toronto’s FinTech startups can’t afford to spend three months recruiting for every product sprint. In a climate where investor patience is wearing thin, augmented teams can be assembled in 1–2 weeks, dramatically reducing time-to-launch and iteration cycles.
A 2023 report by CB Insights noted that 42% of startup failures are tied to slow execution or product-market misalignment. Agile augmentation directly addresses both risks by accelerating delivery without ballooning internal costs..
Unlike full outsourcing, where you hand over ownership to a vendor, augmentation keeps your team at the helm. You retain decision-making power, brand integrity, and sprint velocity while gaining the ability to scale resources based on project demands.
Augmented developers plug into your Slack channels, attend your standups, and follow your product roadmap. There’s no loss of visibility, only added velocity.
One of Canada’s fastest-growing wealth advisory platforms, RFL Wealth, faced scaling challenges as client onboarding grew more complex.
With Type B Digital’s help, they:
Read the RFL Wealth case study
Whether you’re building your MVP, scaling your core platform, or expanding into new product verticals, having access to the right talent, fast, is critical. Here are some of the most in-demand roles Toronto FinTech startups are augmenting today:
From building user-friendly interfaces to managing complex backend systems and ensuring product reliability, these roles form the backbone of agile FinTech teams. Augmenting them through a trusted partner allows you to scale smart, without sacrificing speed or quality.
We’re not a staffing agency. We’re a Toronto-aligned delivery partner with proven experience building FinTech products for compliance-heavy, data-driven platforms.
Here’s what sets us apart:
Toronto’s FinTech founders don’t have time to wait. Investors want traction. Users want seamless digital experiences. And teams need to be lean and fast-moving to stay ahead of the curve.
With agile fintech software development through team augmentation, you can scale your product without burning through capital or compromising quality.
Whether you’re building your MVP or preparing for Series A, Type B Digital delivers the remote developers and agile product team structures Toronto startups need to grow with confidence.
Let’s collaborate and build something extraordinary together.
Type B Digital - The go-to partner for forward-thinking teams ready to turn ideas into impact.
