TORONTO, July 8, 2026 — Stowe Financial Corp., a Toronto-based fintech startup, launches Stowe, its first product: a money app that automatically finds where households are overpaying and helps them keep more of their money.
Most households have money slipping away in the background: bills that have crept up, subscriptions no one uses anymore, phone plans and credit cards that no longer fit how they actually live. Research from Canada's Competition Bureau found Canadians could save approximately $1,860 per year by switching or renegotiating their telecom, banking and insurance services, yet only one in four had recently done so.
Stowe is built to close that gap. Unlike budgeting apps that ask people to track every dollar, Stowe connects to a household's financial accounts, reviews bills, subscriptions, spending and financial products, and surfaces personalized savings opportunities. It then helps households act on them.
"People don't need another app that gives them more financial homework," says Derek Hopfner, co-founder of Stowe. "They need something that notices when a bill has increased, when they're paying for something they no longer use, or when a better option is available. Stowe is designed to find those moments and make the next step much easier."
An AI advisor that knows your actual finances
At the centre of Stowe is an AI money advisor grounded in a household's real financial picture. Users ask questions in plain language and get clear answers based on their own accounts, such as: why did last month cost more or can we afford a trip to Italy this summer? The advisor helps households stay ahead of upcoming bills, understand spending changes, and make progress toward savings goals.
Built around the household, not the individual
Stowe was designed for the way money is actually managed: across a household rather than by one person in isolation. Couples and families see a shared financial picture while controlling which accounts and transactions stay private. So they can review bills, spending, savings and upcoming expenses together without merging every account or giving up financial independence.
A proven team, a new problem
Stowe was created by former members of the Toronto-based team behind Founded, the Canadian legal technology company acquired by RBCx and rebranded to Ownr. The team helped grow Ownr into one of Canada's leading services for starting and managing a business. With Stowe, they are applying the same approach to household finances: using technology to make something important, complicated, and often frustrating easier to manage.
Stowe is available now for iPhone in Canada and the United States. To learn more or download the app, visit joinstowe.com.
About Stowe
Stowe Financial Corp. is a new Canadian company behind Stowe, a proactive money app that helps households find where they are overpaying and keep more of their money. It reviews bills, subscriptions, spending, and financial products, then surfaces personalized opportunities to save. Stowe gives households one place to understand their finances, ask questions, and manage money together while controlling what remains private.
Derek Hopfner
media@joinstowe.com
joinstowe.com
