• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Fintech.ca

Your Source for Canadian Fintech News

 
 
 
 
  • News
  • Interviews
  • Thought Leaders
  • Jobs
  • About

London’s Paystone Raises $69 Million Financing Round

January 22, 2021 by Fintech Newsdesk Leave a Comment

London’s Paystone has raised a $69 million strategic funding round from Canadian Business Growth Fund (CBGF) and National Bank of Canada.

The funds will be used to fuel growth in customer engagement services and electronic payment processing solutions.

Paystone’s suite of automated payment processing, customer loyalty, and gift card solutions is used at over 25,000 locations across North America by brands such as Irving Oil, The Source, Booster Juice, Global Pet Foods, and Kernels Popcorn.

“This financing round accelerates Paystone’s vision,” says Tarique Al-Ansari, CEO of Paystone. “We are transforming payments acceptance by integrating marketing automation with electronic payments, enabling merchants to grow their revenues.”

Al-Ansari alongside Abdullah Saab (CFO) co-founded Paystone and evolved the fintech company into one of the fastest growing businesses in Canada.

In addition to surpassing 25,000 merchant locations in 2020, the company’s consistent revenue growth earned Paystone a #84 ranking on The Globe and Mail’s 2020 list of ‘Canada’s Top Growing Companies’ and the #61 spot on The 2020 GROWTH500 list by Canadian Business.

Filed Under: News Tagged With: Paystone

 
 
 
 

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

 
 
 
 

Email Newsletter

  • Facebook
  • LinkedIn
  • RSS
  • Twitter

Founding Sponsors

Recent Posts

  • How Granify Lifts Digital Commerce with AI-Powered Optimization
  • As Digital Transactions Take Over Canada, Fraud Casts a Long Shadow
  • Wealthsimple Launches Private Credit Opportunity for Retail Investors
  • Obsiido Aims to Unlock Alternative Investments for Canadians ‘Like Never Before’
  • Shopify Integrates Google Cloud Tech to Arm Merchants with AI Tools

Copyright © 2023 Incubate Ventures | Privacy