London, Ontario’s Paystone is acquiring Ackroo, a loyalty marketing, payments, and point-of-sale technology services provider.
Ackroo, listed on the Toronto Venture Exchange as AKR, is being acquired at a price of $0.15 per share, or about $21 million, the company announced this month. [Read more…] about London’s Paystone Acquires Hamilton’s Ackroo for $21M to Fortify Fintech Toolkit
The year featured several sizeable Fintech startup funding rounds, including $61 million for Propel Holdings; $64 million for Neo Financial; $44 million for Properly; $72 million for Bench; and nearly $300 million for Fraction Technologies in Vancouver. [Read more…] about What Downturn? These Canadian Fintech Innovators Want to Bolster Their Workforce with New Talent
“Hold on, I think I’ve got another penny in one of these pockets…”
It was only a couple of decades ago where paying with paper (not even polymer!) and metal coinage was the go-to. A common alternative, hardly touched today outside of legacy business, was the classic cheque. Cash registers for point-of-sale transactions were hefty, clunky blocks. Only fancy business folk had credit cards and even then used them sparingly. [Read more…] about Seven Fintechs Innovating the Payments Space in Canada
Communitech this month unveiled the first ever Team True North.
The Kitchener-based hub for entrepreneurship created the list to spotlight “the best of Canadian tech”—which by their measure is defined as high-performing tech firms “tracking to $1 billion in annual revenue with growth rates that match the top 1% of companies in the world.” [Read more…] about Five Canadian Fintechs Ready for Billion-Dollar Revenue
London, Ontario’s Paystone has acquired Canadian Payment Services (CPS), one of the fastest growing providers of Canadian merchant services. [Read more…] about Paystone Becomes Canada’s Largest Bank Independent Payments Provider
London’s Paystone has acquired Vancouver’s NiceJob, an award-winning North American reputation marketing platform for service businesses. NiceJob is the fifth business Paystone has acquired over the last two years. [Read more…] about Paystone Acquires Reputation Marketing Software Startup NiceJob
The Globe and Mail has published their third annual ranking of Canada’s Top Growing Companies and the list of 448 businesses sprawl across sectors, from fashion to finance, and manufacture everything from medical testing devices to organic pasta. [Read more…] about 10 High-Growth Canadian Fintech Companies To Watch
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. [Read more…] about London’s Paystone Raises $69 Million Financing Round
