Paystone, a London, Ontario, Montreal, Quebec and Vancouver, British Columbia, Quebec, Canada-based payments and integrated software company, raised $30m in funding.
The investment was made by Crédit Mutuel Equity, the private equity arm of Crédit Mutuel Alliance Fédérale.
The company intends to use the funds to further grow its electronic payments and customer engagement technology platform.
Led by Tarique Al-Ansari, CEO, Paystone is a payment and software company for merchants to engage their customers and grow their businesses. The company’s integrated suite of automated payment processing, customer loyalty, and gift card solutions is used by brands such as Irving Oil, The Source, Booster Juice, Global Pet Foods, Kernels Popcorn, and many of the MTY Food Group’s restaurant brands. The solutions are used at 30,000 locations across Canada and the United States which collectively process over 10 billion dollars a year in bank-card volume. The company employs more than 150 employees and works with over 50 sales partners across Canada.
FinSMEs
26/07/2021