PayFacto provides integrated payment processing technologies and hospitality POS solutions, including its VelPay all-in-one payment and POS product, a proprietary payment gateway, and SaaS point-of-sale technology. The company serves over 30,000 merchants across Canada, the U.S., and the U.K., supported locally by hundreds of distributors and resellers. PayFacto recently acquired the Maitre’D and Veloce POS software systems and plans to launch a new cloud-based POS system. Management, led by President and CEO Martin Leroux, intends to use new capital to expand in the U.S., leveraging an acquiring bank partnership with Community Federal Savings Bank. The company also plans to enhance its suite of payment products and pursue further acquisitions. Headquartered in Montreal, PayFacto operates in Canada, the United States, and the United Kingdom.

Total raised

$120M

Funding rounds

1

Latest round

Equity

Latest activity

Aug 2021