Tracked deals
33
33 tracked deals across 2017-2026.
Who's Buying Payments & Fintech Companies in Canada
Buyer mix
Strategic-led
28 strategic · 9 pe
Top trend
Volume peaked in 2026
8 tracked deals announced in 2026.
Primary Insight
What Stands Out
- Bank and financial-platform buyers appear alongside private equity and strategic fintech acquirers, including Royal Bank of Canada (RBC) and Francisco Partners.
- Cross-border and regulated-capability upgrades recur—seen in examples involving Canadian Money Services Business (MSB) licensing and cross-border payments infrastructure.
- Several deals target complementary functionality in the payments workflow, such as billing/collections automation (Telpay + Notch Financial), card program management and microservices orchestration (Fiserv + Payfare), and bill payment/customer communications (Repay + KUBRA).
- Geographic activity clusters across Ontario, British Columbia, Alberta, and Manitoba, reflecting broad interest in Canadian payments operations.
| Province | Example deal on this page |
|---|---|
| Ontario | Francisco Partners → Moneris Solutions; RBC → Pinch Financial |
| British Columbia | AlphaPay → Motion Pay; Fiserv completes Payfare |
| Alberta | Shift Connect → Olympia Currency and Global Payments; Primus Capital → Reach |
| Manitoba | Telpay → Notch Financial |
Build a buyer list for your Payments & Fintech deal
Find buyers actively acquiring payments & fintech companies.
Find buyers like these for your dealBuyer Snapshot
Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Advent International | 1 | Global private equity investor focused on investing acros... | PE |
| Affirm | 1 | Public fintech company providing buy-now-pay-later and pa... | Strategic |
| AlphaPay | 1 | Canadian payment services business within Payment Asia Gr... | Strategic |
| BMO Capital Partners | 1 | Evergreen investment fund affiliated with Bank of Montrea... | PE |
| Battery Ventures | 1 | Global, technology-focused investment firm investing acro... | PE |
| CapitalSage Holdings (subsidiary parent group) | 1 | Multinational conglomerate operating across fintech and o... | Strategic |
| CapitalSage Vantage Limited | 1 | Focused holding entity within CapitalSage Holdings for cr... | Strategic |
| Coinweb | 1 | Layer-2 cross-chain computation/blockchain platform enabl... | Strategic |
| Deluxe Corporation | 1 | Provider of payments, data and treasury management soluti... | Strategic |
| Fattmerchant | 1 | Integrated payments technology provider offering Omni Con... | Strategic (PE-backed) |
Acquisition Volume in Payments & Fintech in Canada by Year
Last 8 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
- Buyer
- Payment Asia Group, AlphaPay
- Target
- Motion Pay
- Industry
- Payments & Fintech
- Location
- British Columbia, Canada
- Type
- Buyout
Payment Asia Group’s Canadian business, AlphaPay, completed the strategic acquisition and integration of Motion Pay, a Canada-based payment service provider. The deal is accompanied by Payment Asia Group’s newly obtained Canadian Money Services Business (MSB) licence, strengthening its compliance and cross-border payment capabilities in North America.
-
August 10, 2026
- Buyer
- Francisco Partners
- Target
- Moneris Solutions Corporation
- Seller
- Bank of Montreal (BMO), Royal Bank of Canada (RBC)
- Industry
- Payments & Fintech
- Location
- Ontario, Canada
- Type
- Buyout
Francisco Partners entered into a definitive agreement to acquire Moneris Solutions Corporation for approximately C$2.0 billion in cash. The sellers are Bank of Montreal and Royal Bank of Canada, which each receive 50% of the proceeds, and will also enter into long-term exclusive referral arrangements with Moneris following closing.
-
- Buyer
- Telpay Inc.
- Target
- Notch Financial
- Industry
- Payments & Fintech
- Location
- Manitoba, Canada
- Type
- Buyout
Telpay, a Canadian business payments company, acquired Notch Financial (Notch), an accounts receivable automation software provider. The deal adds modern invoicing, payment collection, and ordering capabilities to Telpay’s cash flow platform, aiming to provide Canadian businesses a more complete view of money coming in.
-
- Buyer
- CapitalSage Vantage Limited, CapitalSage Holdings (subsidiary parent group)
- Target
- Chi Technologies Inc. (Chimoney)
- Industry
- Payments & Fintech
- Location
- Ontario, Canada
- Type
- Buyout
CapitalSage Vantage Limited has signed an agreement to acquire Chi Technologies Inc. (operating as Chimoney), a Toronto-headquartered cross-border payments infrastructure provider, subject to regulatory approvals and customary closing conditions. The deal is designed to give CapitalSage immediate, regulated Canadian payments infrastructure and accelerate its Africa–Canada corridor ambitions while Chimoney continues operating within the CapitalSage ecosystem post-close.
-
March 31, 2026
- Buyer
- Repay Holdings Corporation, Silver Point Capital (Direct Lending), Truist Bank, Truist Securities, Inc.
- Target
- Kubra Data Transfer Ltd. (KUBRA)
- Seller
- Hearst Communications, Inc., others (not specified)
- Industry
- Payments & Fintech
- Location
- Ontario, Canada
- Type
- Buyout
Repay Holdings Corporation (NASDAQ: RPAY) entered into a definitive agreement to acquire Kubra Data Transfer Ltd. (KUBRA) for approximately $372 million in an all-cash transaction. The acquisition combines Repay’s integrated payment processing technology with KUBRA’s bill payment and customer communication management platform serving utilities, government, and insurance across North America.
-
- Buyer
- Shift Connect Ltd.
- Target
- Olympia Currency and Global Payments
- Industry
- Payments & Fintech
- Location
- Alberta, Canada
- Type
- Buyout
Shift Connect Ltd., a Canadian foreign exchange and global payments provider, announced it is acquiring Olympia Currency and Global Payments, an Alberta-based international banking and cross-border currency solutions firm. The deal is subject to Bank of Canada approval and customary closing conditions, with completion anticipated on or before March 31, 2026.
-
March 13, 2026
- Buyer
- Royal Bank of Canada (RBC)
- Target
- Pinch Financial
- Industry
- Payments & Fintech
- Location
- Ontario, Canada
- Type
- Buyout
Royal Bank of Canada (RBC) announced it has acquired Toronto-based Pinch Financial, a fintech focused on mortgage qualification technology. RBC said the deal will help it accelerate its digital mortgage roadmap and streamline the home loan application experience for Canadian clients, while Pinch will continue serving non-RBC clients and operate independently.
-
February 4, 2026
- Buyer
- Lightyear Capital
- Target
- PayByPhone
- Seller
- Corpay
- Industry
- Payments & Fintech
- Location
- British Columbia, Canada
- Type
- Buyout
Lightyear Capital has signed an agreement to acquire PayByPhone, a global provider of mobile parking payments and parking management software, from Corpay. The deal is expected to close in the second quarter of 2026, subject to regulatory approvals, and PayByPhone will operate as a stand-alone independent business under Lightyear’s ownership.
-
June 11, 2025
- Buyer
- Paynt
- Target
- E-xact Transactions
- Industry
- Payments & Fintech
- Location
- British Columbia, Canada
- Type
- Buyout
European payment technology company Paynt has acquired Canada-based E-xact Transactions to accelerate its North American expansion. The deal gives Paynt an operational hub in Vancouver and access to E-xact’s processing volume (over CAD 3.5 billion annually across ~50 million transactions); Paynt also appointed payments veteran JohnPaul Golino to its board to lead integration and go-to-market in the region.
-
- Buyer
- Nomba
- Target
- Licensed Payment Service Provider and Money Services Business in Canada (unnamed)
- Industry
- Payments & Fintech
- Location
- Canada
- Type
- Buyout
Nigerian fintech Nomba acquired a licensed Payment Service Provider and Money Services Business in Canada, completing the deal in Q2 2025. The acquisition gives Nomba regulatory coverage to move Canadian-dollar (CAD) funds locally in Canada and connect CAD payment flows directly to African markets for B2B trade payments.
-
March 3, 2025
- Buyer
- Fiserv, Inc.
- Target
- Payfare Inc.
- Industry
- Payments & Fintech
- Location
- Canada
- Type
- Buyout
Fiserv (via an affiliate, 1517452 B.C. Ltd.) has completed its previously announced acquisition of Payfare under a British Columbia plan of arrangement. The deal was designed to complement Fiserv’s embedded finance solutions with Payfare’s card program management and microservices orchestration capabilities.
-
February 20, 2025
- Buyer
- Primus Capital
- Target
- Reach
- Industry
- Payments & Fintech
- Location
- Alberta, Canada
- Type
- Growth capital
Primus Capital has made a strategic growth investment in Reach, a Calgary-based Merchant of Record (MoR) provider. The capital will be used to scale operations, accelerate Reach's product roadmap (payments, tax compliance, and fraud protection) and expand its global entity network to support enterprise and mid-market merchants.
-
- Buyer
- Shift4 Payments, Inc.
- Target
- Givex Corp.
- Industry
- Payments & Fintech
- Location
- Ontario, Canada
- Type
- Buyout
Givex has entered into a definitive arrangement agreement under which Shift4 will acquire all issued and outstanding shares of Givex in an all-cash deal. Under the terms, Givex shareholders will receive C$1.50 per share, implying an equity value of approximately C$200 million, with the transaction expected to close in November 2024 subject to customary conditions and approvals.
-
April 1, 2024
- Buyer
- Advent International
- Target
- Nuvei Corporation
- Industry
- Payments & Fintech
- Location
- Quebec, Canada
- Type
- Buyout
Nuvei entered into a definitive arrangement agreement to be taken private by Advent International in an all-cash transaction valuing the payments company at approximately US$6.3 billion. Shareholders will receive US$34.00 per share, and the deal is expected to close in late 2024 or the first quarter of 2025.
-
February 6, 2024
- Buyer
- Payroc WorldAccess, LLC
- Target
- SterlingCard Payment Solutions Inc.
- Industry
- Payments & Fintech
- Location
- Ontario, Canada
- Type
- Buyout
Payroc WorldAccess, LLC has acquired SterlingCard Payment Solutions Inc., a Markham, Ontario-based provider of card-present and payment solutions. The deal adds SterlingCard's team of 11 and card-present capabilities to Payroc's Canadian offering, complementing Payroc's existing card-not-present and ACH/PAD services and expanding its presence in Canada.
-
January 22, 2024
- Buyer
- Objectway
- Target
- Nest Wealth
- Industry
- Payments & Fintech
- Location
- Ontario, Canada
- Type
- Buyout
Objectway, a global FinTech software and services provider, has acquired Nest Wealth, a Canadian digital wealth solutions provider. The acquisition expands Objectway's product capabilities in client onboarding and financial planning and accelerates its market presence across North America and EMEA.
-
May 23, 2023
- Buyer
- Preludd Payment Services
- Target
- Amadis
- Industry
- Payments & Fintech
- Location
- Quebec, Canada
- Type
- Buyout
Preludd Payment Services has acquired Amadis, a provider of EMV card-present payment acceptance software and SoftPOS solutions, to broaden its payment platform capabilities and accelerate global expansion. The deal combines Preludd's cloud-based white-label gateway and POS management services with Amadis' EMV/SoftPOS software expertise to create a stronger global payments solutions provider.
-
January 26, 2023
- Buyer
- Nav
- Target
- Nuula
- Seller
- Nuula
- Industry
- Payments & Fintech
- Location
- Ontario, Canada
- Type
- Buyout
Nav has acquired the assets of fintech app Nuula to accelerate mobile app development and expand its small-business financial-health platform. The asset purchase brings Nuula technology and team members into Nav to enhance cash-flow insights, credit information, and mobile financing features for SMBs.
-
January 19, 2023
- Buyer
- Battery Ventures
- Target
- Ascendant (AscendantFX Capital Inc.)
- Industry
- Payments & Fintech
- Location
- Ontario, Canada
- Type
- Growth capital
Battery Ventures has agreed to make a significant strategic investment in Ascendant (AscendantFX Capital Inc.), becoming the company's primary investor to accelerate product innovation, network expansion and growth. Ascendant, a Toronto-based cross-border payments fintech serving over 2,000 financial institutions and corporate customers, said the transaction is expected to close in H1 2023 subject to regulatory approval; Raymond James acted as Ascendant's exclusive financial advisor.
-
December 6, 2022
- Buyer
- NMI
- Target
- Agreement Express
- Seller
- Agreement Express, Frontier Growth
- Industry
- Payments & Fintech
- Location
- British Columbia, Canada
- Type
- Divestiture
NMI has acquired the payments solutions business of Agreement Express, adding onboarding, underwriting, KYC/AML and risk monitoring capabilities to its commerce enablement platform. Frontier Growth will retain Agreement Express's wealth management arm; terms were not disclosed.
-
December 1, 2022
- Buyer
- Komgo
- Target
- GlobalTrade Corporation (GTC)
- Industry
- Payments & Fintech
- Location
- Ontario, Canada
- Type
- Buyout
Swiss-headquartered Komgo has acquired GlobalTrade Corporation (GTC), combining their trade finance digitization platforms to create a larger, global offering for corporates and banks. The combined business will offer broader coverage and complementary capabilities across the full range of trade finance instruments and workflows.
-
- Buyer
- Coinweb
- Target
- OnRamp Technologies Limited
- Industry
- Payments & Fintech
- Location
- Canada
- Type
- Buyout
Layer-2 blockchain platform Coinweb has acquired FINTRAC-registered OnRamp Technologies Limited, a Canadian money services business, to obtain Canadian fiat rails and MSB permissions. The acquisition enables Coinweb to offer virtual currency exchange and transfer services in Canada and supports the platform's regulated launch into North America.
-
January 26, 2022
- Buyer
- Paystone
- Target
- Canadian Payment Services
- Industry
- Payments & Fintech
- Location
- Ontario, Canada
- Type
- Buyout
Paystone, a London, Ontario-based payments and customer engagement company, acquired Canadian Payment Services (CPS), a Canadian merchant services provider. The deal expands Paystone's merchant base and capabilities—adding CPS's ~10,000 merchants and enabling Paystone to offer its proprietary SaaS products and payment services to a larger Canadian footprint.
-
January 4, 2022
- Buyer
- WonderFi Technologies Inc.
- Target
- Bitbuy Technologies Inc. (First Ledger Corp.)
- Seller
- First Ledger Corp. (Bitbuy shareholders)
- Industry
- Payments & Fintech
- Location
- Ontario, Canada
- Type
- Buyout
WonderFi Technologies Inc. has entered into a definitive agreement to acquire First Ledger Corp., the parent of Bitbuy Technologies Inc., Canada's first approved crypto marketplace, in a transaction valued at approximately CAD $206 million. The deal (70 million WonderFi shares, $20M upfront cash and $30M vendor take-back note) adds over 375,000 users, CAD $455 million in assets under custody and more than 80 employees to WonderFi, expanding its licensed fiat on‑ramp, OTC capabilities and product suite.
-
December 20, 2021
- Buyer
- OFX Group Limited (OFX)
- Target
- Firma Foreign Exchange Corporation (Firma)
- Industry
- Payments & Fintech
- Location
- Alberta, Canada
- Type
- Buyout
OFX Group Limited has agreed to acquire 100% of Canadian foreign exchange and payments provider Firma Foreign Exchange Corporation for C$90 million. The acquisition adds over 9,600 corporate clients, increases OFX's North America revenue substantially, and is expected to be accretive to EPS while delivering cost and revenue synergies.
-
- Buyer
- Flexpoint Ford, BMO Capital Partners
- Target
- PayFacto Payments Inc.
- Industry
- Payments & Fintech
- Location
- Quebec, Canada
- Type
- Growth capital
Flexpoint Ford led an equity investment of up to C$150 million in PayFacto Payments Inc., with participation from BMO Capital Partners. The growth capital will fund PayFacto's U.S. expansion, product development (including a cloud-based POS), and future acquisitions to accelerate its payments and POS strategy.
-
- Buyer
- Prophecy DeFi Inc.
- Target
- Layer2 Blockchain Inc.
- Seller
- Shareholders of Layer2 Blockchain Inc.
- Industry
- Payments & Fintech
- Location
- Ontario, Canada
- Type
- Buyout
Prophecy DeFi Inc. completed the acquisition of 60% of the issued and outstanding common shares of Layer2 Blockchain Inc., issuing 25,000,000 Prophecy common shares to Layer2 shareholders as consideration. The majority stake gives Prophecy control to accelerate Layer2's DeFi operations — including liquidity provisioning, market making, cross-chain arbitrage and staking — as part of Prophecy's broader decentralized finance investment ecosystem.
-
April 30, 2021
- Buyer
- goeasy Ltd.
- Target
- LendCare Holdings, Inc.
- Seller
- CIVC Partners, L.P.
- Industry
- Payments & Fintech
- Location
- Ontario, Canada
- Type
- Buyout
goeasy Ltd. (TSX: GSY) has acquired LendCare Holdings, Inc. from CIVC Partners to expand its point-of-sale lending capabilities and broaden its near-prime product offering. The acquisition is intended to accelerate goeasy's growth in the Canadian consumer credit market by adding LendCare's merchant distribution network and origination technology.
-
March 18, 2021
- Buyer
- Fattmerchant
- Target
- Fusebill
- Industry
- Payments & Fintech
- Location
- Ontario, Canada
- Type
- Growth capital
Orlando-based payments provider Fattmerchant has made a strategic investment in Fusebill, an Ottawa-founded cloud subscription billing and payments platform. The partnership aims to combine Fusebill's subscription-billing capabilities with Fattmerchant's integrated payments stack to expand capabilities and drive international growth.
-
December 3, 2020
- Buyer
- Affirm
- Target
- PayBright
- Industry
- Payments & Fintech
- Location
- Ontario, Canada
- Type
- Buyout
Affirm entered into a definitive agreement to acquire PayBright, one of Canada’s leading buy-now-pay-later providers, for approximately CAD $340 million. The acquisition expands Affirm’s presence in Canada by combining PayBright’s merchant relationships and local market expertise with Affirm’s U.S. pay-over-time platform.
-
November 19, 2020
- Buyer
- Mogo Inc.
- Target
- Carta Solutions Holding Corporation (Carta Worldwide)
- Seller
- Carta's senior management, Carta's board members, Key outside shareholders
- Industry
- Payments & Fintech
- Location
- Canada
- Type
- Buyout
Mogo Inc. (TSX: MOGO; NASDAQ: MOGO) agreed to acquire Carta Solutions Holding Corporation (doing business as Carta Worldwide) in an all‑stock plan of arrangement to expand into the global B2B digital payments market. The acquisition — reported at about C$24.2 million — gives Mogo a payments technology platform and broadens its addressable market into global digital payments.
-
February 21, 2020
- Buyer
- Great Hill Partners
- Target
- VersaPay Corporation
- Seller
- VersaPay shareholders
- Industry
- Payments & Fintech
- Location
- Ontario, Canada
- Type
- Buyout
Great Hill Partners, a Boston-based private equity firm, completed the acquisition of VersaPay Corporation by way of a statutory plan of arrangement, valuing VersaPay at approximately C$126 million (C$2.70 per share). The deal takes VersaPay private and positions the SaaS accounts-receivable and B2B payments platform to invest in product development and accelerate global expansion under Great Hill's ownership.
-
April 4, 2017
- Buyer
- Deluxe Corporation
- Target
- RDM Corporation
- Seller
- Shareholders of RDM Corporation
- Industry
- Payments & Fintech
- Location
- Ontario, Canada
- Type
- Buyout
Deluxe Corporation (NYSE: DLX) has completed the acquisition of RDM Corporation, a Waterloo, Ontario–based provider of remote deposit capture (RDC) software, hardware and digital imaging solutions for financial institutions and corporate clients. The deal, which required shareholder and Canadian regulatory approval, strengthens Deluxe’s WAUSAU Financial Systems business by adding RDC and payment processing capabilities and expanding its treasury management product suite.
Full Export
Purchase this data
Get the full acquisitions list for this page as CSV + XLSX.
Build a buyer list for your Payments & Fintech deal
Find buyers actively acquiring payments & fintech companies.
Frequently Asked Questions
Which buyers are recurring in Canadian payments & fintech acquisitions?
Recurring names on the page include Advent International, Battery Ventures, Royal Bank of Canada (RBC), Shift4 Payments, Inc., Mogo Inc., Prophecy DeFi Inc., OFX Group Limited (OFX), and Shift Connect Ltd.
What kinds of targets are most common in these Canada payments deals?
Targets include payment service providers and infrastructure companies, cash flow and invoicing/collections software, bill payment and customer communication platforms, and fintech tools tied to mortgages and embedded/merchant finance.
Do these transactions typically involve regulatory or compliance considerations?
Several summaries reference regulatory and compliance elements, such as Canadian Money Services Business (MSB) licensing, Bank of Canada approval, and customary regulatory closing conditions.
Where in Canada does the activity appear most often?
Recent locations listed include Ontario, British Columbia, Alberta, Manitoba, and Canada more broadly.
Related Acquisition Pages
Payments & Fintech Buyers & Acquisitions
Private Equity-Backed Payments & Fintech Buyers
Payments & Fintech Acquisitions in 2026
Payments & Fintech Acquisitions in 2025
Payments & Fintech Acquisitions in 2024
Payments & Fintech Acquisitions in 2023
Payments & Fintech Acquisitions in 2022
Payments & Fintech Acquisitions in 2021