Payfirma raises $13 million led Dundee Capital Markets

payfirma

Vancouver-based multichannel payments company Payfirma has announced its raised a Series A round of $13 million, led by Dundee Capital Markets and also from “many of Canada’s leading institutional investors.” Payfirma was founded in 2011 and this latest funding brings its total investment to $23.5 million. The money will be used to expand its offering, accelerate its growth and build strategic partnerships.

Payfirma offers a mobile POS, where merchants can accept credit card payment anywhere, an iPad POS to upgrade in-store cash registers, a secure online payment gateways for ecommerce, virtual terminals for web browser, and traditional POS.

Michael Gokturk, CEO of Payfirma, stated, “Our goal has always been to make payments simpler and to help businesses increase their sales. Our customers have repeatedly told us that having all of their payment information in one interface makes it easy for their business to grow. Not having to manually consolidate information from all of their payment channels saves time and provides data that makes business decisions easier. We are excited about entering the Company’s next growth phase.”

Ian Hardy

Ian Hardy

Ian is the Director of Partnerships for BetaKit. He's been quietly creating and building things for years and is completely addicted to Tim Hortons.