What is Payfirma?
Founded in 2010 and headquartered in British Columbia, Canada, Payfirma operates as an award-winning payments solutions provider. The company empowers businesses to seamlessly accept credit and debit card transactions across online, in-store, and mobile platforms. Its comprehensive approach to payment processing addresses the evolving needs of modern commerce, positioning it as a key player in the fintech sector.
How much funding has Payfirma raised?
Payfirma has raised a total of $15.5M across 2 funding rounds:
Private Equity
$2.5M
Series A
$13M
Private Equity (2014): $2.5M, investors not publicly disclosed
Series A (2015): $13M led by Great West Lifeco, CIBC World Markets, N. Murray Edwards, Canaccord Genuity Group, Dundee Capital Markets, and New Brunswick Investment Management Corporation
Key Investors in Payfirma
Canaccord Genuity Group
Canaccord Genuity Group is an independent, full-service financial services firm specializing in wealth management and capital markets. Established in 1950 and headquartered in Vancouver, British Columbia, it is publicly traded on the TSX.
Great West Lifeco
Great West Lifeco is a diversified financial services company. Its participation in this funding round suggests a strategic interest in the fintech sector and its potential for growth.
CIBC World Markets
CIBC World Markets is the capital markets division of the Canadian Imperial Bank of Commerce. Its involvement indicates a strong financial backing and strategic alignment with Payfirma's growth objectives.
What's next for Payfirma?
The substantial enterprise-level funding indicates Payfirma is poised for significant growth and market expansion. This capital injection is likely to fuel further technological development, enhance its service offerings, and potentially broaden its geographic reach. Strategic investments of this magnitude often signal a company's readiness to scale operations and solidify its competitive advantage in the dynamic payments industry.
See full Payfirma company page
