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Paystone Adds $30 Million In Funding With Strategic Backing From Crédit Mutuel Equity

Jul 23, 2021•about 4 years ago

Amount Raised

$30 Million

London

Description

Paystone, a leading payments and integrated software company, secures a $30 million investment from Crédit Mutuel Equity, the private equity arm of Crédit Mutuel Alliance Fédérale, one of France’s leading financial institutions. The funds will support Paystone’s ambitious growth strategy and further propel its best-in-class electronic payments and customer engagement technology platform.

Company Information

Company

Paystone

Location

London, Ontario, Canada

About

Paystone is a leading payment and software company redefining the way merchants engage their customers and grow their businesses. The company's seamlessly 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. Paystone's 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. With offices in London, Ontario, Montreal, Quebec and Vancouver, British Columbia, the fintech company employs more than 150 employees and works with over 50 sales partners across Canada. Visit www.paystone.com for details.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech