The investment from the private equity arm of French federal investment firm Crédit Mutuel Alliance Fédérale brings the total amount of funding that the Canadian payments company has raised in 2021 to $99 million. Paystone has offices in Montreal, Vancouver and London, Ont., according to its press release. (The Logic)
Skip to content
The investment from the private equity arm of French federal investment firm Crédit Mutuel Alliance Fédérale brings the total amount of funding that the Canadian payments company has raised in 2021 to $99 million. Paystone has offices in Montreal, Vancouver and London, Ont., according to its press release. (The Logic)
Talking point: The company, which sells gift cards to businesses such as Irving Oil and The Source, plans to use the money to fuel its growth, including through acquisitions. Paystone has acquired five companies in the last 18 months and said it has benefited from an increase in cashless payments since the start of the pandemic. “The company has a comprehensive product roadmap and a very compelling growth strategy,” said David Dickel, managing director of Crédit Mutuel Equity in Canada, in a statement.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
News
An obscure data standard is the latest open banking holdup—and an unlikely political hot potato
Briefing
OSFI won’t dictate whether banks block AI agents, says Routledge
Deep Sea Minerals files to raise US$5M as U.S. spurs on seabed mining
Celestica expects sales to nearly double next year as AI demand surges
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
