Paystone secures USD 30 mln investment

Monday 26 July 2021 11:58 CET | News

Paystone, a payments and integrated software company, has secured a USD 30 million investment from Crédit Mutuel Equity, the private equity arm of Crédit Mutuel Alliance Fédérale.

According to the press release, the funds will support Paystone’s ambitious growth strategy and further propel its  electronic payments and customer engagement technology platform. Paystone gives businesses the ability to win more customers and drive growth through a fully integrated technology platform, which continues to generate a significant amount of interest in the market with an emphasis on service-oriented verticals.

According to the company's officials, the investment sets the stage for Paystone's  global expansion and opens doors beyond North America, while enabling the company to continue to capitalise on both their organic and acquisitive growth strategies.

Overall, the recent financial investments combined with Paystone’s pandemic-driven growth continue to accelerate the strategic evolution of the fintech company. Paystone entered the US market for the first time in 2021 and is one of the fastest growing businesses in Canada with more than 30,000 merchant locations throughout North America.

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Keywords: investment, funding, online payments
Categories: Payments & Commerce | Online Payments
Countries: World
This article is part of category

Payments & Commerce