Payfirma
Hardware & software for online payments
- 1-20 employees
- Fintech
- B2B
- Payments
- Credit cards
- Coal Harbour, Vancouver, BC
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Company mission
To take the pain out of getting paid, the guesswork out of what works, put the “serve” back into service, and keep payments smart and simple.
Our take
For many businesses, accepting debit and credit card payments can be a tricky process. Payfirma is setting out to change this by offering solutions for both in-store and online card payments.
When Payfirma first launched, it entered into an already competitive market, home to a number of big-name payment processors such as WorldPay and Stripe. However, it managed to set itself apart from its rivals with its multi-channel solutions, offering an all-in-one service for in-person and online transactions. This has proven largely successful, with the company accruing significant funding to accelerate an expansion into the wider North American market.
Payfirma faces a number of challenges, not only stiff competition from the payments market but a history of boardroom struggles. The company's merger with Merrco Payments marked a fresh start in 2018, and in 2024, it rebranded to KORT Payments. If it can consolidate its progress into the US market, it stands to see impressive revenue growth.
Steph
Company Specialist at Welcome to the Jungle
Funding (last 2 of 8 rounds)
May 2015
$13m
SERIES A
Nov 2014
$1.1m
CONVERTIBLE