London Based Fintech Firm Acquires POS West and The Merchant Portfolio of NXGEN Canada to Expand Nationwide.
LONDON, ONTARIO - Leading London fintech Zomaron, has increased it’s five-year revenue by 523% and is pleased to announce the completion of two successful acquisitions.
In the third quarter of 2019, Zomaron acquired Alberta based merchant services provider POS West and the merchant portfolio from British Columbia based NXGEN Canada. With these acquisitions, the company has expanded its customer base by 300% and now processes 6 billion in annual bankcard volume.
Zomaron has provided thousands of businesses with personalized and worry-free payment solutions since 2008. As it expands, the company is heavily focused on investing in proprietary technology to continue to evolve the payments industry and meet the ever-changing needs of their customers.
Paystones is a leading provider of secure, user-friendly customer engagement solutions that help North American businesses of all sizes turn everyday transactions into meaningful customer interactions. The company’s seamlessly integrated suite of automated payment processing, customer loyalty, and gift card solutions is used by brands such as The ALDO Group, The Source, Booster Juice, Global Pet Foods, Kernels Popcorn, and 50 of the MTY Food Group's restaurant brands. Paystone’s solutions are used at over 25,000 locations across Canada and the United States which collectively process over 10 billion dollars a year in bank-card volume. The fintech company employs 150 employees and works with over 100 sales partners across Canada. Visit www.paystone.com for details.