PayTrie
PayTrie is a Calgary-based, FINTRAC-registered non-custodial stablecoin exchange and on/off-ramp platform that enables Canadians to buy and sell USDC and CADC via Interac e-Transfer, serving retail users, businesses, OTC clients, and developers through an API and widget.
- Company typePrivate
- Founded2021
- HeadquartersCalgary, Canada
- Headcount1–10
- GTM typeB2B and B2C
- OfferingSoftware
What PayTrie does
PayTrie (operating as Paytrie AB Inc.) is a Calgary-based, FINTRAC- and Revenu Québec-registered Money Services Business that runs a non-custodial stablecoin exchange and on/off-ramp platform serving Canadian retail consumers, businesses, and developers. The platform enables Canadians to buy and sell USDC and CADC using Interac e-Transfer, with onboarding typically completed in about five minutes, and also offers cross-border remittances (Paytrie Send), CAD/USD FX, OTC trading for transactions above $10,000, and a business tier with dedicated onboarding and CAD or USD settlement.
Underlying infrastructure is multi-chain, supporting Ethereum, Base, Polygon, Arbitrum, and Solana, with direct integration into Circle's Payment Network for global stablecoin settlement. PayTrie monetizes through a flat 0.6% transaction fee (minimum $5 CAD) across retail trading, OTC, FX, and remittances, with no hidden or FX spread charges, and has extended distribution through an embeddable widget and API for third-party platforms.
The company originally launched the CADC Canadian dollar stablecoin in 2021, but in October 2025 spun CADC out to a separate entity, Loon Payments Inc., which raised $3M CAD in pre-seed funding and is pursuing Alberta Securities Commission approval as a regulated CAD-backed stablecoin issuer; PayTrie continues trading CADC under a Liquidity Agreement. The firm has processed over $500M in cumulative trading volume, holds a 4.4-star Google reviews rating, and counts ConsenSys/ConsenSys Mesh among its early backers. As of late 2025, PayTrie expanded internationally for the first time through a partnership with MiniPay (Opera/Celo) enabling stablecoin flows in Brazil and Argentina, while keeping its core service geographically restricted to users with Canadian bank accounts.
PayTrie firmographics
Firmographics- Name
- PayTrie
- Legal name
- Paytrie AB Inc.
- Website
- https://paytrie.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- PayTrie is a Calgary-based, FINTRAC-registered non-custodial stablecoin exchange and on/off-ramp platform that enables Canadians to buy and sell USDC and CADC via Interac e-Transfer, serving retail users, businesses, OTC clients, and developers through an API and widget.
- Ownership category
- akta.pro rank
PayTrie industry classification
Industry- Product category
- Stablecoin Exchange and Cryptocurrency Payments
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- akta.pro primary industry
- Crypto Remittance & Cross-Border Money Transfer Providers (FSADAIAD)
- akta.pro secondary industries
- Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE), Cross-Border & FX Payments Platforms (BPAMAFAK), Bank-to-Bank Transfers & Pay-by-Bank (Consumer & Merchant) (FSAMAFAC)
Keywords
Where PayTrie is headquartered
LocationHeadquarters
- HQ city
- Calgary
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
PayTrie business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Operations, Personnel, Others, Marketing or Sales, Infrastructure
Revenue model
- Stablecoin Trading Fees: Primary revenue from flat 0.6% fee on all stablecoin buy/sell transactions with minimum $5 CAD. No hidden fees or foreign exchange fees.
- OTC Trading Services: Premium over-the-counter service for large-volume transactions (>$10,000) with dedicated personalized support and competitive rates.
- Foreign Exchange Services: CAD/USD exchange services using live mid-market rates with flat 0.6% fee, offering savings up to 5x compared to traditional banks.
- Global Money Transfer (Paytrie Send): Cross-border remittance service converting CAD to USDC and transmitting via Circle Payment Network to local currency. Revenue from 0.6% conversion fee (minimum $5 CAD) plus local network partner fees.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Standard Retail Trading |
| Transaction based/ take rate | Pay-as-you-go | OTC Large Volume Trading |
| Transaction based/ take rate | Pay-as-you-go | CAD/USD Exchange |
| Transaction based/ take rate | Pay-as-you-go | Global Money Transfer (Paytrie Send) |
Go-to-market motion4 records
Distribution channels5 records
Marketing channels6 records
PayTrie product offering
Product offeringCore offering
PayTrie is a Canadian non-custodial stablecoin exchange platform that enables Canadians to buy and sell USDC and CADC stablecoins using Interac e-Transfer, with a flat 0.6% fee and 5-minute onboarding. Beyond retail exchange, it offers a business platform with OTC services for high-volume corporate clients, a developer API and widget for embedded on/off-ramp integrations, and a cross-border money transfer service (PayTrie Send) leveraging the Circle Payment Network for international remittances.
Product overview
Paytrie operates as a unified stablecoin exchange platform in Canada offering multiple integrated products: a core retail exchange for buying/selling USDC and CADC via Interac e-Transfer; the CADC Canadian dollar stablecoin (now overseen by spinout Loon after Paytrie's 2021 launch); a Business tier with dedicated OTC services for institutional clients; a Developer API for white-label on/off-ramp integrations; Paytrie Send for cross-border remittances to India and Nigeria via the Circle Payment Network; and a Foreign Exchange service for CAD/USD conversions. All services share the same non-custodial infrastructure, FINTRAC-regulated MSB compliance, and flat 0.6% fee structure.
Differentiator
Problem solved
Functional benefit
Products and services
- Paytrie Exchange (Retail Stablecoin Platform)
Quantifiable outcome
- 5-minute signup to stablecoin ownership
- +3 more outcomes
Companies that use PayTrie
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles4 records
PayTrie technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature5 records
PayTrie partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- MiniPaycorePayTrie partnered with MiniPay (stablecoin wallet built on Celo by Opera) to enable Latin American payment integrations. The partnership supports PIX and Mercado Pago in Brazil and Argentina, with PayTrie as one of the integration partners for USDT to local payment rails.
- NoahminorNoah is part of the MiniPay Latin America payment ecosystem partnership, enabling instant stablecoin transactions in Brazil and Argentina.
- El DoradominorEl Dorado is part of the MiniPay Latin America payment ecosystem partnership, enabling instant stablecoin transactions in Brazil and Argentina.
- Loon Payments Inc.corePayTrie spun out Loon to take over CADC stablecoin operations. Loon acquired CADC from PayTrie (launched in 2021) and is developing a regulated Canadian dollar-backed stablecoin. PayTrie has a Liquidity Agreement with Loon for CADC trading. Loon is now the issuer of CADC tokens.
- Circle Internet Financial LLCcoreCircle is the issuer of USDC stablecoin. PayTrie integrates with Circle's infrastructure including the Circle Payment Network for cross-border stablecoin transfers and fiat settlement. PayTrie is a direct, fully integrated member partner of the Circle Payment Network.
Scale indicators3 records
Recent moves7 records
Expansion highlights6 records
PayTrie competitors and assessment
Company assessmentDirect peers
- Bitbuy: Canadian registered crypto marketplace with CAD funding via Interac and wire; overlaps directly with PayTrie on fiat-to-crypto on-ramping for Canadian residents and on CIRO/Canadian regulatory positioning.
- Coinsquare: Long-standing Canadian crypto trading platform serving retail and institutional clients with CAD funding rails; relevant peer for PayTrie's CAD-funded exchange and OTC business.
- Shakepay: Canadian consumer crypto on/off-ramp app offering Interac-based buying and selling of BTC and ETH; directly comparable as a Canadian retail stablecoin/crypto rails competitor with similar KYC-light UX and Canadian banking dependencies.
- Newton: Canada-based crypto trading platform offering low-fee CAD on-ramps via Interac e-Transfer; competes head-on with PayTrie on retail stablecoin/crypto purchases for Canadian users.
- NDAX: Canadian CIRO-registered crypto exchange focused on retail and OTC; matches PayTrie's CAD-funded retail and OTC stablecoin offering with similar regulatory posture.
Others
- Circle: USDC issuer and operator of the Circle Payment Network of which PayTrie is a direct integrated member; not a competitor but the critical infrastructure partner whose roadmap and pricing directly shape PayTrie's unit economics.
Broad incumbents
- Wise: Cross-border payments platform serving Canadian senders to India, Nigeria, Philippines, etc.; the incumbent PayTrie Send competes against on remittance corridors with an FX/fee structure.
- Wealthsimple Crypto: Canadian incumbent wealth platform that bundles crypto trading alongside brokerage products; overlaps with PayTrie on retail CAD crypto buying and competes from a much larger distribution base.
- Kraken: Global crypto exchange actively pursuing Canadian compliance; a broad incumbent alternative for Canadian retail and OTC stablecoin flow that competes for the same OTC and API customers.
- Coinbase: Largest US-listed crypto exchange with expanding Canadian MSB coverage; competes on the same USDC rails PayTrie distributes, especially for embedded on/off-ramp partnerships.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
PayTrie social profiles
Digital presencePayTrie compliance and trust
Trust signalCompliance2 records
PayTrie financial estimates
Financial estimateRevenue estimate
Valuation estimate
PayTrie leadership team
Management profileNumber of profiles
PayTrie funding detail
Funding detailFunding overview
Funding rounds1 record
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PayTrie M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about PayTrie
What does PayTrie do?
PayTrie is a Canadian non-custodial stablecoin exchange platform that enables Canadians to buy and sell USDC and CADC stablecoins using Interac e-Transfer, with a flat 0.6% fee and 5-minute onboarding. Beyond retail exchange, it offers a business platform with OTC services for high-volume corporate clients, a developer API and widget for embedded on/off-ramp integrations, and a cross-border money transfer service (PayTrie Send) leveraging the Circle Payment Network for international remittances.
Is PayTrie a public or private company?
PayTrie is a private company. It is classified as venture growth investor backed and is currently operating.
When was PayTrie founded?
PayTrie was founded in 2021. It employs 1 to 10 people.
Where is PayTrie based?
PayTrie is headquartered in Calgary, Canada, in the North America region.
How does PayTrie make money?
Four revenue lines are on record. Stablecoin Trading Fees are the primary driver. The others are OTC Trading Services, foreign Exchange Services and global Money Transfer (Paytrie Send).
Who are PayTrie's main competitors?
Direct peers on record are Bitbuy, Coinsquare, Shakepay, Newton and NDAX. Circle is listed as an others. Broad incumbents are Wise, Wealthsimple Crypto, Kraken and Coinbase.
Does PayTrie have an API?
Yes. Paytrie offers an API for developers to build on/off-ramp solutions for their customers. The API enables users to buy and sell stablecoins (USDC and CADC) without leaving a partner platform. Paytrie handles KYC and payments infrastructure while partners focus on their product. A Paytrie Widget (embedded standalone widget for onboarding users to blockchain) is also in development. Developer documentation is at docs.paytrie.com.
What industry is PayTrie in?
PayTrie's product category is Stablecoin Exchange and Cryptocurrency Payments. Its primary akta.pro industry code is FSADAIAD, Crypto Remittance & Cross-Border Money Transfer Providers, with a secondary code of FSAGABAE, Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure. Its NAICS code is 52232.