Apaylo
Apaylo is a Canadian licensed PSP that provides API-first payment infrastructure — EFT, e-transfers, wires, Billpay, and international transactions — to 200+ merchants, with a primary focus on crypto exchanges, money services businesses, and high-risk verticals underserved by traditional banks.
- Company typePrivate
- Founded2019
- HeadquartersVaughan, Canada
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
Apaylo firmographics
Firmographics- Name
- Apaylo
- Legal name
- Apaylo Finance Technology Inc.
- Website
- https://apaylo.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Apaylo is a Canadian licensed PSP that provides API-first payment infrastructure — EFT, e-transfers, wires, Billpay, and international transactions — to 200+ merchants, with a primary focus on crypto exchanges, money services businesses, and high-risk verticals underserved by traditional banks.
- Ownership category
- akta.pro rank
Apaylo industry classification
Industry- Product category
- Payment Processing Platform
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Alternative Payment Methods (APM) Enablement (Wallets, A2A, Local Rails) (FSAGABAJ)
- akta.pro secondary industries
- Bank-to-Bank Transfers & Pay-by-Bank (Consumer & Merchant) (FSAMAFAC), Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB), Cross-Border Payouts & Mass Disbursements (Pay-outs) (FSAMAIAJ), Marketplace & Platform Seller Payouts (FSAMAKAE)
Keywords
Where Apaylo is headquartered
LocationHeadquarters
- HQ city
- Vaughan
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Apaylo business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Operations, Personnel, Marketing or Sales, Infrastructure
Revenue model
- Payment Processing Fees: Apaylo charges fees for processing transactions including Apaylo Fees for standard services and fees for additional services outside standard offerings. Fees may be adjusted based on changes to Scheme and interchange fees, international banking regulations, currency restrictions, or fee changes by partner banks. Merchants authorize Apaylo to debit their bank accounts for fees via Pre-Authorized Debits (PADs).
- Settlement Services: Revenue generated from settlement services where Apaylo settles merchant funds to their designated bank accounts. Credit card processing has default settlement of 3 business days, Direct Debit/Direct Payment has 5 business days settlement. Fees are deducted from completed transactions.
- Customization and Additional Services: Time and materials charges for customization or alterations to Apaylo Services requested by merchants beyond standard offerings, at Apaylo's then-current rates.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Monthly | Custom enterprise pricing based on transaction volume and services selected |
Go-to-market motion4 records
Distribution channels3 records
Marketing channels7 records
Apaylo product offering
Product offeringCore offering
Apaylo operates an all-in-one payment processing platform that delivers five core payment rails: Electronic Funds Transfer (EFT) up to $2MM per day, E-transfers up to $25,000 with near real-time settlement, Wires for domestic and international transactions with same-day settlement, Billpay for Canadian invoice and recurring payments, and International Transactions across 100+ countries. The platform is delivered through a developer-friendly REST API and a Merchant Admin Portal, and targets Canadian regulated businesses including crypto exchanges, money services businesses (MSBs), fintechs, and SMEs.
Product overview
Apaylo is an all-in-one payment platform providing comprehensive payment solutions for modern businesses in Canada. The platform offers a modular portfolio of payment products including five core payment rails (EFT up to $2MM/day, E-transfers up to $25,000, Wires for domestic/international transfers, Billpay for Canadian bill payments, and International Transactions across 100+ countries). These core products are complemented by merchant tools including a Merchant Admin Portal for transaction management and an API for developer integration. The platform leverages open banking technology and serves a diverse client base including high-risk industries such as crypto exchanges, adult content merchants, money services businesses, and international remittance providers. Apaylo processes over $10 billion annually across 4 million transactions for 200+ merchants.
Differentiator
Problem solved
Functional benefit
Products and services
- Electronic Funds Transfer (EFT) Versatile electronic funds transfer system designed to process large B2B and B2C transactions up to $2MM per day with direct, secure settlements and non-recourse benefits for pushed funds. Targets Canadian businesses with sizeable transaction volumes.
- E-transfers Swift electronic method facilitating sending and receiving of funds up to $25,000 nearly instantaneously, with near real-time settlements and immediate availability of non-recourse funds. Tailored for businesses engaged in smaller B2B and B2C transactions.
- Wires Comprehensive system for sending and receiving domestic and international B2B and B2C transactions with same-day settlements and enhanced due diligence for larger transfers.
- Billpay Payment solution leveraging the Canadian Billpay network via a robust payee list, offering merchants fast settlement times and higher per-transaction limits. Designed for invoice payments, recurring payments from customers to merchants, and payments to vendors and supplier payees.
- International Transactions Innovative system facilitating payments from over 100 countries in numerous currencies with swift and efficient settlements, aimed at businesses with global payment needs.
Quantifiable outcome
- $10B+ processed on platform
- +4 more outcomes
Companies that use Apaylo
Customer profileNamed customers5 records
Segments5 records
Ideal customer profiles4 records
Apaylo technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability2 records
Feature7 records
Apaylo partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- Digital Commerce Group (DCGroup)coreDCGroup partnered with Apaylo and other organizations to offer a $100,000 non-dilutive fintech grant for early-stage Canadian fintech startups, comprising $95,000 in cash funding and a $5,000 Osler Startup Package. The grant aims to support promising Canadian fintech founders facing challenges accessing capital, visibility, and strategic industry connections.
- StartupfestcoreStartupfest hosts the live pitch competition where the fintech grant winner will be selected from ten finalists announced on June 26. The event takes place in Montreal from July 8-10 and serves as the venue for the grant program's culmination.
- Outlier ComplianceminorPartner in the $100K fintech grant program for early-stage Canadian fintech startups, contributing compliance expertise and support to grant recipients.
- OslerminorLegal partner contributing a $5,000 Osler Startup Package as part of the fintech grant program for early-stage Canadian fintech startups.
- Paramount CommercecoreApproved third-party sub-processor for Apaylo's payment services. Listed in the Data Processing Agreement as an approved entity for processing payment transactions and transmitting files to banks. Located in Canada.
Scale indicators9 records
Recent moves6 records
Expansion highlights5 records
Apaylo competitors and assessment
Company assessmentBroad incumbents
- Nuvei: Canadian-headquartered global payment processor serving merchants and fintechs across multiple verticals including high-risk. Comparable in regulated Canadian PSP positioning but with a much broader geographic and product footprint.
- Stripe: Global payment infrastructure platform serving platforms and fintechs with unified APIs. Comparable API-first developer experience, but at vastly greater scale and with broader geographic and product coverage.
- Moneris: Canada's largest domestic payment processor offering card-present and e-commerce processing. Comparable as a Canadian PSP serving SME merchants, but focused on card rails versus Apaylo's EFT/wire/billpay emphasis.
- Payoneer: Global cross-border payments and mass-payouts platform serving marketplaces, freelancers, and SMBs. Comparable in international transactions and mass payouts offerings that overlap with Apaylo's MSB/remittance customer base.
- Adyen: Global payments platform offering unified processing across cards, ACH, and local payment methods. Comparable as a multi-rail orchestrator targeting platforms and enterprises, with far greater capital and global reach.
- Wise (TransferWise): Cross-border money movement and multi-currency platform. Comparable in international remittance and multi-currency FX capabilities that intersect with Apaylo's international transactions and MSB segments.
Direct peers
- VoPay: Canadian payment infrastructure provider offering API-based EFT, ACH, and real-time payment processing to platforms and fintechs. Highly comparable in geography, product surface area, and API-first go-to-market.
- BitPay: Crypto payment processor enabling merchants to accept and settle in cryptocurrency and fiat. Directly comparable vertical overlap with Apaylo's crypto exchange and OTC desk customer segment.
Regional players
- Interac: Canada's domestic debit and e-Transfer payment network. Apaylo's e-transfer and billpay products integrate with Canadian rails similar to Interac's, making it a key rail dependency and adjacent competitor.
Emerging players
- Circle: Stablecoin and crypto payment infrastructure provider. Comparable in serving crypto and cross-border payment use cases for fintechs and exchanges, though with a USDC-anchored rather than EFT-anchored stack.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Apaylo social profiles
Digital presenceApaylo compliance and trust
Trust signalCompliance5 records
Apaylo financial estimates
Financial estimateRevenue estimate
Valuation estimate
Apaylo leadership team
Management profileNumber of profiles
Profiles1 record
Apaylo funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Apaylo 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 Apaylo
What does Apaylo do?
Apaylo operates an all-in-one payment processing platform that delivers five core payment rails: Electronic Funds Transfer (EFT) up to $2MM per day, E-transfers up to $25,000 with near real-time settlement, Wires for domestic and international transactions with same-day settlement, Billpay for Canadian invoice and recurring payments, and International Transactions across 100+ countries. The platform is delivered through a developer-friendly REST API and a Merchant Admin Portal, and targets Canadian regulated businesses including crypto exchanges, money services businesses (MSBs), fintechs, and SMEs.
Is Apaylo a public or private company?
Apaylo is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Apaylo founded?
Apaylo was founded in 2019. It employs 1 to 10 people.
Where is Apaylo based?
Apaylo is headquartered in Vaughan, Canada, in the North America region.
How does Apaylo make money?
Three revenue lines are on record. Payment Processing Fees are the primary driver. The others are settlement Services and customization and Additional Services.
Who are Apaylo's main competitors?
Broad incumbents on record are Nuvei, Stripe, Moneris, Payoneer, Adyen and Wise (TransferWise). Direct peers are VoPay and BitPay. Interac is listed as a regional player. Circle is listed as an emerging player.
Does Apaylo have an API?
Yes. Apaylo provides a powerful API integration tool providing full API endpoints. Businesses can seamlessly integrate payment processes into their branded web or apps, streamlining operations and elevating user experiences. Comprehensive integration with full API endpoints allows amplification of branded web or apps with integrated payment solutions. API integrations are available for all features including EFT, e-transfers, wires, billpay, and international transactions. Developer documentation is at docs.apaylo.com.
What industry is Apaylo in?
Apaylo's product category is Payment Processing Platform. Its primary akta.pro industry code is FSAGABAJ, Alternative Payment Methods (APM) Enablement (Wallets, A2A, Local Rails), with a secondary code of FSAMAFAC, Bank-to-Bank Transfers & Pay-by-Bank (Consumer & Merchant). Its NAICS code is 522320 and its SIC code is 6199.