What PAXI Technologies does

PAXI Technologies is a Toronto- and Montreal-based, privately held vertical technology provider founded in 2014 that serves a single customer base: taxi drivers and fleet operators in the Canadian provinces of Quebec and Ontario. Rather than a single product, PAXI assembles an integrated ecosystem of six services spanning the operational needs of a taxi driver: payment processing (Ingenico DX8000 fixed and MOBY8500 Bluetooth terminals running on Global Payments infrastructure), the VECO Taxi Uber-style dispatch application, the VECOSEV sales-recording solution certified by Revenu Québec, an all-electric E-Taxi vehicle package built on the BYD E6, Telus mobile phone plans resold to drivers, and professional vehicle wrapping using 3M/Avery Dennison vinyl.

Technically, the company is an integrator rather than a primary technology developer. Its payment stack depends on Global Payments/Ingenico hardware and processing, its dispatch and sales-recording functionality is delivered through the Veco Taxi partner application, its connectivity is Telus's network, and its vehicles are BYD's. PAXI's distinctive assets are the bundling of these third-party components into one offering and the regulatory certification of VECOSEV by Revenu Québec, which became commercially relevant when the province mandated sales-recording solutions for all taxi drivers by November 1, 2021.

The business model is predominantly recurring subscription and transaction revenue layered across the bundle: terminal rentals ($25/month DX8000, $10/month MOBY8500), credit/debit transaction fees ($0.10 + 2.5% credit, $0.10 debit), SEV software subscriptions ($12/month for existing terminal customers, $23/month otherwise, plus a $175 setup fee and printer purchase), Telus mobile plans ($45/month), and one-time (optionally financed) vehicle wrapping from $29/month over three years. Go-to-market is sales-led and regional, run through physical offices in Montreal and Toronto, a toll-free and local phone lines, a bilingual website, and email/YouTube tutorials. The customer is uniformly SMB/individual (owner-operator drivers), and the company is small (1–10 employees) with no disclosed outside funding.

Name

PAXI Technologies

Legal name

PAXI Technologies

Website

https://paxi.ca

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

1–10 employees

Short description

PAXI Technologies is a Montreal/Toronto-based vertical provider that bundles payment terminals, Uber-style dispatch, Revenu Québec-certified sales recording, Telus mobile plans, BYD electric vehicles, and wrapping services into one ecosystem for Quebec and Ontario taxi drivers.

Ownership category

akta.pro rank

Product category

Taxi Industry Payment and Technology Solutions

NAICS

Taxi and Ridesharing Services (48531), Taxi and Limousine Service (4853)

SIC

Transportation Services (4700)

akta.pro primary industry

Ridesharing & Taxi Dispatch Platforms (BPAMAHAA)

akta.pro secondary industries

E-Hailing Taxi Aggregators (Licensed Taxi Dispatch Platforms) (THADADAC), Ride-Hailing & Taxi Aggregation Platforms (BPAMAIAE)

Keywords

• Payment processing services
• Taxi dispatch software
• Mobile payment terminals
• Sales recording compliance
• Taxi fleet solutions

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Supply Chain, Infrastructure

Revenue model

1. Payment Terminal Rental: Monthly rental fees charged for payment terminal hardware (DX8000 at $25/month, MOBY8500 at $10/month). Revenue is recurring and predictable based on terminal subscriptions.
2. Payment Transaction Fees: Transaction-based fees on every payment processed: $0.10 + 2.5% for credit cards, $0.10 flat for debit transactions. Volume-dependent recurring revenue.
3. SEV Software Subscription: Monthly software fees for sales recording solution: $12/month for existing PAXI payment terminal customers, $23/month for others. Plus mandatory setup fees of $175 and printer purchase.
4. Mobile Plan Distribution: Telus mobile plan distribution partnership generating revenue through subscriber fees of $45/month for 50GB data plan with unlimited calls/texts to Canada and USA.
5. Taxi Vehicle Wrapping: Vehicle wrapping/lining services for taxis with financing options starting at $29/month over 3 years. One-time service revenue with optional financing.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

PAXI Technologies provides an integrated technology ecosystem for taxi drivers in Quebec and Ontario, bundling payment processing terminals (Ingenico DX8000 and MOBY8500), a mobile dispatch application (VECO Taxi), a Revenu Québec-certified sales recording solution (VECOSEV), an electric taxi vehicle package with BYD, a Telus mobile plan offering, and professional vehicle wrapping services. The company sells and rents its hardware and software subscriptions directly to taxi drivers and fleet operators through its Montreal and Toronto offices and bilingual website.

Product overview

PAXI Technologies offers a unified ecosystem for the Quebec taxi industry comprising six integrated services: PAXI Mobile Payment System (Ingenico terminals with Global Payments processing), VECO Taxi dispatch application, VECOSEV sales recording solution for Revenu Québec compliance, E-Taxi electric vehicle package with BYD E6, Telus mobile plans, and vehicle wrapping services. The ecosystem is designed as an all-in-one platform supporting taxi drivers from dispatch and payment processing through regulatory compliance and vehicle customization.

Differentiator

Problem solved

Functional benefit

Brands

• Veco Taxi: Application de répartition (dispatch application) for taxi drivers, certified by Revenu Québec for SEV compliance.
• VecoSEV
• PAXI Technologies

Products and services

• PAXI Mobile Payment System (DX8000 Ingenico & MOBY8500) Mobile payment terminal solution for taxi drivers featuring the DX8000 Ingenico fixed terminal (with integrated SIM card and printer) and the MOBY8500 Bluetooth terminal paired with Global Payments Mobile Pay application, enabling credit card (Visa/Mastercard/Amex), debit, and mobile payments for taxi drivers in Quebec and across Canada.
• VECOSEV (Solution d'enregistrement des ventes) Sales recording application certified by Revenu Québec for taxi industry regulatory compliance with government tax reporting requirements, featuring mandatory registration fees and a compatible receipt printer. Available to PAXI terminal customers at $12/month or to non-PAXI customers at $23/month.
• VECO Taxi (Dispatch Application) Mobile dispatch application connecting taxi drivers with passengers, functioning as a universal dispatcher styled like Uber, with integrated sales recording capability for Revenu Québec compliance within the same Android mobile application.
• E-Taxi Solution (BYD E6 Electric Taxi Package) All-in-one electric taxi vehicle solution featuring the BYD E6 100% electric vehicle bundled with the PAXI payment system, mobile phone plan, smart taximeter, and security camera as a complete taxi-ready package with PAXI payment terminal included at no monthly cost.
• PAXI Mobile Plan (Forfait Mobile)

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature4 records

Partnerships

Seven partnerships are on record, tiered core, support and flagship.

• Global Payments / IngenicocoreTechnology or IntegrationStrategic technology partnership for payment processing solutions. PAXI offers Global Payments Ingenico DX8000 and MOBY8500 terminals exclusively to taxi drivers. Global Payments provides merchant support (1-800-599-6491) and Mobile Pay Bluetooth support (1-855-445-6225). This partnership enables competitive transaction rates of 2.5% + $0.10 for credit cards.
• BYD (Build Your Dreams)coreStrategic or Co-development PartnerPartnership for 100% electric E-Taxi vehicle solutions featuring the BYD E6. Vehicles include 8-year battery warranty and 5-year (500,000km) bumper-to-bumper coverage. The E-Taxi package integrates PAXI payment terminal, mobile plan, taximeter, and security camera as a complete solution.
• TeluscoreChannel Partner/ Reseller/ DistributorMobile network partnership offering exclusive taxi industry mobile plans at $45/month for 50GB data with unlimited Canada/USA calls and texts. PAXI acts as a distributor of Telus mobile services to taxi drivers with multiline discount options and Telus Health benefits included.
• Revenu QuébeccoreStrategic or Co-development PartnerRegulatory partnership for VECO SEV sales recording application certified by Revenu Québec for taxi industry compliance. VECO SEV provides mobile application functionality meeting Revenu Québec requirements with government subsidy availability (100% subsidy until November 1, 2021).
• Veco TaxicoreTechnology or IntegrationVeco Taxi dispatch application partner providing UBER-style mobile dispatch functionality integrated into the PAXI ecosystem. The VECO SEV application combines dispatch features with Revenu Québec certified sales recording in a single mobile application for Android devices.
• Monetico DesjardinssupportTechnology or IntegrationPayment terminal support partnership providing emergency merchant support (1-888-285-0015) for PAXI payment terminals outside regular business hours.
• Tourism MontrealflagshipStrategic or Co-development PartnerExclusive wrapping service provider for Tourism Montreal taxi contracts. PAXI provides superior quality vinyl wrapping (3M/Avery Dennison) with certified installation teams for both sedans and vans serving Montreal's tourism industry.

Scale indicators1 record

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Uber: Global rideshare platform that is the principal demand-side disruptor of the licensed taxi industry PAXI serves. While not a direct product peer, Uber competes for the same end-rider wallet and shapes the regulatory environment PAXI operates in.
• Verifone: Global payment-terminal hardware and services provider serving taxi, retail, and hospitality verticals. Comparable to PAXI's Ingenico terminal offering (Verifone and Ingenico are direct competitors in taxi payment hardware globally).
• Square (Block): Mainstream SMB payment-terminal and software provider with broad vertical coverage including taxi/fleet merchants. Comparable to PAXI's DX8000/MOBY8500 payment terminal + software bundle, though Square does not specialize in taxi regulatory compliance.
• Lyft: North American rideshare platform competing for the same rider demand as licensed taxis. Like Uber, not a direct taxi-tech peer but a structural competitor shaping the addressable market for PAXI's taxi-driver customers.

Direct peers

• iCabbi: Toronto-based taxi dispatch and fleet management platform offering back-office, driver apps, and integrated payments. Directly comparable to PAXI on the VECO Taxi dispatch + payments + ecosystem proposition, with a similar niche focus on licensed taxi operators.
• G7: French regulated taxi-hailing cooperative platform with integrated dispatch, payment, and compliance features for licensed taxis. Comparable as a regulated-market taxi ecosystem player, though operating in a different geography.
• Curb (formerly Taxi Magic): North American taxi-hailing and payment app connecting riders with licensed taxis, with integrated in-cab payment terminals. Closely comparable to PAXI's combination of taxi dispatch app and mobile payment processing for licensed taxi drivers.
• Autocab: UK-based taxi dispatch and booking software provider serving licensed taxi operators with driver apps, passenger apps, and back-office tools. Comparable as a vertical taxi-tech platform with similar ecosystem strategy and regulatory alignment to licensed-taxi frameworks.

Regional players

• Moneris: Canada's largest domestic payment processor offering terminals and merchant services to Canadian SMBs. Comparable as the underlying payments competitor to PAXI's Global Payments partnership for Canadian taxi merchants.

Emerging players

• Stripe Terminal: Developer-first payment-terminal product from Stripe, increasingly serving SMB merchants including mobility operators. Comparable on the payment-terminal and processing layer, though without PAXI's taxi-specific regulatory compliance angle.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCZUx95t0Sp69vZkp27qW1zQ
• Xx.com/paxi_tech
• Facebookfacebook.com/PAXIToronto
• LinkedInlinkedin.com/company/paxi-technologies-inc-

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PAXI Technologies