Perativ

What Perativ does

Perativ is a Canadian financial technology company, founded in 2005 and headquartered in Mississauga, Ontario, that builds and operates cash distribution and cash optimization infrastructure for retail banks and merchants across North America. Its core product is an AI-automated SaaS platform for cash distribution network optimization that integrates four operational functions — load compliance, treasury reconciliation, cash forecasting, and bulk cash ordering — across a bank's ATMs, cash deposit units (CDUs), teller cash recyclers, and branch vaults. The platform runs on Microsoft Azure, is SOC2 and SOC3 compliant, and uses machine learning forecasting plus a six-point automated load compliance matching system to deliver reported outcomes of a 42% reduction in cash float, 50% reduction in emergency cash loads, 15% reduction in regular cash loads, and ~98% automated treasury reconciliation.

In parallel with the SaaS platform, Perativ operates a merchant ATM services business under the Access Cash brand in Canada and the CashNGo brand in the United States, collectively managing more than 11,000 ATMs deployed with merchant partners including Walmart Canada. The company also provides consultative Bank Branded ATM deployment services, helping banks extend branded ATM reach into underserved areas and commercial customer locations. Named enterprise customers include BMO, RBC, and Walmart Canada, with the merchant network spanning multitudes of SMB merchants.

Perativ's revenue model combines SaaS subscriptions from retail banks for the cash optimization platform with transaction-fee and revenue-share economics from the merchant ATM network. Go-to-market is a consultative enterprise field sales motion directed at bank ATM and treasury teams, complemented by channel partnerships with major ATM manufacturers (Nautilus Hyosung, Triton Systems, NCR, Wincor-Nixdorf) and dedicated merchant-facing sub-brands for the SMB channel. The company is privately held as Perativ General Partnership, with 101-250 employees and no disclosed external funding rounds.

Name

Perativ

Legal name

Perativ General Partnership

Website

https://perativ.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

101–250 employees

Short description

Perativ is a Canadian fintech that provides an AI-automated SaaS platform for cash distribution network optimization to retail banks, and operates 11,000+ ATMs across Canada and the US under its Access Cash and CashNGo brands for merchant partners.

Ownership category

akta.pro rank

Product category

Cash Management Software

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

akta.pro primary industry

Cash Forecasting, Reconciliation & Liquidity Tools (FSAMAOAH)

akta.pro secondary industry

ATM Deployers & Managed ATM Services (IAD/ISO) (FSAMAOAC)

Keywords

• Cash optimization software
• ATM management services
• Cash distribution network
• Treasury reconciliation platform
• Merchant ATM solutions

Headquarters

HQ city

Ottawa

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. SaaS Platform Subscription: Perativ offers a dynamic, automated SaaS platform to retail banks for cash distribution network optimization. The platform helps banks manage ATMs, branches, teller cash and vaults through subscription-based access to their cash optimization technology.
2. Merchant ATM Revenue Share: Perativ operates over 11,000 ATMs for merchants through Access Cash (Canada) and CashNGo (US) brands. Merchants benefit from customer foot traffic and revenue share models, with options for turnkey solutions or merchant-owned/managed ATMs.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Perativ provides an AI-automated SaaS platform that optimizes cash distribution networks for retail banks by integrating four core functions: load compliance, treasury reconciliation, cash forecasting, and bulk cash ordering across ATMs, CDUs, teller cash, and branch vaults. In parallel, Perativ operates over 11,000 ATMs for merchants through its Access Cash (Canada) and CashNGo (US) brands, offering turnkey or merchant-owned/managed ATM programs with revenue share models.

Product overview

Perativ is a SaaS platform provider for cash optimization serving retail banks and merchants. The core product is the Cash Distribution Network Optimization platform, an AI-automated SaaS solution that integrates load compliance, treasury reconciliation, cash forecasting, and bulk cash ordering functions. Supporting products include Bank Branded ATMs (consultative deployment and operations) and Merchant ATM services operated under the Access Cash (Canada) and CashNGo (US) sub-brands, collectively managing over 11,000 ATMs.

Differentiator

Problem solved

Functional benefit

Brands

• Access Cash: ATM brand operating in Canada, powering more than 11,000 ATMs in merchant locations across Canada.
• CashNGo

Products and services

• Cash Distribution Network Optimization AI-automated SaaS platform that optimizes bank cash distribution networks by integrating load compliance, treasury reconciliation, cash forecasting, and bulk cash ordering functions across ATMs, CDUs, teller cash, and branch vaults. Designed for retail banks seeking to reduce cash float and CIT costs.
• Bank Branded ATMs

Quantifiable outcome

• 42% reduction in cash float
• +5 more outcomes

Named customers4 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature5 records

Partnerships

Five partnerships are on record, tiered core.

• Nautilus HyosungcoreTechnology or IntegrationLeading ATM manufacturer partnered with Perativ to provide latest ATMs at best prices for merchant ATM programs.
• Triton SystemscoreTechnology or IntegrationATM manufacturer partner providing hardware for Perativ's merchant and bank ATM solutions.
• NCRcoreTechnology or IntegrationMajor ATM manufacturer partnered with Perativ to supply ATM hardware for merchant and bank branded deployments.
• Wincor-NixdorfcoreTechnology or IntegrationATM manufacturer partner supplying equipment for Perativ's cash distribution solutions.
• Microsoft AzurecoreTechnology or IntegrationCloud infrastructure partner for Perativ's SaaS operations. Perativ is SOC2 and SOC3 compliant and has partnered with Microsoft Azure Cloud for operations.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Emerging players

• Cashforce (Coupa): Cash forecasting and treasury intelligence platform (acquired by Coupa) that competes with the cash forecasting module of Perativ's platform, focused on corporate treasuries that overlap with Perativ's bank-side users.
• GTreasury: Integrated treasury management SaaS platform with cash positioning, forecasting, and bank connectivity, targeting the same treasury and cash management buyer as Perativ's reconciliation and forecasting modules.
• Trovata: Cloud-native cash management and treasury SaaS platform for corporates and banks, competing in the same AI-enabled cash forecasting and treasury workflow category that Perativ's optimization platform addresses for retail banks.

Direct peers

• Euronet Worldwide: Operates one of the largest independent ATM networks globally through the ATM Network Services and epay segments, with comparable independent ATM deployer economics and bank/merchant relationships to Perativ's Access Cash and CashNGo.
• NCR Atleos: Spun off from NCR in 2023, NCR Atleos operates the largest independent ATM network in North America (combining NCR's ATM business with the legacy Cardtronics estate) and offers bank ATM management software, directly competing with Perativ's 11,000+ ATM network and cash-optimization platform.
• Loomis: Cash handling, CIT, and ATM services provider with a significant ATM management and cash-optimization business for banks and retailers, comparable to Perativ's combined merchant ATM and bank SaaS offering.
• Brink's: Global cash management, cash-in-transit, and ATM services company serving banks and merchants, with a directly overlapping end-to-end cash distribution and ATM operating model compared to Perativ's Access Cash and CashNGo businesses.

Others

• Hyosung: A leading global ATM manufacturer that is both a strategic hardware partner of Perativ and a participant in the ATM services ecosystem; relevant as an adjacent ecosystem player whose go-to-market decisions (e.g., direct deployer competition) directly affect Perativ's hardware supply and unit economics.

Broad incumbents

• Diebold Nixdorf: Global ATM manufacturer and managed services provider with cash management software and DN Vynamic software suite, overlapping with both Perativ's hardware partnerships and its bank cash-optimization software, but operating across a much broader banking and retail hardware portfolio.
• CashConnect (FIS): FIS's cash management and ATM solutions unit providing ATMs, cash forecasting, and reconciliation tools to banks, directly overlapping Perativ's bank SaaS offering but as part of FIS's much larger financial software portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UC65ow_-BJL-41HTQgsIoMNg
• LinkedInlinkedin.com/company/perativ1

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Perativ