Telpay

What Telpay does

Telpay is a Winnipeg-headquartered electronic payment platform serving Canadian businesses, founded in 1985 as the R&D division of Comcheq Services and currently operating as a privately held company under a Winnipeg Ownership Group that acquired it in 2020. The company's flagship product, Telpay for Business, is delivered through two deployment options — Telpay Online (cloud) and Telpay Desktop (legacy on-premise, being phased out) — and is complemented by specialized modules for Cash Flow management, Payroll Direct Deposit, Accounts Payable, Accounts Receivable (including Pre-Authorized Debits), CRA Payments, and International Payments. The platform processes over $20.2 billion in payments annually and is differentiated by what Telpay describes as Canada's largest vendor database (150,000+ suppliers), patent-protected bill-payment initiation technology, and deep two-way integrations with QuickBooks Online, Sage Business Cloud Accounting, and Sage 50, plus broader accounting software compatibility through a built-in Import Mapping Tool.

The underlying technology stack centers on a cloud-based payment engine with configurable multi-level approval workflows, session-based audit trails, optional dual-authorization on payment transmission, and segregated trust accounts that hold customer funds separate from corporate operating funds. Regulatory positioning is anchored by FINTRAC Money Service Business registration, PIPEDA and GDPR privacy compliance, and audited annual trust account reporting. Telpay monetizes primarily through transaction-based fees on EFT, PAD, payroll, and CRA remittance processing, supplemented by subscription-style platform access to Telpay Online, with pricing delivered via sales consultation rather than published rate cards.

Telpay's go-to-market combines inside sales (online sign-up via cloud.telpay.ca, demo booking, phone-based customer support) with channel sales through Application Service Provider partners, bookkeepers, accounting firms, and the Intuit QuickBooks App Store. The company targets primary segments of Bookkeepers, Accounting Firms, Finance Teams, and SME Businesses, with secondary vertical pages for Agriculture, Construction, Credit Unions, Professional Services, Property & Real Estate, and Restaurants & Hospitality. Marketing relies on a multi-channel mix including the blog, the Double Entry web series for bookkeeper community engagement, conference sponsorships across all major Canadian accounting events, social media, and customer case studies. The company is led by President and GM Mark Loewen (appointed June 2025), with Howard W. Loewen serving as Chairman of the Board.

Name

Telpay

Legal name

Telpay Incorporated

Website

https://telpay.ca

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

51–100 employees

Short description

Telpay is a Winnipeg-based electronic payment platform founded in 1985 that enables Canadian businesses to process EFT bill payments, payroll direct deposits, CRA remittances, PAD collections, and international payments from a single cloud platform integrated with QuickBooks and Sage, serving SMEs, finance teams, bookkeepers, and accounting firms.

Ownership category

akta.pro rank

Product category

Business Payments Platform

NAICS

Credit Bureaus (561450), Activities Related to Credit Intermediation (5223)

SIC

Services-Consumer Credit Reporting, Collection Agencies (7320), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Payment Orchestration Platforms (FSAGABAA)

akta.pro secondary industries

Bill Pay, Invoicing & Payables Platforms (BPAMAFAF), Digital Payments & Money Movement (ACH/SEPA/FPS, Bill Pay, P2P) (FSAGAAAF), International Bill Pay & Cross-Border Airtime/Top-Up (FSAGAKAM)

Keywords

• Electronic payment processing
• Business payments platform
• Accounts payable automation
• Payroll direct deposit
• Vendor payment processing

Headquarters

HQ city

Winnipeg

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Payment Processing Fees: Telpay charges fees for processing electronic payments including bill payments, payroll direct deposits, vendor payments, and government remittances. Transaction fees apply per payment processed through the platform.
2. Subscription Platform Access: Cloud-based Telpay Online platform provides ongoing access to payment processing capabilities with subscription-type ongoing access model for businesses.

Pricing tiers

Go-to-market motion5 records

Distribution channels5 records

Marketing channels9 records

Core offering

Telpay is Canada's all-in-one electronic payment platform for businesses, providing cloud-based payment processing for vendor payments, payroll direct deposits, CRA government remittances, accounts receivable via Pre-Authorized Debits, and international payments. The platform integrates with accounting software such as QuickBooks and Sage, processes over $20.2 billion in payments annually, and is built around Canada's largest vendor database of 150,000+ suppliers.

Product overview

Telpay offers a unified electronic payment platform called 'Telpay for Business', which consists of two deployment options: the cloud-based 'Telpay Online' platform and the legacy 'Telpay Desktop' platform. The core platform is complemented by specialized modules including Cash Flow management, Payroll Direct Deposit, Accounts Payable, Accounts Receivable, CRA Payments, and International Payments. Telpay Online, the flagship cloud offering, processes over $20.2 billion annually and seamlessly integrates with QuickBooks Online and Sage Business Cloud Accounting via two-way sync, while also supporting additional accounting software through its built-in Import Mapping Tool. The platform serves Canadian businesses across various industries with features like automatic reconciliation, customized approvals, scalable workflows, and next-day payment availability.

Differentiator

Problem solved

Functional benefit

Brands

• Double Entry: Original web series celebrating bookkeepers, created by Telpay as a brand initiative. The series reached over 3,000 bookkeepers within two months and was a finalist at the international Shorty Awards.

Products and services

• Cash Flow Cash flow management module that helps businesses get paid sooner, pay bills on time, and keep payroll running without bank holds, credit card fees, or juggling multiple systems.
• Payroll Direct Deposit Enables businesses to calculate payroll using any payroll solution, import net payroll information, transmit payment files to Telpay, and fund the trust account for employee direct deposit with payroll deposited as early as 2 business days.
• Accounts Payable Enables businesses to pay vendors, contractors, utilities, and credit cards electronically with automatic reconciliation, customized approvals, and scalable workflows.
• Accounts Receivable Allows businesses to receive payments with Pre-Authorized Debits (PADs), collect recurring funds, and improve AR turnover while reducing bank surcharges from credit card payments.
• CRA Payments Enables businesses to make federal and provincial government remittances with built-in forms, simplifying tax payment processing and ensuring compliance with government requirements.
• International Payments Enables businesses to send money internationally at a lower cost than other methods, supporting cross-border payments and USD transfers.
• Telpay Online Cloud-based payment platform with real-time visibility into payments, billers and employees, enhanced security including 2FA, and seamless two-way sync with QuickBooks Online and Sage Business Cloud Accounting.
• Telpay Desktop Legacy on-premise payment platform that integrates with accounting and payroll software including Adagio, CDK, Easypay, QuickBooks Desktop, Sage 100, and Sage 300.

Quantifiable outcome

• Over $20.2 billion in annual payment volume
• +4 more outcomes

Named customers11 records

Segments10 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration12 records

Feature10 records

Partnerships

Eight partnerships are on record, tiered major, core and supporting.

• Accountex CanadamajorGTM or Marketing Partner · 3 November 2026Telpay is an exhibitor at Accountex Canada 2026, November 3-4 at the International Centre in Mississauga, ON. Accountex is a major accounting technology exhibition in Canada.
• CPA CanadamajorGTM or Marketing Partner · 5 October 2026Telpay participates as exhibitor at The ONE National Conference October 5-7, 2026 in Quebec City, QC and virtually. CPA Canada is the national accounting body and this conference reaches accounting professionals across Canada.
• CPB CanadamajorGTM or Marketing Partner · 22 September 2026Telpay is an exhibitor at the CPB Canada IGNITE conference September 22-25, 2026 at the Bonaventure Hotel in Montreal, QC. The conference targets certified professional bookkeepers and Telpay engages to build relationships within this community.
• Ledgers CanadamajorGTM or Marketing Partner · 9 September 2026Telpay is a sponsor of the Ledgers Canada Annual Conference taking place September 9-13, 2026 at the Hard Rock Hotel in London, Ontario. The conference brings together accounting professionals and Telpay uses this venue for brand visibility and lead generation.
• Intuit QuickBookscoreTechnology or Integration · 8 April 2025Telpay is listed in the Intuit QuickBooks App Store as an integrated payment solution. The partnership provides seamless two-way synchronization with QuickBooks Online, enabling automatic payment syncing, bill marking as paid, and account reconciliation without manual updates. This integration is a key selling point for QuickBooks users seeking payment automation.
• SagecoreTechnology or IntegrationTelpay integrates with Sage Business Cloud Accounting and Sage 50 accounting software. The Sage Business Cloud Accounting integration offers seamless two-way synchronization with automatic vendor and payment syncing. Sage 50 integration uses Telpay's built-in Import Mapping Tool for payment file imports.
• Application Service Provider (ASP) PartnerscoreChannel Partner/ Reseller/ DistributorTelpay works with a network of ASP partners including AccSys Solutions (Adagio), bookkeepers, and accounting professionals who recommend Telpay payment services to their clients. These partners resell and facilitate Telpay adoption.
• Payroll Software ProviderssupportingTechnology or IntegrationTelpay integrates with various payroll software providers including PayTickr, enabling time tracking and payroll processing alongside Telpay's payment execution capabilities.

Scale indicators5 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• VoPay: VoPay is a Canadian payment platform offering embedded payment orchestration, EFT/ACH processing, and AP/AR automation for Canadian businesses. It directly competes with Telpay in the Canadian SMB bill pay and EFT processing space, with similar integrations to accounting software and a comparable focus on Canadian regulatory compliance.
• Plastiq: Plastiq is a Canadian-founded bill payment platform that enables businesses to pay any vendor by credit card, including those that don't accept cards. Comparable to Telpay in its focus on SMB bill pay automation, vendor payment workflows, and Canadian SMB customer base.
• Paymentus: Paymentus is a US-based electronic bill payment presentment and processing platform serving billers, utilities, and financial institutions. It is comparable to Telpay as a bill pay infrastructure provider, though Telpay focuses on SMB payables while Paymentus focuses more on biller-side EBPP.

Broad incumbents

• Bill.com: Bill.com is a leading US-based AP/AR automation platform serving SMBs and accounting firms with bill pay, invoice management, and approvals workflows. Comparable to Telpay in its AP automation and accounting firm go-to-market, though Bill.com is much larger and focused on the US market.
• Moneris: Moneris is one of Canada's largest payment processors, offering card processing, EFT, and online payment solutions for Canadian merchants. Comparable to Telpay as a Canadian payment infrastructure provider, though Moneris is more focused on card-present and merchant acquiring rather than SMB AP/bill pay.
• Interac: Interac is Canada's dominant debit card and electronic payment network, operating Interac e-Transfer for P2P and SMB payments. Comparable to Telpay as a core Canadian payment rail, with e-Transfer representing a competing rails for SMB-to-vendor and PAD payments that overlap with Telpay's AR and PAD offerings.
• RBC Royal Bank: RBC is Canada's largest bank and offers comprehensive business banking including EFT, wire transfers, payroll services, and increasingly embedded AP/AR tools. Comparable to Telpay as a provider of payment services to Canadian SMBs, with RBC having the advantage of bundled deposit accounts and credit.
• Stripe: Stripe is a global payments infrastructure platform increasingly expanding into SMB bill pay, ACH/SEPA processing, and embedded financial services. Comparable to Telpay as a payment processing platform, though Stripe targets developers and online-first businesses rather than the bookkeeper-led SMB segment where Telpay competes.
• Block (Square): Block (Square) offers SMB payment processing, payroll, and AP tools via Square and Cash App for Business, including bill pay features for SMBs. Comparable to Telpay as a comprehensive SMB payment and financial workflow provider, though Block's center of gravity is US-based SMBs and consumer-facing products.

Emerging players

• Wise (formerly TransferWise): Wise is a global cross-border payments platform offering international business payments with mid-market FX. Comparable to Telpay specifically in the international payments segment where Telpay has launched early-stage cross-border capability; Wise is much larger globally but less focused on Canadian domestic AP/bill pay.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/telpay
• YouTubeyoutube.com/user/telpayincorporated/videos
• Facebookfacebook.com/150434991690559
• LinkedInlinkedin.com/company/telpay-incorporated
• Instagraminstagram.com/telpay

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments

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

Frequently asked questions about Telpay