Payflo
Payflo is a Canadian payment disbursement platform that provides businesses with digital payouts, check mailing (Checkflo), and cash redemption across roughly 70,000 retail locations, serving SMB and mid-market clients across the US and Canada via APIs and payroll/ERP integrations.
- Company typePrivate
- Founded-
- HeadquartersPierrefonds, Canada
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
Payflo firmographics
Firmographics- Name
- Payflo
- Legal name
- Payflo Inc.
- Website
- https://payflo.com
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Payflo is a Canadian payment disbursement platform that provides businesses with digital payouts, check mailing (Checkflo), and cash redemption across roughly 70,000 retail locations, serving SMB and mid-market clients across the US and Canada via APIs and payroll/ERP integrations.
- Ownership category
- akta.pro rank
Where Payflo is headquartered
LocationHeadquarters
- HQ city
- Pierrefonds
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Payflo business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Pay-As-You-Go Transaction Fees: Usage-based model with no setup fees, monthly fees, or hidden fees; customers pay only for what they use. Particularly associated with the Pay With Cash product.
- Check Payout / Mailing Service Fees: Revenue from branded check printing, mailing, and fulfillment services with volume discounts on delivery (FedEx & Priority Mail options).
- Digital Payment Disbursement Service Fees: Revenue from cross-border and domestic digital payment disbursements across 10+ payment modes including ACH, wires, push-to-card, PayPal, Venmo, etc., billed per transaction.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Pay-as-you-go | Pay-As-You-Go with no setup, monthly, or hidden fees |
| Unit Pricing | Pay-as-you-go | Volume-based check mailing service with delivery discounts |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels6 records
Payflo product offering
Product offeringCore offering
Payflo provides a cloud-based unified payment infrastructure that aggregates physical check fulfillment, digital payment disbursements across 10+ modes, cash payment acceptance through a 70,000-location retail network, and bank payment processing. The platform offers a single point of reconciliation with PCI and NACHA compliance, tokenization, AML/CFT/fraud protection, and RESTful APIs for developer integration. It serves SMEs and large enterprises that need to automate and consolidate fragmented B2B and B2C accounts payable and receivable workflows.
Product overview
Payflo provides advanced payment infrastructure for regulated industries, integrating digital and physical payment solutions through a unified Payout Platform. The offering is structured as a core platform (Payflo Payout Platform) supporting multiple product modules: Digital Payment Disbursements (10+ payment modes with single reconciliation), Check Payouts (print and mail branded checks), Pay With Cash (retail cash acceptance network), and Bank Payment Processing (online banking payments). The Checkflo sub-brand (accessible at checkflo.com) serves as the dedicated cloud-based physical check fulfillment service within the platform, enabling automation of check processing, printing, and disbursement. Together, these offerings support B2B and B2C accounts payable/receivable workflows with a single point of funding, AML/CFT/fraud protection, and integration via RESTful APIs.
Differentiator
Problem solved
Functional benefit
Brands
- Checkflo: Cloud-based service that enables SMEs and large enterprises to automate and outsource their physical check processing, printing and disbursement; operated under a separate website (checkflo.com).
Products and services
- Payflo Payout Platform
Quantifiable outcome
- 70,000 retail locations enabled for cash payment acceptance
- +2 more outcomes
Companies that use Payflo
Customer profileSegments4 records
Ideal customer profiles4 records
Payflo technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature5 records
Payflo partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core, flagship and minor.
- DataBlendcoreDataBlend is an Integration Platform as a Service (iPaaS) that allows accounting and finance professionals to create secure data integrations. The partnership expands Payflo's digital integration capabilities for check payment customers and enables Payflo to serve as the physical check fulfillment vendor for DataBlend customers. Provides pre-built integrations connecting the Checkflo platform to digital ERP and HR Payroll systems. Service also available via API or .csv file upload without a pre-funded model.
- KyckGlobalflagshipKyckGlobal is an emergent financial technology firm specializing in streamlined digital payments with a cloud-based payments engine featuring fifteen unique payment types. The partnership expands PayFlo's digital disbursement options for US and Canadian customers, adding PayPal, Venmo, push-to-card, push-to-account, wires, international ACH, and other cross-border solutions. PayFlo provisions physical checks for KyckGlobal in return.
- First DataminorFirst Data is listed as one of Payflo's partners on the Company page, indicating a payments processing partnership.
- InCommminorInComm is listed as a Payflo partner on the Company page, supporting cash payment network and prepaid/payment processing capabilities.
- Secure Payment SystemsminorSecure Payment Systems is listed as a Payflo partner on the Company page, supporting payment processing services.
- VantivminorVantiv is listed as a Payflo partner on the Company page, supporting payment processing services.
- Sightline PaymentsminorSightline Payments is listed as a Payflo partner on the Company page, providing payments technology for the gaming/financial sectors.
- TelecheckminorTelecheck is listed as a Payflo partner on the Company page, supporting check acceptance and verification services.
- CT-PaymentminorCT-Payment is listed as a Payflo partner on the Company page, providing payment processing capabilities.
- CheckflocoreCheckflo is a cloud-based service within the Payflo product family that enables SMEs and large corporates to automate and outsource their physical check processing, printing, and disbursement. Linked from Payflo's Partners menu.
Scale indicators5 records
Recent moves5 records
Expansion highlights5 records
Payflo competitors and assessment
Company assessmentDirect peers
- Tipalti: Accounts payable automation and global payout platform serving mid-market and enterprise finance teams. Comparable to Payflo in unifying AP/AR workflows, multi-currency disbursements, and ERP integrations.
- Dwolla: US-based API-driven payment disbursement platform focused on B2B/B2C payouts and ACH transfers. Directly comparable to Payflo's Digital Payment Disbursements module in target customers, developer-first delivery, and payout use cases.
- Modern Treasury: API-first payment operations platform for moving money via ACH, wires, and RTP with developer tooling. Comparable to Payflo's RESTful API approach to programmable payment infrastructure.
- Melio: B2B payments platform enabling SMBs to pay vendors via ACH, card, or check. Comparable to Payflo in serving small and mid-sized businesses with a mix of digital and physical payment options.
- Veem: Multi-rail B2B payment network supporting ACH, wires, and card disbursements with API integrations. Comparable to Payflo's digital payout rails and SMB/enterprise target market.
Broad incumbents
- Bill.com: Public, scaled AP/AR automation platform with deep accounting software integrations. Operates broadly in the same accounts payable and disbursement space Payflo serves, with a much larger customer base.
- Wise Business: Global cross-border payments platform for businesses with multi-currency disbursement. Comparable to Payflo's cross-border digital payment capability via KyckGlobal partnership.
- PayPal Mass Payments / Hyperwallet: PayPal's mass payouts and Hyperwallet products serve global disbursement to PayPal, Venmo, push-to-card, and bank rails — directly competing with Payflo/KyckGlobal's digital disbursement bundle.
- Crossbeam (by Checkstream) / Deluxe ePayments: Established payment and check disbursement providers serving enterprise AP needs with print-and-mail capabilities. Comparable to Payflo's Checkflo physical check fulfillment service.
- Stripe Connect / Stripe Treasury: Global payments incumbent offering developer APIs for payment acceptance and disbursements. Overlaps with Payflo's API-first payouts use case but addresses a much broader merchant base.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Payflo social profiles
Digital presencePayflo compliance and trust
Trust signalCompliance3 records
Payflo financial estimates
Financial estimateRevenue estimate
Valuation estimate
Payflo leadership team
Management profileNumber of profiles
Profiles2 records
Payflo subsidiaries and ownership
Company hierarchySubsidiaries1 record
Payflo funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Payflo 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 Payflo
What does Payflo do?
Payflo provides a cloud-based unified payment infrastructure that aggregates physical check fulfillment, digital payment disbursements across 10+ modes, cash payment acceptance through a 70,000-location retail network, and bank payment processing. The platform offers a single point of reconciliation with PCI and NACHA compliance, tokenization, AML/CFT/fraud protection, and RESTful APIs for developer integration. It serves SMEs and large enterprises that need to automate and consolidate fragmented B2B and B2C accounts payable and receivable workflows.
Is Payflo a public or private company?
Payflo is a private company. It is classified as unknown and is currently operating.
When was Payflo founded?
Payflo was founded in -1. It employs 11 to 50 people.
Where is Payflo based?
Payflo is headquartered in Pierrefonds, Canada, in the North America region.
How does Payflo make money?
Three revenue lines are on record. Pay-As-You-Go Transaction Fees are the primary driver. The others are check Payout / Mailing Service Fees and digital Payment Disbursement Service Fees.
Who are Payflo's main competitors?
Direct peers on record are Tipalti, Dwolla, Modern Treasury, Melio and Veem. Broad incumbents are Bill.com, Wise Business, PayPal Mass Payments / Hyperwallet, Crossbeam (by Checkstream) / Deluxe ePayments and Stripe Connect / Stripe Treasury.
Does Payflo have an API?
Yes. Payflo offers RESTful APIs that are simple to understand and integrate. Developers can choose between the simple-to-use API or manual upload features to automate check fulfillment, print and mail branded checks, and integrate digital payment disbursements into their systems.