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Paystone raises $69M (Canada)

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Payments and integrated software company Paystone has closed $69 million in financing from Canadian Business Growth Fund (CBGF) and National Bank of Canada, the company said in a statement.

The funds will be used to fuel growth in customer engagement services and electronic payment processing solutions, says Paystone.

Miller Thomson acted as Paystone’s legal counsel, PricewaterhouseCoopers conducted the due diligence and tax advisory for the transaction, KPMG acted as the auditors to Paystone and Alchemy Capital acted as Paystone’s financial advisor.

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