Paynt, a leading European payment technology company, announced its acquisition of Canadian firm E-xact Transactions, marking a major milestone in the company’s strategic expansion across North America.
Paynt currently processes payments across the European Economic Area and the United Kingdom, with regional offices in the UK, Ireland, the Baltic States, and the United States. The acquisition of E-xact, which processes over CAD 3.5 billion annually across more than 50 million transactions, will add a new operational hub in Vancouver, Canada.
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To support this North American growth, Paynt has appointed payments industry veteran JohnPaul Golino to its board of directors. Golino will lead the integration of E-xact into Paynt’s platform and oversee regional go-to-market efforts.
“With a new established presence in Connecticut and Vancouver, we’re entering a new chapter in building Paynt’s North American footprint and reinforcing our global leadership in payment solutions,” said Sam Kohli, founder and Group CEO of Paynt.
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Founded over 25 years ago, E-xact Transactions delivers lightning-fast, secure payment processing with sub-one-second transaction times and supports leading e-commerce platforms such as Shopify, Magento, and WooCommerce.
“This acquisition not only expands our reach but enhances the solutions we bring to merchants and partners across Canada,” said JohnPaul Golino. “We thank MAPP Advisors for their guidance in connecting us with E-xact this is the beginning of a powerful new phase.”
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Paynt is also actively evaluating additional acquisition targets in the United States, with plans to finalize another deal by the end of 2025.
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Source: prnewswire
