18 Oct 2017 Bambora is the Newest FinTech Player to Shake up Toronto
Leading global payment processor expands North American footprint by entering Toronto’s FinTech hotbed.
Victoria, BC, Canada – October 18, 2017 – Bambora, a leading provider of multi-channel payment solutions, announced today that it has launched a new office in Toronto, Canada. The expansion will strengthen Bambora’s presence in North America’s innovation hub and place the Company on a faster trajectory for growth.
“We’re stepping into Toronto at a pivotal moment where technology innovation and customer experience are converging towards a tipping point in an industry that is ripe for disruption,” says Ryan Stewart, chief commercial officer, North America, Bambora. “Leveraging extensive partnerships with card brands, acquiring banks, and the FinTech community, Bambora is bridging the gap between all players in the ecosystem.”
Ranked as the 3rd biggest tech hub in the world, Toronto has seen more growth than that of Silicon Valley. Bambora aims to seize the opportunity by providing small to medium-sized businesses and integrated software vendors (ISVs) with innovative ways to run their businesses. This includes end-to-end payment solutions that will give them a competitive edge in the increasingly digital marketplace.
“The decision to take root in Toronto was a logical next step for us as we already have a high market share in the area,” says Kevin Weatherston, chief operating officer, North America, Bambora. “The new office will allow us to be more accessible to our customers from coast to coast. We look forward to continuing our success in this thriving tech landscape.”
In July 2017, Ingenico Group has announced the acquisition of Bambora. With this strategic move, Bambora is set to extend more payment options, including online, in-app, and in-store, to SMEs to access all consumer touchpoints. The closing is expected to occur by the end of 2017.