← State of Embedded Finance 2026

Payfacto

Can a Canadian hospitality-focused payment processor become the full financial OS — payments, POS software, and embedded capital — for restaurant operators across Canada, the US, and the UK?

HQMontreal, Quebec, Canada
IndustryVertical SaaS / Restaurants
The story

PayFacto evolved from its roots as an independent payment processor (CT Payment Inc.) into a vertically integrated payments and software company focused on the Canadian restaurant and hospitality sector. By acquiring Maitre'D and Veloce POS platforms, it embedded payments directly into point-of-sale workflows rather than remaining a generic ISO. In 2026, the company moved further up the value chain by launching Maitre'D Capital Cash Advance with Liberis, adding revenue-based embedded lending on top of its payment data — signalling a deliberate shift toward becoming the financial OS for Canadian hospitality operators.

Last 12 months
2026-05
2026-03
Product timeline
2012
Leadership predecessor CT Payment Inc. restructured under current CEO to become the largest independent payment processor in Canada with US/APAC presence.· pivot
2017
PayFacto Group Inc. formed; expanded payment processing beyond CT Payment's footprint, acquiring Maitre'D POS software for hospitality vertical.· acquisition
2023
PayFacto published updated Merchant Service Agreement formalizing Peoples Trust Company as credit acquirer and PayFacto Payments Inc. as ISO and Interac debit processor.· banking
2024
Launched Developer Center (developer.payfacto.com) with open APIs for embedded payment integration targeting ISVs.· pivot
2026
Launched Maitre'D Capital Cash Advance in partnership with Liberis, bringing revenue-based embedded funding to Canadian restaurant operators via the Maitre'D platform.· lending
Regulated entities
Payment Processor / ISO
Canada
PayFacto Payments Inc.
The stack
Payments / PSP
PayFacto Payments Inc. (self-operated)Peoples Trust Company (credit acquiring)
Lending
LiberisMaitre'D Capital Cash Advance
Sponsor bank
Peoples Trust Company
Accounting
QuickBooks
Accounting gap: minor