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Vopay

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“Can a single API-first payments infrastructure platform become the white-label financial operating layer for software companies across North America?”

Founded2014
HQVancouver, British Columbia, Canada
FoundersHamed Arbabi
Latest roundSeed
IndustryInfrastructure / Payments
The story

Founded in 2014 as a direct-bank-payment innovator for Canadian businesses, VoPay initially focused on EFT/ACH digitization. It progressively evolved into a full Fintech-as-a-Service and Payments-as-a-Service infrastructure vendor, targeting ISVs, marketplaces, and enterprises that want to embed payments without building their own rails. Its embedded-finance angle sharpened post-2022 with the addition of virtual accounts, ledger management, compliance-as-a-service, and cross-border FX — positioning VoPay as a white-label payments and financial infrastructure layer for software platforms across Canada and the US.

Last 12 months
2025-05
2025-05
2026-02
Product timeline
2014
VoPay International Inc. founded in Vancouver, BC, as a payment innovation platform focused on digitizing direct bank payments.· pivot
2020
VoPay's payment technology powers MICC Financial's rotational savings platform, one of first publicized B2B embedded-payments partnerships.· banking
2022
Launched iQ11 proprietary bank account tokenization and intelligent ACH/EFT processing layer.· banking
2023
Launched Fintech-as-a-Service suite and Platform-as-a-Service offering with multi-tenant virtual accounts, ledger management, and white-label onboarding.· banking
2024
Expanded cross-border payments via Currencycloud partnership and added VoPay Instant™, Interac e-Transfer, RTP®, and FedNow® to the payment rail lineup.· banking
2025
Launched VoPay360™ accounting software integration for automated AR/AP reconciliation; added advanced reporting and FINTRAC audit-readiness tools.· banking
Regulated entities
1
regulatory licence held by Vopay
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
8 layers disclosed in Vopay’s embedded-finance stack
Payments / PSP
VoPay Instant™ (self-operated)EFT (self-operated)ACH (self-operated)Interac e-Transfer (self-operated)RTP® (self-operated)FedNow® (self-operated)Push To Card (self-operated)eChecks (self-operated)
Money movement
in the full report
Banking / BaaS
in the full report
Lending
in the full report
Open banking
in the full report
Unified APIs
in the full report
FX & payouts
in the full report
Accounting
in the full report
Accounting gap: minor
11 more providers across 7 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.