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VoPay

Provider
Embedded PaymentsFX / PayoutsUnified FX

Embedded-finance provider tracked in the Embedded Finance Index — disclosed by 8 companies across 3 categories.

vopay.com ↗Also analysed as a company — its own stack →Open Banking Tracker profile ↗
CategoriesEmbedded Payments, FX / Payouts, Unified FX
Rank#8 of 15 in Embedded Payments
Buyers8 companies
HeadquartersVancouver, British Columbia, Canada
Founded2014
FoundersHamed Arbabi

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Founders & story · from VoPay’s own dossier

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.

Latest round: Seed
Recent developments
  • 2025-05Published blog series on loan management software trends, signaling deepened go-to-market focus on lending platforms as a vertical. source ↗
  • 2025-05Launched redesigned Advanced Reporting feature in VoPay Portal with FINTRAC audit-readiness and multi-rail transaction reporting. source ↗
  • 2026-02Published infrastructure guide on embedded insurance payments in Canada, indicating insurance vertical expansion. source ↗
Full dossier: VoPay’s own stack, layer by layer →
Who uses VoPay
8 companies disclose VoPay in their stack
Turnkey LenderPlexflow Property ManagementSparrow Property ManagementPlexflowWagepay PayrollTxbGivewise Donor ManagementParvis Invest
Buyer mix · 8 of 8 classified
Fintech / Cross-border payments · 1Fintech / Investment · 1Fintech / Lending · 1Fintech / SMB banking · 1Infrastructure / Lending · 1Marketplace / Two-sided · 1Vertical SaaS / Nonprofit & Philanthropy · 1Vertical SaaS / Real Estate · 1
Canada · 5APAC · 2
What the disclosures say
Turnkey Lender
“IBS Intelligence article publicly names VoPay and TurnKey Lender as partners for loan automation and digital payments: https://ibsintelligence.com/ibsi-news/vopay-and-turnkey-lender-partner-to-power-loan-automation-and-digital-payments/”
View source · ibsintelligence.com ↗
Plexflow Property Management
“VoPay case study explicitly names Plexflow as a customer using VoPay's eLinx product for embedded rent collection, integrated in 8 weeks, resulting in 20% platform growth.”
Sparrow Property Management
“Source: https://vopay.com/case-studies/sparrow-property-management/”
View source · vopay.com ↗
Plexflow
“IBS Intelligence press release lists VoPay and Plexflow as partners for Canadian payments (TIER 1 known customer listing).”
Wagepay Payroll
“VoPay publicly lists Wagepay as a customer on its case studies page (vopay.com/case-studies).”
Txb
“IBS Intelligence reports that VoPay launched a TXB solution for banks and credit unions — https://ibsintelligence.com/ibsi-news/vopay-launches-txb-solution-for-banks-and-credit-unions/”
View source · ibsintelligence.com ↗
The complete buyer list and each company’s full embedded-finance stack are in the Embedded Finance Index report. Represent VoPay? Claim this profile above to unlock your own full list.
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What VoPay runs on · from its own dossier
The third-party providers VoPay itself discloses, layer by layer — the vendor as a buyer. Distinct from the companies above that disclose VoPay.
BaaS
Cross River
FX / Payouts
Currencycloud
Open Banking
Plaid
FX API
Currencycloud
Full dossier with evidence for each layer →
Alternatives to VoPay

Other Embedded Payments providers in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.

Stripe Connect134 buyers →Mangopay27 buyers →Worldpay for Platforms21 buyers →Rainforest Pay15 buyers →Adyen for Platforms9 buyers →Forward9 buyers →Finix8 buyers →Modulr6 buyers →
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Ranked #8 of 15 in Embedded Payments — Embedded Finance Index 2026
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<a href="https://www.embeddedfinanceindex.com/vendors/vopay?ref=badge">
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       alt="Ranked #8 of 15 in Embedded Payments — Embedded Finance Index 2026">
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<img src="https://www.embeddedfinanceindex.com/api/badge/vopay/install" width="1" height="1" alt="" style="display:none">

VoPay — frequently asked

Which companies use VoPay?

8 companies disclose VoPay in their stack in the Embedded Finance Index 2026, including Turnkey Lender, Plexflow Property Management, Sparrow Property Management, Plexflow, Wagepay Payroll, Txb, Givewise Donor Management and Parvis Invest.

What does VoPay do?

VoPay is an embedded-finance provider in Embedded Payments, FX / Payouts and Unified FX. It ranks #8 of 15 Embedded Payments providers by disclosed buyers.

What are the alternatives to VoPay?

The most-disclosed Embedded Payments alternatives to VoPay are Stripe Connect (134 buyers), Mangopay (27 buyers), Worldpay for Platforms (21 buyers), Rainforest Pay (15 buyers), Adyen for Platforms (9 buyers) and Forward (9 buyers).

Who founded VoPay?

VoPay was founded by Hamed Arbabi and is founded in 2014, headquartered in Vancouver, British Columbia, Canada.

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