Moneris Solutions

Moneris Solutions

Canadian fintech processing payments for commerce

Overview

Moneris Solutions processes payments for businesses of every size, providing a complete set of commerce solutions with local support. Its products handle in-person and online transactions through payment gateways, point-of-sale systems, card readers, and digital wallets. Merchants enroll, integrate, and accept payments, with funds settled to their bank accounts after authorization and routing through secure networks. Moneris differentiates itself by its long-standing presence in Canada, covering micro-merchants to large enterprises, and offering hands-on local knowledge and support to help businesses grow both online and in-store. The company’s goal is to help Canadians start or expand their ventures by enabling easy, reliable payment acceptance and customer connections across communities and beyond.

About Moneris Solutions

Simplify's Rating
Why Moneris Solutions is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Fintech

Financial Services

Company Size

1,001-5,000

Company Stage

Acquired

Total Funding

$425M

Headquarters

Toronto, Canada

Founded

2000

People at Moneris Solutions

People at Moneris Solutions who can refer or advise you

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Simplify's Take

What believers are saying

  • Agentic commerce will drive 15-25% of US e-commerce by 2030, making Moneris' MCP server a critical early-mover asset for Canadian businesses.
  • Real-time payments are scaling globally in 2026, reinforcing value of Moneris' expanded Konek enablement for fast, direct bank-to-account payments.
  • Payment orchestration is essential for merchants unifying fragmented methods, supporting Moneris' strategy to offer flexible, multi-channel checkout via Go and API.

What critics are saying

  • Francisco Partners acquisition by RBC/BMO may trigger operational instability, partner re-evaluation, and loss of bank-backed trust critical to 325,000 merchants.
  • Stripe and Adyen are embedding omnichannel POS and data analytics in Canada, undercutting Moneris' domestic-only software capabilities and merchant retention.
  • NMI's PFaaS platform enables ISVs/ISOs to bypass Moneris as gateway, eroding channel revenue and reducing control over integrated commerce offerings.

What makes Moneris Solutions unique

  • Moneris is Canada's only major provider with an in-house national Field Services team for coast-to-coast support and on-site installation.
  • Moneris is one of the first domestically built Canadian platforms for AI-driven payments via its Model Context Protocol server launch.
  • Moneris pioneered Konek in Canada and now offers flexible, no-code enablement across Checkout and API for secure pay-by-bank experiences.

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Funding

Total Funding

$425M

Above

Industry Average

Funded Over

1 Rounds

Acquisition funding comparison data is currently unavailable. We're working to provide this information soon!
Acquisition Funding Comparison
Coming Soon

Benefits

Health Savings Account/Flexible Spending Account

Hybrid Work Options

Wellness Program

Professional Development Budget

Company News

Canadian Pizza Magazine
Oct 28th, 2025
Moneris launches restaurant POS and extends partnership with TouchBistro

Moneris launches restaurant POS and extends partnership with TouchBistro. Canadian commerce solutions provider Moneris has launched Moneris Go Restaurant point-of-sale system designed for small and independent quick-service restaurants. Moneris also announced an expanded strategic partnership with TouchBistro, a provider of restaurant management solutions, to introduce full integration with Moneris Go payment devices and new functionality for restaurateurs. Moneris Go Restaurant streamlines front- and back-of-house operations, delivers insights from payment data in order to help restaurateurs drive growth. TouchBistro's platform integrates Moneris payment technology with tools for operations and guest engagement. Moneris said in a news release the platform is ideal for businesses expanding beyond quick-service. "Moneris Go Restaurant is purpose-built for small, single-location restaurants - offering reliability, security and affordability in one streamlined package," said Gad Elharrar, vice-president of small-to-medium business product at Moneris. "Our expanded partnership with TouchBistro allows us to support full-service restaurants and those scaling up, forming a powerful alliance between two Canadian leaders to serve the full spectrum of food-service businesses." The Moneris Go Restaurant app runs on all Moneris Go devices. For more information, visit moneris.com/gorestaurant.

Yahoo Finance
Oct 6th, 2025
Moneris launches new Go Restaurant point-of-sale solution and extends partnership with TouchBistro for full restaurant solution delivery

Moneris launches new Go Restaurant point-of-sale solution and extends partnership with TouchBistro for full restaurant solution delivery. A new all-in-one POS solution streamlines operations for small restaurants, while a deeper TouchBistro partnership brings full-service restaurant management capabilities to expanding operators. TORONTO, Oct. 6, 2025 /CNW/ - Moneris Solutions Corporation ("Moneris"), a leading Canadian commerce solutions provider, has launched Moneris Go Restaurant, an all-in-one, cost-effective point-of-sale (POS) solution designed for small and independent quick-service restaurants. Moneris also announced an expanded strategic partnership with TouchBistro, a leading provider of restaurant management solutions, to introduce full integration with Moneris Go payment devices and new functionality for restaurateurs. Moneris Go Restaurant streamlines front- and back-of-house operations, delivers actionable insights from payment data and empowers restaurateurs to optimize performance and drive growth. For restaurants seeking more advanced capabilities, TouchBistro's platform integrates Moneris payment technology with a robust suite of tools for operations and guest engagement - ideal for businesses expanding beyond quick-service. "Moneris Go Restaurant is purpose-built for small, single-location restaurants - offering reliability, security and affordability in one streamlined package," said Gad Elharrar, VP, Small-to-Medium Business Product at Moneris. "Our expanded partnership with TouchBistro allows us to support full-service restaurants and those scaling up, forming a powerful alliance between two Canadian leaders to serve the full spectrum of foodservice businesses." Moneris Go Restaurant Tailored for cafés, bakeries, dessert shops and counter-service restaurants, Moneris Go Restaurant offers a powerful yet affordable business management solution. Features include an integrated Kitchen Display System (KDS), unified reporting and a user-friendly POS that ensures order accuracy and timely service. "Moneris Go Restaurant has simplified our daily operations. Custom tax rules and colour-coded buttons make it easy for staff to ring in items confidently," said Erin Nocent, Owner of The Sweetest Thing, Oakville, ON. "The system is intuitive - no extra steps or workarounds. I especially love checking sales from my phone to make quick, informed decisions. It's clearly built with small businesses in mind." The Moneris Go Restaurant app runs on all Moneris Go devices, with pricing starting at $30/month, and the KDS add-on is available for $9/month. For more information, visit moneris.com/gorestaurant.

Yahoo Finance
Sep 9th, 2025
Moneris empowers Canadian retailers with enhanced Moneris Go Retail and Tap-to-Pay solutions

TORONTO, Sept. 9, 2025 /CNW/ - Moneris Solutions Corporation ("Moneris"), a leading Canadian commerce solutions provider, announced new enhancements to its Moneris Go Retail solution - an affordable, adaptive and user-friendly point-of-sale (POS) designed for the needs of diverse retailers across Canada.

FF News
Mar 11th, 2025
Cardstream® Partners With Moneris To Enable Their Payment Facilitation Services In Canada

Cardstream® Group, UK’s largest independent payment technology provider, and Moneris Solutions Corporation (“Moneris”), a leading Canadian commerce solutions provider, have announced that Moneris will leverage Cardstream’s Payment Facilitation-as-a-Service (“PFaaS”) platform to enable its partners to extend their presence and integrated offerings in the Canadian market.Through the agreement, Moneris will offer a comprehensive platform to its Independent Software Vendor (ISV) and Independent Sales Organisation (ISO) partners, supporting their expansion opportunities within the dynamic Canadian market.Adam Sharpe, CEO of the Cardstream Group, said “We’ve built a group portfolio of over 150 channel partners who use and distribute our white label FinTech as their own. Our PayFac-as-a-Service platform is the quickest and most versatile way for companies to enter this rapidly growing billion-dollar global marketplace. We are delighted to have been chosen by Moneris as its technology provider.”“Moneris is pleased to work together with Cardstream, leveraging its leading-edge platform to support our payment facilitation services,” said Patrick Diab, Chief Product Officer at Moneris. “These services will enable ISV and ISO partners to enter the Canadian market or expand their commerce solutions, beginning in the second quarter of 2025.”

FF News
Mar 11th, 2025
Cardstream(R) Partners With Moneris To Enable Their Payment Facilitation Services In Canada

Cardstream® Group, UK’s largest independent payment technology provider, and Moneris Solutions Corporation (“Moneris”), a leading Canadian commerce solutions provider, have announced that Moneris will leverage Cardstream’s Payment Facilitation-as-a-Service (“PFaaS”) platform to enable its partners to extend their presence and integrated offerings in the Canadian market.Through the agreement, Moneris will offer a comprehensive platform to its Independent Software Vendor (ISV) and Independent Sales Organisation (ISO) partners, supporting their expansion opportunities within the dynamic Canadian market.Adam Sharpe, CEO of the Cardstream Group, said “We’ve built a group portfolio of over 150 channel partners who use and distribute our white label FinTech as their own. Our PayFac-as-a-Service platform is the quickest and most versatile way for companies to enter this rapidly growing billion-dollar global marketplace. We are delighted to have been chosen by Moneris as its technology provider.”“Moneris is pleased to work together with Cardstream, leveraging its leading-edge platform to support our payment facilitation services,” said Patrick Diab, Chief Product Officer at Moneris. “These services will enable ISV and ISO partners to enter the Canadian market or expand their commerce solutions, beginning in the second quarter of 2025.”

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