The future is bright for Payfirma

Canadian payment software start-up Payfirma has announced the capture of $13m in a Series A funding round, as it now considers to launch an IPO next year.

Payfirma released a statement on its website to confirm the funding success. The funding round was led by Dundee Capital Markets. Payfirma have now raised a total of $26m.

‘‘Our goal has always been to make payments simpler and to help businesses increase their sales,’’ stated Michael Gokturk, CEO of Payfirma.

‘‘Our customers have repeatedly told us that having all of their payment information in one interface makes it easy for their business to grow. Not having to manually consolidate information from all of their payment channels saves time and provides data that makes business decisions easier. We are excited about entering the Company’s next growth phase,’’ continued Gokturk.

Gokturk has already publically discussed what the future holds for the company.

In an interview with Reuters, Gokturk let slip that the company is ‘‘already thinking about the second round of funding. What that really means is that we are contemplating a liquidity event,’’ which means that an IPO is surely on the horizon.

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