PayFacto Consolidates its Leadership Position with an Integrated Solution for Restaurants

January 6, 2022
Montreal, QC – PayFacto, a Canadian leader in integrated payment solutions and hospitality technology, proudly announces its acquisition of iShopFood Inc., a Quebec-based company specializing in online ordering software solutions for the restaurant industry.

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A Complete, Integrated Suite for Restaurant Owners

Building on the 2019 acquisition of Maitre’D and Veloce restaurant POS software systems, this transaction solidifies PayFacto’s leadership position in the restaurant and hospitality industry. It reflects the company’s dedication to providing innovative, affordable turnkey solutions that improve customer service and operational efficiency.

Restaurant and food service businesses can now access a comprehensive, integrated suite of services from a single provider. PayFacto’s ecosystem connects online, mobile and in-restaurant ordering systems with kitchen display systems and pay-at-table solutions, offering seamless functionality across all channels.

Addressing Industry Challenges and Meeting Market Demand

The rapid growth of online ordering and delivery services over the past two years has introduced significant challenges for restaurant owners. PayFacto aims to meet the rising demand for tools that are both efficient and user-friendly, helping businesses adapt to evolving consumer needs. This enhanced service offering also positions PayFacto to expand into new markets across Canada and the United States, further accelerating its growth trajectory.

Leadership Insights

Martin Leroux, President and CEO, PayFacto:
“With the acquisition of iShopFood Inc. and the complementary nature of the solutions offered by our companies, PayFacto now has a solid launch pad to power our growth in North America. We are especially proud to be acquiring a company built by young entrepreneurs and technology developers who will now share their expertise with our team.”

Maxime Harvey, Co-founder, iShopFood Inc.:
“We are very excited to be joining a fast-growing company and expanding development opportunities for our team. Integration of iShopFood Inc. into PayFacto creates an all-in-one solution to meet the ever-increasing needs of merchants and consumers.”

About PayFacto

Headquartered in Montréal, with operations in Canada, the United States, and the United Kingdom, PayFacto is a leader in payment and hospitality solutions. Its offerings include VelPAY, an all-in-one integrated payment and POS solution, along with the Maitre’D and Veloce software brands. Known for its expertise, agility, and execution, PayFacto empowers merchants of all sizes to take control of their electronic transactions. With a proprietary payment gateway and point-of-sale technology, PayFacto provides a unique suite of integrated solutions, supported locally through an extensive network of distributors and resellers. For more information, visit payfacto.com.

About iShopFood

Founded in 2015, iShopFood is an innovative ordering platform designed to empower the restaurant and hospitality industry. Its solutions include online ordering platforms, self-serve kiosks, digital menu boards, loyalty programs, and other tools to streamline operations and boost sales. Synchronized with existing technologies, iShopFood creates a seamless ecosystem for automating business processes. With a growing client base across Canada, the United States, and the United Kingdom, iShopFood continues to expand its market presence. For more information, visit ishopfood.com.

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