About Interac
Interac is a company based in Toronto (Canada) founded in 1984.. Interac has completed 1 acquisition, including 2Keys. Interac offers products and services including Interac Debit, Interac e-Transfer, and Interac Direct. Interac operates in a competitive market with competitors including Visa, Mastercard, Ficanex and Olive, among others.
- Headquarter Toronto, Canada
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Sectors
Financial Services
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Interac
Interac offers a comprehensive portfolio of products and services, including Interac Debit, Interac e-Transfer, and Interac Direct. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables secure debit transactions for everyday purchases.
Facilitates fast and secure online money sending and receiving.
Allows card-free payments directly from bank accounts.
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Product Management Team
58 people
Software Development Team
48 people
Data Analysis and Operations Team
24 people
Legal and Compliance
21 people
Leadership Team
15 people
Sales and Marketing
10 people
Human Resources and Administration
9 people
Senior Team
9 people
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Funding Insights of Interac
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Interac
Interac has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include 2Keys. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Provider of security analytics platform
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1998 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Interac
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Interac Comparisons
Competitors of Interac
Interac operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Visa, Mastercard, Ficanex and Olive, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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Digital payment solutions are offered to individuals and businesses.
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Global payments are processed via card network connections.
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Network of ATMs
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Technology evaluation is facilitated via a web-based platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Interac
Frequently Asked Questions about Interac
When was Interac founded?
Interac was founded in 1984.
Where is Interac located?
Interac is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
What does Interac do?
Interac is a Canadian National card network service provider. It is responsible for the development and operations of the Interac network, a national payment network that allows Canadians to access their money at ABMs through the Interac Cash service and at point-of-sale terminals across Canada through the Interac Debit service. Interac Debit also includes Interac Flash, a secure contactless enhancement that allows Canadians to pay for items instantly by holding their cards at point-of-sale readers that support Interac Flash. It also offers a secure money transfer service between accounts in the financial institutions in the network, a hosted payment gateway page to merchants which enable direct debit from the Interac partnered financial institutions. Enables secure transactions through Tokenization.
Who are the top competitors of Interac?
Interac's top competitors include Visa, Mastercard and Olive.
What products or services does Interac offer?
Interac offers Interac Debit, Interac e-Transfer, and Interac Direct.
How many acquisitions has Interac made?
Interac has made 1 acquisition, including 2Keys.
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