About Merrco
Merrco is a company based in Toronto (Canada) founded in 2016. Merrco has raised $11.25 million across 2 funding rounds. Merrco has completed 1 acquisition, including Payfirma. Merrco offers products and services including PayHQ Platform, In-Person Payments, Ecommerce Payments, and Merchant Financing. Merrco operates in a competitive market with competitors including iCannaPay and CannaTrac Financial, among others.
- Headquarter Toronto, Canada
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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Annual Revenue
Not available
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Net Profit
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EBITDA
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Total Equity Funding
$11.25 M (USD)
in 2 rounds
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Latest Funding Round
$1.25 M (USD), Series A
May 27, 2024
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Investors
Not available
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Employee Count
Not available
- Investments & Acquisitions
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Products & Services of Merrco
Merrco offers a comprehensive portfolio of products and services, including PayHQ Platform, In-Person Payments, Ecommerce Payments, and Merchant Financing.
Unified platform for managing various payment methods securely.
Secure terminal-based transactions for retail environments.
Secure online transaction processing for businesses.
Quick financing options for cannabis-related businesses.
Funding Insights of Merrco
Merrco has successfully raised a total of $11.25M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $1.25 million completed in May 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investments & Acquisitions by Merrco
Merrco has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Payfirma.
Investment portfolio details for Merrco
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Payment processing solutions are provided for businesses and merchants.
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Locked | Locked | 2011 | Locked |
Complete acquisition details for Merrco
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Financial Statements - Merrco
Detailed financials for Merrco
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Merrco Comparisons
Peer comparison for Merrco
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Competitors of Merrco
Merrco 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 iCannaPay and CannaTrac Financial, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provides payment processing solutions tailored to the cannabis industry.
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Acquires tech companies to connect traditional and cannabis industries through payments and compliance.
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Detailed competitors of Merrco
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Latest news on Merrco
Complete news archive for Merrco
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Frequently Asked Questions about Merrco
Merrco was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Merrco is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Fern Glowinsky is the current CEO of Merrco.
Merrco is a funded company, having raised a total of $11.25M across 2 funding rounds to date.
Merrco was established in 2016 in Toronto, Canada, where payment processing services are managed for commercial clients. Operations center on transaction facilitation within the financial technology sector, including secure payment gateways and integration support. The company is led by CEO Fern Glowinsky, with activities extending to various industries requiring efficient payment solutions. Geographic focus remains primarily in North America, supporting digital commerce needs.
Merrco's top competitors include iCannaPay and CannaTrac Financial.
Merrco offers PayHQ Platform, In-Person Payments, Ecommerce Payments, and Merchant Financing.
Merrco has made 1 acquisition, including Payfirma.