Portfolio Exits
1Partners & Customers
10About Interac
Interac Association is responsible for the development and operations of the Interac network, a national payment network that allows Canadians to access money through Interac Cash at automated banking machines and Interac Debit at point-of-sale terminals across Canada. Interac Flash, a secure contactless enhancement of Interac Debit allows Canadians to pay for items instantly with their Interac chip debit card at a reader that supports Interac Flash.
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Latest Interac News
Mar 16, 2023
Payment service provider Clik2pay is announcing a new integration with global small business platform, Xero, “offering the ability for Canadian small businesses to pay their Xero invoices securely from almost any Canadian bank account using Interac e-Transfer™, one of the most trusted money transfer systems... Read More
Interac Portfolio Exits
1 Portfolio Exit
Interac has 1 portfolio exit. Their latest portfolio exit was SecureKey Technologies on March 24, 2022.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
3/24/2022 | Acquired - II | 5 |
Date | 3/24/2022 |
|---|---|
Exit | Acquired - II |
Companies | |
Valuation | |
Acquirer | |
Sources | 5 |
Interac Acquisitions
4 Acquisitions
Interac acquired 4 companies. Their latest acquisition was SecureKey Technologies on October 01, 2021.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
10/1/2021 | Grant | $73.67M | Acquired | 1 | ||
11/5/2019 | Grant | |||||
2/12/2018 | ||||||
10/1/2005 |
Date | 10/1/2021 | 11/5/2019 | 2/12/2018 | 10/1/2005 |
|---|---|---|---|---|
Investment Stage | Grant | Grant | ||
Companies | ||||
Valuation | ||||
Total Funding | $73.67M | |||
Note | Acquired | |||
Sources | 1 |
Interac Partners & Customers
10 Partners and customers
Interac has 10 strategic partners and customers. Interac recently partnered with Elevate on October 10, 2022.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
10/3/2022 | Partner | Elevate | Canada | The partnership will kick off at Elevate Festival with the NFT Art Gallery . | 1 |
5/17/2022 | Partner | Sweden | Interac and Metro bring free drive-in movie nights back to Ontario - Interac This year , Metro and Interac Corp. are seeking to deepen their relationship with local communities by inviting diverse musicians to perform on-site and will be matching community charitable donations up to $ 150,000 . | 1 | |
12/8/2021 | Partner | United States | 4 | ||
11/29/2021 | Vendor | ||||
11/24/2021 | Licensee |
Date | 10/3/2022 | 5/17/2022 | 12/8/2021 | 11/29/2021 | 11/24/2021 |
|---|---|---|---|---|---|
Type | Partner | Partner | Partner | Vendor | Licensee |
Business Partner | Elevate | ||||
Country | Canada | Sweden | United States | ||
News Snippet | The partnership will kick off at Elevate Festival with the NFT Art Gallery . | Interac and Metro bring free drive-in movie nights back to Ontario - Interac This year , Metro and Interac Corp. are seeking to deepen their relationship with local communities by inviting diverse musicians to perform on-site and will be matching community charitable donations up to $ 150,000 . | |||
Sources | 1 | 1 | 4 |
Interac Team
4 Team Members
Interac has 4 team members, including current Chief Executive Officer, President, Mark O Connell.
Name | Work History | Title | Status |
|---|---|---|---|
Mark O Connell | Chief Executive Officer, President | Current | |
Name | Mark O Connell | |||
|---|---|---|---|---|
Work History | ||||
Title | Chief Executive Officer, President | |||
Status | Current |
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