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PayBright named Canada’s FinTech Company of the Year

 6 December 2019     HGO Staff 

TORONTO – Paybright was was named FinTech Company of the Year at the fifth annual Canadian FinTech & AI Awards, held here in late November. PayBright was selected from among 37 nominees for the award, which was presented by ICICI Bank.

Organized by the Digital Finance Institute, the Canadian FinTech & AI Awards recognize banks, credit unions, innovators, investors, advisory firms, technology companies, and thought leaders across Canada in financial services and related technology. International experts judged the awards this year from leading organizations that included Credit Suisse, the World Bank, Rolls-Royce, NASA, Lloyd’s Bank, Amazon, Standard Chartered Bank, Airbnb, Hulu, Google, Cineplex, and LG Electronics.

“The Digital Finance Institute’s Awards recognize Canadian innovation and innovators in financial services and AI in Canada and help promote Canada as a leading hub for technology innovation and research,” Ellis Odynn, executive director of the Digital Finance Institute said in a statement.

This year’s gala ceremony was attended by over 660 people in technology and financial services from across Canada.

“We were honoured to be chosen from among such a large and impressive group of nominated companies,” Wayne Pommen, Paybright president and chief executive commented. “This award is a reflection of the hard work of the PayBright team over the past few years. We are grateful to our customers and over 5,000 retailer partners who have trusted and supported us, and we thank the judges and the Digital Finance Institute for this recognition.”

The ICICI Bank FinTech Company of the Year Award is for an established fintech company in Canada that has been providing financial products or services for over four years and is actively engaged in innovation. Success is measured by several factors, including partnerships with banks, providing services directly to consumers, significant growth or adoption, and name recognition or marketplace leadership.

Based here, PayBright is a Canadian consumer payments platform focused on instant point-of-sale installment payment plans for both e-commerce and in-store transactions that have been valued to-date at $1.25 billion. It has partnered with several big-ticket retailers including Wayfair, Samsung, Casper, The Source, Endy and Sleep Country.

Related Story: PayBright raises $34M in equity funding from GoEasy
Related Story: PayBright to showcase instant POS financing at 2018 CFS


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