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Interac acquires exclusive Canadian rights to use Toronto-based Vouchr platform

On April 16, 2024, Interac Corp. announced that it had acquired the exclusive Canadian rights to use the engagement platform developed by Toronto-based Vouchr Ltd. This platform enables users to send and receive personalized multimedia notifications alongside money transfers. Interac plans to integrate this technology into its e-Transfer service, allowing Canadians to enhance their transactions with features like eCards, videos, and GIFs. The acquisition also includes the onboarding of key Vouchr employees to facilitate the integration. Financial terms of the deal were not disclosed.

Company

Interac Corp.

Law Firm / Organization
Goodmans LLP

Company

Vouchr Ltd.

Law Firm / Organization
Dentons Canada LLP
Merger & Acquisition
Tech/Computer/IT
Undisclosed/Confidential
Closed
16 April 2024