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Buckzy Payments

Buckzy Payments is a Toronto fintech founded in 2018 by Abdul Naushad. It runs real-time cross-border payments and banking-as-a-service infrastructure, moving money between bank accounts and wallets in near real time around the clock for remittances, bill payments and business transfers.

FintechTorontoFounded 2018buckzy.net
$19.5M CADSeries A, reported by BetaKit as a downsized roundBetaKit
$1.3Trevenue generated from global money movement in 2017, per McKinsey, cited on stageTechTO FintechTO stage 2019-05

The people

AN
Abdul NaushadFounder, President & CEOprofile coming

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Working at Buckzy Payments

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On the TechTO stage

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About

Abdul Naushad founded Buckzy Payments in Toronto in 2018, after more than a decade running another cross-border payments company, on the argument that international payments needed to work the way domestic real-time rails already did: instant, 24 hours a day, every day of the year. Buckzy sells that as infrastructure — banks, fintechs and money transfer operators plug into its network rather than building their own correspondent relationships — and layers banking-as-a-service on top. Michele Poole presented the market at FintechTO in May 2019 with McKinsey's figures: $1.3 trillion of revenue generated from moving money globally in 2017, projected to reach $2.2 trillion by 2026, with 90% of it earned by financial institutions. Her point was that the underlying mechanics had barely changed in forty years, and not because nobody had noticed. The company later raised a $19.5 million CAD Series A.

Backers

Raised a $19.5 million CAD Series A reported by BetaKit. The investors in that round were not confirmed here.

Some figures are founder-stated, not independently confirmed

Quick answers

What does Buckzy Payments do?

It provides real-time cross-border payment rails and banking-as-a-service. Banks, fintechs and money transfer companies use its network to move money between accounts and wallets internationally in near real time, around the clock.

Who founded Buckzy?

Abdul Naushad, in Toronto in 2018, after more than ten years as CEO and co-founder of another cross-border payments technology company.

How much has Buckzy raised?

A $19.5 million CAD Series A, which BetaKit reported as smaller than originally sought.

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Maintained by TechTO · facts sourced and dated · last reviewed Aug 4, 2026