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Working at Merrco
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On the TechTO stage
Fern Glowinsky of Merrco presents Cannabis meets Financial Services
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About
Merrco processes card payments for a sector most acquirers will not touch, wrapping compliance checks around e-commerce and point-of-sale transactions so cannabis purchases meet legal requirements. It acquired Vancouver's Payfirma in 2018 to form Merrco Payfirma, under president and CEO Fern Glowinsky, and expanded to US CBD and cannabis-ancillary merchants in April 2021. In July 2024 the parent company rebranded as KORT Payments after a strategic investment by the founding group behind Optimal Payments and Paysafe, led by Joel Leonoff; Merrco was retained as the cannabis-payments brand.
Backers
The founding group behind Optimal Payments and Paysafe, led by Joel Leonoff, made a strategic investment and took over management in 2024
Quick answers
What does Merrco do?
It provides compliance-first payment processing - e-commerce and point of sale - for cannabis merchants in Canada and the US.
Who runs Merrco?
Fern Glowinsky was president and CEO from 2018 to 2023. The business now trades as Merrco by KORT Payments, led by co-CEOs Kiki Plytas and Nicholas Georgakakis.
What happened to Payfirma?
Merrco acquired it in 2018, forming Merrco Payfirma. Payfirma had been founded in 2010.