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Paramount Commerce logo

Paramount Commerce

Paramount Commerce is a Toronto payments company that moves money straight from a customer's bank account — Interac e-Transfer and EFT rather than cards. Founded in 2003, it launched INSTADEBIT in its first year and says it has processed more than $100 billion in volume since.

FintechTorontoFounded 2003paramountcommerce.com
$100B+cumulative payment volume processed, per the company's own account of its historyParamount Commerce
$50M/monthINSTADEBIT volume in the company's first year of operation, as it tells the storyParamount Commerce

The people

What they build

Pay by BankInterac e-Transfer and EFT payments and payouts through one merchant integrationProduct page ↗
INSTADEBITIts original consumer product for paying online directly from a bank account, launched 2003Product page ↗

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Working at Paramount Commerce

Browse open roles across the community on the TechTO Job Board — Canada’s most connected tech network. Paramount Commerce’s roles show up here whenever they post.

Open roles on the TechTO Job Board ↗Or their own careers page: paramountcommerce.com/careers ↗

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About

Paramount Commerce built a pay-by-bank business two decades before the category had that name. Its first product, INSTADEBIT, let Canadians pay online directly from a chequing account without a card or an e-wallet, and the company says it was clearing more than $50 million a month within its first year and had crossed a billion dollars in cumulative transactions by 2006. The modern business wraps Interac e-Transfer and EFT into a single real-time payments API for merchants that need bank-rail settlement — high-value, high-risk-scrutiny sectors such as regulated iGaming, financial services and marketplaces, where card acceptance is expensive or restricted. The company states it has processed over $100 billion in volume across more than twenty years. Sam Kawtharani is its VP of product.

Backers

No venture rounds are reported; the company has operated privately since 2003 and does not publish investors.

Some figures are founder-stated, not independently confirmed

Quick answers

What does Paramount Commerce do?

It processes payments that settle over bank rails rather than card networks — Interac e-Transfer and EFT — for merchants that need direct-from-account payments and payouts in Canada.

How old is Paramount Commerce?

It was founded in 2003 and launched its first product, INSTADEBIT, that same year.

How much volume has it processed?

The company says more than $100 billion over twenty-plus years. That is its own figure, not an audited one.

Who from Paramount Commerce is in this directory?

Sam Kawtharani, its VP of product, who spoke at TechTO's FintechTO in February 2018 while at Corl, the revenue-share startup financing company he co-founded.

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Maintained by TechTO · facts sourced and dated · last reviewed Aug 27, 2026