On the TechTO stage ×1
First seen on the TechTO stage in 2018. Every talk is searchable — ask the archive about David ↗
In their words
so he created it the first credit card in the mid 1950s called diners club and ever since then folks we've had the same relatively the same piece of plastic in our pockets
I think the one of the jokes with innovative banking is that that's an oxymoron like jumbo shrimp
credit has evolved to the point where we don't need to charge everybody the same flat rate of nineteen nine or twenty nine nine
Around the web ×2
Quick answers
Who is David Fry?
Founder and CEO of Paays, a Toronto fintech (paays.com/company, read 2026-10-22). He spent about 21 years in capital markets, TD Securities and ABN Amro in London and New York, then Head of Global Markets at Deutsche Bank Canada from 2007 to 2010, and co-founded the Toronto credit hedge fund Lawrence Park Capital Partners in 2011, per his McGill Desautels bio.
What does Paays do?
Today it verifies car buyers for dealerships and lenders, identity, income and anti-money-laundering checks on one platform used by 600+ dealerships (paays.com, 2026). It launched its ID Verifier in October 2022, citing auto-financing fraud of about $1 billion a year in Canada (Canadian Auto Dealer, 2022-10-06). When Fry took the TechTO stage in May 2018 the company was an instalment-financing platform for consumers, merchants and lenders.
Has David Fry spoken at TechTO?
Yes. He sat on the TravelTechTO panel 'Travel Payments: Exploring a cashless world' on May 7, 2018 (video published 2018-05-22) as co-founder and CEO of Paays, alongside Erica Pearson of VacationFund, Mark Bluvshtein of Wave Financial and Lyon Lay of Groupdesk.
What did David Fry argue on stage?
That payments had barely changed since Diners Club introduced the credit card in the 1950s, that 'innovative banking' is an oxymoron, and that credit scoring had advanced enough that lenders no longer needed to charge everyone the same flat 19.9 or 29.9 per cent (TechTO TravelTechTO, 2018-05-22, 14:05–15:08).