CALGARY, Alberta--(BUSINESS WIRE)-- In its first year entering the program, Digital Commerce Group (DCGroup) has been named a top 10 Enterprise Industry Leader by Deloitte Technology Fast 50™, which ranks Canada’s fastest-growing and most innovative technology companies. The group ranked ninth in a highly competitive category, a position built on an operating model few Canadian payments companies can match: a vertically integrated banking and payments technology stack and proprietary processing infrastructure housed under one roof.
Significant growth was driven by increased transaction volume across DCGroup’s customer base, as well as continually signing new customers as the need for safe, secure and fast online payments increases throughout businesses in Canada. Businesses in Canada turn to DCGroup for best in class payments technology provided via industry leading payments API stack as well as one convenient online portal from which transactions can be executed.
“Canadians and businesses expect money to move faster, and the country is modernizing its payment system to make it happen,” said Jeff Smith, CEO of DCGroup. “The Real-Time Rail and the RPAA are raising the bar on speed and compliance for every payments provider, and most fintechs and businesses are looking for a partner to launch faster payment options without building the infrastructure themselves. Our growth shows how many fintechs and other businesses are choosing DCGroup to handle this for them.”
In addition to increased transaction volumes, DCGroup’s growth has come from new products and a larger national footprint. In September, it brought Interac e-Transfer® Business Request Money to online checkout, giving merchants an account-based alternative to credit cards with near-real-time settlement and reduced chargeback risk. DCGroup also demonstrated its commitment to being first to market with fresh payments technologies by becoming the first bank in Canada to offer Canadians a new way to personalize money transfers with DCBank's launch of Interac e-Transfer® Cards. The company will continue its focus on expanding fintech and business access to innovative payment solutions by launching new capabilities enabled by Canada's upcoming Real-Time Rail (RTR) in the coming months.
In addition to growing its own businesses, DCGroup also invests in the next generation of companies that will build on Canada’s payment rails. Through the Digital Commerce Group Fintech Grant, founded by DCGroup and delivered by a group of donors at Startupfest in Montreal, DCGroup awarded a $100,000 non-dilutive grant this year and gave ten early-stage finalists a live pitch stage in front of investors and industry leaders.
About Digital Commerce Group (DCGroup): Digital Commerce Group (DCGroup) is a premier Canadian financial technology conglomerate headquartered in Calgary, Alberta. As a pioneer in the "Payments-as-a-Service" (PaaS) sector in Canada, DCGroup provides a comprehensive, integrated ecosystem through its core entities: Digital Commerce Bank (DCBank), a Schedule 1 Canadian chartered bank, Digital Commerce Payments (DCPayments) and Pateno Payments Inc. (Pateno).
With a history spanning almost 20 years, DCGroup is dedicated to bridging the gap between traditional banking and modern fintech innovation. With DCBank owning its own regulated banking license and with DCPayments and Pateno, clients of DCBank, providing proprietary processing infrastructure, the group offers clients unparalleled speed-to-market, customizable API integrations, and secure, scalable solutions for card issuing, real-time domestic payments, and digital wallets. DCGroup is committed to providing safe, secure, reliable and fast payment transactions and serves as a cornerstone of the Canadian fintech landscape through initiatives like the Digital Commerce Group Fintech Grant.
