Go to the Globe and Mail homepage

Jump to main navigationJump to main content


Report on Business


News and analysis on Bay Street and the world of finance
available exclusively to subscribers of Globe Unlimited

Entry archive:

PayPal to buy Vancouver fintech TIO Networks in $304-million deal Add to ...

Subscribers Only

One of Canada’s unheralded financial-technology success stories is cashing out. Vancouver-based consumer payments processing firm TIO Networks Corp. has been sold to Silicon Valley giant PayPal Holdings Inc. in a $304-million all-cash deal, 20 years after it was co-founded by Iranian immigrant Hamed Shahbazi.

Report Typo/Error

Follow on Twitter: @SeanSilcoff

Next story




Most popular videos »

More from The Globe and Mail

Most popular