Shift4 Payments announced it will acquire Paramount Commerce, a Toronto-based provider of bank-based and account-to-account (A2A) payments. The acquisition will give Shift4 entry into Canada and add pay-by-bank solutions to its offerings. Shift4 has positioned the deal as a key part of its North American expansion.
The companies signed the agreement in August 2026. It includes an initial cash payment of approximately $143 million. Shift4 could pay up to $174 million in additional contingent consideration.
Paramount Commerce provides payment services to major companies in Canada, including DraftKings and FanDuel. The acquisition is expected to close in the fourth quarter of 2026, pending regulatory approvals.