Primus Capital has acquired a majority stake in Calgary-based fintech firm Reach, marking a major investment to support its growth. While financial terms remain undisclosed, Reach CEO Sam Ranieri confirmed that Primus now holds majority ownership. The firm’s 122 employees will remain under the new structure.
This move signals renewed interest in Canada’s fintech sector, which saw record investment of US$9.5 billion in 2024, according to KPMG. Major deals included Nuvei’s US$6.3-billion take-private transaction and Plusgrade’s US$1-billion funding. Reach, which provides international payment solutions, previously secured $30 million in equity and debt in 2022.
Want to know more? Check out the source code on Calgary.tech.