KORT Payments to Acquire AptPay, Expanding Real-Time Payments and Payment Orchestration Across North America

Combination adds AptPay's multi-rail money movement platform
to KORT's omnichannel payments business

TORONTO, Oct. 19, 2026 /PRNewswire/ -- KORT Payments ("KORT"), a specialized omnichannel payments provider, today announced that it has entered into a definitive agreement to acquire 100% of AptPay Inc. ("AptPay"), a Toronto-based payments technology company specializing in real-time payments and payment orchestration. Terms of the transaction were not disclosed.

AptPay's platform provides businesses with a single integration for moving money across multiple payment rails, including Mastercard^TM Send, VISA^® Original Credit Transaction (OCT), Interac e-Transfer^®, Electronic Funds Transfer (EFT), Automated Clearing House (ACH), Real Time Payments (RTP), FedNow^® and cross-border. It has built-in compliance tools for Know Your Customer (KYC), Anti-Money Laundering (AML) and sanctions screening. AptPay serves merchants and platforms across Canada and the United States, with a strong presence in online gaming and gambling, digital assets, financial services and other high-growth sectors.

The acquisition expands KORT's capabilities beyond card acceptance to include account-to-account payments and disbursements, enabling customers to collect and send funds through a single provider and consolidated platform. The transaction also supports KORT's growth strategy by broadening its product offering and accelerating its expansion in the United States.

"AptPay's real-time payout and orchestration capabilities are highly complementary to our platform, and together we can offer customers a complete money movement solution across North America," said Danny Chazonoff, President and Chief Operating Officer of KORT Payments. "This acquisition strengthens our position in the payments ecosystem by combining our team's deep industry expertise and established relationships with AptPay's strong market presence and robust, scalable technology platform."

"Joining KORT strengthens our business by bringing together two teams with a shared vision and deep experience in building and scaling payments businesses," said Shams Syed, Chief Executive Officer of AptPay. "That proven experience, combined with KORT's platform and resources, puts us in a stronger position to accelerate AptPay's growth. We'll be able to scale faster, expand our reach across North America and beyond, and continue delivering the speed, reliability, and innovation our partners have come to expect from us."

Following the closing, AptPay will operate as a division of KORT under the AptPay brand, and Mr. Syed will continue to lead that business unit. AptPay customers and partners will continue to be supported without interruption.

The transaction is expected to close in Q4 2026, subject to customary closing conditions.

About KORT Payments

KORT Payments is a specialized omnichannel payments provider that enables businesses to connect and transact seamlessly through capabilities in compliance, risk management and payment processing. KORT is powered by a full-stack, enterprise-grade platform and led by a seasoned management team. For more information, visit www.kortpayments.com.

About AptPay

Founded in 2019 and headquartered in Toronto, AptPay is a payments technology company that specializes in account-to-account payments, which combines payment processing and compliance in a single platform. AptPay enables businesses to collect and disburse funds in real time across multiple payment rails, from domestic payments to instant disbursements and cross-border transfers, with integrated KYC, AML and sanctions screening. For more information, visit www.aptpay.com.

SOURCE KORT Payments