Paystone enters creditor protection, pursues debt restructuring, sale

London, Ontario-based payment processing company Paystone filed for creditor protection in early June amid severe financial difficulties, according to court documents . This news, which was first reported by Insolvency Insider , follows a yearslong acquisition spree. Since 2019, Paystone has purchased a swath of other FinTech firms, including DataCandy, NXGEN Canada , NiceJob , Canadian Payment Services , and Ackroo , financing these transactions in part using debt.