RBC, BMO SELL MONERIS TO FRANCISCO PARTNERS

INDUSTRY DESK■ 1 MIN READ

TUE, AUG 11, 2026

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Royal Bank of Canada and Bank of Montreal have agreed to sell payments company Moneris Solutions to private equity firm Francisco Partners for CA$2 billion in cash, with both banks splitting the proceeds equally.

The transaction values Moneris at CA$2 billion ($1.4 billion USD). RBC and BMO each receive CA$1 billion from the sale. Moneris operates as a leading payment processing platform in Canada, serving merchants across multiple verticals. The company processes transactions for retailers, e-commerce operators, and service providers. Francisco Partners, a San Francisco-based PE firm, specializes in software and technology infrastructure investments. The firm has backed payments and fintech companies previously. The sale marks a strategic exit for Canada's two largest banks from the payments processing business. Both institutions will retain their consumer and commercial banking operations while divesting this particular asset. The deal remains subject to regulatory approvals and customary closing conditions. No timeline for completion has been announced.

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► Techmeme

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RBC, BMO SELL MONERIS TO FRANCISCO PARTNERS

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