---
title: "PayMore Secures 120-Unit Deal to Expand in Canada"
url: https://burnaze.com/article/4d3e5ca0-1000-499e-9b86-e16f342495c6
source: "Franchising.com"
original_url: https://www.franchising.com/news/20240709_paymore_secures_120unit_deal_to_expand_in_canada.html
category: "Retail"
industry: "Retail"
topics: ["Development & multi-unit"]
published: 2024-07-09T12:00:00.000Z
modified: 2026-10-31T18:45:16.828Z
image: https://images.unsplash.com/photo-1450101499163-c8848c66ca85?w=1600&q=80&auto=format&fit=crop
---

# PayMore Secures 120-Unit Deal to Expand in Canada

**TL;DR:** PayMore has secured a 120-unit deal to expand in Canada, led by an experienced group of seasoned veterans in the fast casual industry. The group plans to target the greater Toronto market for their first two locations, aiming to open by the end of 2024.

*originally published in Franchising.com on 2024-07-09. [Read the original](https://www.franchising.com/news/20240709_paymore_secures_120unit_deal_to_expand_in_canada.html).*

## Story

Leading this deal is an experienced group, seasoned veterans of the fast casual industry both in Canada and internationally. Upon discovering the PayMore brand, they were immediately impressed and recognized its potential to thrive across Canada.

“We are thrilled to bring PayMore to the entire Canadian market, a perfect fit for our second-hand electronics business model,” said Stephen R. Preuss, CEO of PayMore. “I am confident in the expertise of our seasoned franchisees spearheading this expansion.”

The group is planning to target the greater Toronto market for their first two locations and hope to have them open by the end of 2024.

PayMore operates as a hybrid business, combining an online e-commerce platform with a physical brick-and-mortar store. Their products include smartphones, gaming systems, tablets, and other tech gadgets.

## Entities

- Franchising.com (publication)
- unit expansion (topic)
- Retail (sector)
- canada (location)
- franchise deal (topic)
- Toronto (location)
- canada expansion (topic)
- PayMore (company)

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Originally reported by Franchising.com (https://www.franchising.com/news/20240709_paymore_secures_120unit_deal_to_expand_in_canada.html). Summarized by Burnaze (https://burnaze.com/article/4d3e5ca0-1000-499e-9b86-e16f342495c6).