Gigadat Inc

History and Founding

Gigadat Solutions Inc. was founded in 2013 by Guy Fietz in Winnipeg, Manitoba. Fietz, a Canadian payments veteran, identified a gap in the market for real-time online banking payments tailored specifically to the needs of domestic e‑commerce and later iGaming operators. The company initially focused on building a reliable e‑transfer processing infrastructure that could handle the high‑volume, low‑friction requirements of online gambling – a sector that was rapidly growing in Canada despite a fragmented regulatory landscape. Over the following decade, Gigadat became the default payment processor underpinning the Interac option on most Canadian casino cashiers, handling billions of dollars in player deposits and withdrawals annually.

Business Model

Gigadat's core business model is providing a technology layer that connects merchants to the Interac network. It does not operate its own acquiring licence; instead, it functions as a payment gateway that facilitates real-time deposits and withdrawals. The company generates revenue through transaction fees on each payment processed. By offering instant settlements and a seamless user experience, Gigadat helps operators improve cash flow and player retention. Its platform supports e‑wallet services, multi‑currency processing, and integration with major e‑commerce platforms, allowing it to serve not only iGaming but also travel and subscription service verticals.

Products and Platform

Gigadat’s core offering is a real-time online banking payment gateway that leverages Canada’s Interac e‑Transfer system. Key features include: - Instant transactions – deposits and withdrawals are processed in real time, reducing friction for players and improving operator cash flow. - E‑wallet services – both personal and commercial wallets enable users to store funds, make payments, and manage balances within the platform. - Multi‑currency support – while primarily focused on Canadian dollars, the platform can accept and settle payments in multiple currencies, supporting international operators. - E‑commerce integration – APIs and ready-made connectors (e.g., via payment orchestration platforms like Corefy) allow merchants to embed payment flows directly into their websites or apps. - Security & compliance – PCI DSS certified, with robust fraud prevention and anti‑money laundering (AML) controls. The company also monitors emerging regulations, such as Alberta’s new iGaming framework.

Gigadat does not operate separate consumer-facing brands; all services are marketed under the single Gigadat name.

Market Position and Reputation

Gigadat enjoys an entrenched position as the leading real-time payment processor for Canadian iGaming. Its partnership with Interac is effectively exclusive in the gambling vertical, giving operators a mandatory connection to offer Canada’s most popular deposit method. The company is active at industry events such as iGB L!VE London and maintains a social media presence that highlights its reliability and compliance readiness. On the consumer side, Gigadat’s Trustpilot ratings are mixed (2.5/5 from 17 reviews), with some users reporting issues related to account holds or slow customer service – common complaints for payment processors associated with gambling. The company is privately held and does not disclose revenue, funding history, or detailed ownership structure.

Competitive Landscape

Gigadat competes with other Canadian-focused payment providers such as Xace, Fluid, and NOWPayments, but its deep integration with Interac gives it a nearly unassailable advantage in the domestic iGaming space. Unlike many rivals, Gigadat does not operate its own acquiring licence; instead, it functions as a technology layer that connects merchants to the Interac network.

Recent Developments (2025–2026)

In January 2026, Gigadat published a LinkedIn update noting that Alberta had opened registration for regulated iGaming, positioning itself as a partner for operators preparing for the market’s full launch. The company also participated in iGB L!VE London 2025 and continues to promote its platform as “reliability over disruption.”