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Ever since it launched in 2011, Payfirma Corp. has been on an upward trajectory. Until recently, anyway.

The company was formed during the heady infancy of mobile payment systems. Square Inc., which launched a couple of years earlier, was a rapidly growing darling of investors. And there was nothing like it in Canada. Michael Gokturk, an entrepreneur who had just ushered a payment processing company he co-founded through a successful IPO, decided to jump on the trend and turn his attention to mobile.

Image: Illustration by Josh Holinaty - http://www.canadianbusiness.com