The regulated home for money that crosses borders
1klas is First Class Payments Inc. — a FINTRAC-registered Canadian money services business. We give global companies one regulated place to accept, hold, convert and pay out money, instead of a patchwork of banks, processors and exchanges.
One counterparty, not a patchwork
Cross-border business is held together by a stack of providers that don't talk to each other — a foreign bank you can't reach, a card processor, an FX broker, a crypto exchange. Every hand-off is a delay, a fee and a reconciliation.
1klas replaces the stack. Accept money any way it arrives, hold it in the currency it lands in, convert near mid-market, and pay out over local rails — all in one regulated account, with one team and one set of books.
The boring parts, done properly
Moving money for other businesses is a licensed activity, and we treat it that way. The compliance that makes banks nervous about cross-border flows is exactly what we do well.
- FINTRAC-registered MSBA money services business registered with Canada's financial intelligence regulator.
- Client funds safeguardedMoney is kept separate and handled with care — it is your money, not ours.
- Real KYC/AMLSource-of-funds and sanctions screening on every account — a rail your bank respects.
- Canadian, and clear about itIncorporated in Ontario, based in Cambridge, Ontario — a stable, respected jurisdiction.
What one account carries
A team, not a portal
A real person who learns your business and stays reachable — not a ticket queue.
Near mid-market FX with a clear margin shown up front — no hidden spread.
We walk you through KYC/AML so you clear it — guidance, not gatekeeping.
Every feature assumes your money moves between countries, currencies and rails.
First Class Payments Inc.
Three ways money moves, one account behind them
Common questions
1klas is the operating name of First Class Payments Inc., a payments company based in Cambridge, Ontario, Canada. We give global businesses one regulated place to accept, hold, convert and pay out money.
No — we're a money services business (MSB) registered with FINTRAC in Canada. We provide accounts, payments, FX and crypto on/off-ramp, with client funds safeguarded and kept separate.
In Canada. First Class Payments Inc. is registered with FINTRAC (the Financial Transactions and Reports Analysis Centre of Canada) as a money services business, registration #M23574478.
Businesses whose money crosses a border, a currency or a rail — marketplaces, SaaS and subscriptions, import/export, agencies paying teams, and crypto businesses.
Open an account online in minutes, or talk to us first — a named manager will help you get set up and clear onboarding.
One regulated account for everywhere you do business
Accept, hold, convert and pay out — with one counterparty that's regulated, reachable and clear about how it works.