Sign In

Marc Milewski

Co-founder at Zūm Rails, Payment Expert, Farmer

Marc Milewski is a co-founder and CEO of Zūm Rails, a fintech company that specializes in payment solutions. With over 15 years of experience in the payments industry, Marc has established himself as a veteran in both banking and fintech sectors.2

Career Background

Marc's journey in the payments industry began at VersaPay, where he played a crucial role in developing Canada's first EFT gateway. During his seven-year tenure there, he gained extensive experience in implementing payment solutions across various business sectors.2

In 2017, Marc left VersaPay to pursue his entrepreneurial ambitions. He moved to the Maritimes and started his own payment company, focusing on the concept of payments as "financial interactions".23

Founding Zūm Rails

In 2019, Marc co-founded Zūm Rails with Miles Schwartz.13 The company was born out of their combined expertise - Marc's deep knowledge of payments and Miles' background in data aggregation.3 Together, they developed Canada's only instant payment gateway, which integrates open banking with instant payments.12

Leadership and Vision

As CEO of Zūm Rails, Marc has been instrumental in growing the company from a two-person operation to a team of over 30 employees.23 Under his leadership, Zūm Rails has achieved significant milestones:

  • Reaching $10 million in annual recurring revenue (ARR)1
  • Expanding into the US market2
  • Developing a comprehensive payment platform in collaboration with FISERV2

Marc's vision for Zūm Rails goes beyond simple fund transfers. He sees payments as "financial interactions" that encompass everything from client onboarding to risk management.2

Personal Interests

Outside of his professional life, Marc describes himself as a "former maritimer, failed olympian, semi retired layabout" in his Twitter bio.4 He also has a passion for building and a love for farming.5

Highlights

Sep 19 · zumrails.com
About us • Zūm Rails
Jul 13 · youtube.com
Marc Milewski, Co-founder & CEO of Zum Rails | Episode 212
Marc Milewski, Co-founder & CEO of Zum Rails | Episode 212
May 27 · founderreports.com
How We Bootstrapped Zūm Rails from $0 to Seven Figures in ARR
Marc Milewski, CEO of Zum Rails | The Fintech Times
Feb 23 · FinSMEs
Zūm Rails Raises CAD$10.5M in Series A Funding - FinSMEs
Zūm Rails Raises CAD$10.5M in Series A Funding - FinSMEs
Feb 22 · TechCrunch
Zūm Rails takes in first capital to launch new banking-as-a-service, FedNow offerings - TechCrunch
Zūm Rails takes in first capital to launch new banking-as-a-service, FedNow offerings - TechCrunch
Zūm Rails: Pioneering the Future of Payments - Digital First Magazine
Zūm Rails: Pioneering the Future of Payments - Digital First Magazine

Related Questions

What inspired Marc Milewski to venture into fintech?
How did Marc Milewski's experience at VersaPay influence Zūm Rails?
What challenges did Marc Milewski face when starting Zūm Rails?
How did Marc Milewski and Miles Schwartz meet?
What makes Zūm Rails' approach to payments unique?
Marc Milewski
Marc Milewski, photo 1
Marc Milewski, photo 2
Add to my network