About Paidiem
Paidiem is a company based in Toronto (Canada) founded in 2019 by Richard Cromie.. Paidiem has raised $3.89 million across 5 funding rounds from investors including BDC, Berkeley SkyDeck and NevCaut Ventures. Paidiem offers products and services including On-Demand Pay, Workforce Engagement Platform, and Payroll Automation. Paidiem operates in a competitive market with competitors including Gusto, Payflow, Legion, Paylocity and Justworks, among others.
- Headquarter Toronto, Canada
- Founders Richard Cromie
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Sectors
Technology
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Email
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Phone
*********
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Website
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Social
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- Legal Name Paidiem Technologies Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3.89 M (USD)
in 5 rounds
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Latest Funding Round
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Investors
BDC
& 4 more
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Employee Count
Employee Count
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Products & Services of Paidiem
Paidiem offers a comprehensive portfolio of products and services, including On-Demand Pay, Workforce Engagement Platform, and Payroll Automation. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables early access to earned wages for workers
Facilitates daily engagement and financial wellness programs
Automates invoicing and financial reporting for efficiency
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Funding Insights of Paidiem
Paidiem has successfully raised a total of $3.89M across 5 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Last Round
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First Round
First Round
(09 Jan 2020)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Seed - Paidiem | Valuation | GreenSky | |
| Sep, 2021 | Amount | Seed - Paidiem | Valuation | Berkeley SkyDeck |
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| Mar, 2021 | Amount | Seed - Paidiem | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Paidiem
Paidiem has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include BDC, Berkeley SkyDeck and NevCaut Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investment in early-stage Fintech startups
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Founded Year | Domain | Location | |
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Early stage Canadian B2B startups are funded by GreenSky Ventures.
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Founded Year | Domain | Location | |
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Startups are accelerated and incubated across diverse industries.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Paidiem
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Paidiem
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Paidiem Comparisons
Competitors of Paidiem
Paidiem operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Gusto, Payflow, Legion, Paylocity and Justworks, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based HR and payroll solutions are offered for small businesses.
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| domain | founded_year | HQ Location |
Payflow is recognized as a financial wellness application for employees.
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| domain | founded_year | HQ Location |
Workforce management solutions are provided through intelligent automation technology.
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| domain | founded_year | HQ Location |
Cloud-based payroll and HR solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Benefits administration and payroll management are provided for businesses.
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| domain | founded_year | HQ Location |
Hourly workforce schedules and communications are managed via software.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Paidiem
When was Paidiem founded?
Paidiem was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Paidiem located?
Paidiem is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Is Paidiem a funded company?
Paidiem is a funded company, having raised a total of $3.89M across 5 funding rounds to date. The company's 1st funding round was a Seed of $3.75M, raised on Jan 09, 2020.
What does Paidiem do?
Online workforce management software for enterprises. The platform offers features such as security, integration using MSP, and invoicing and reporting tools. It offers on-demand payments, back-office automation, timesheet tracking, workforce recruitment, and more. It caters to freelancers, contractors, and suppliers. It is a tool available on the subscription based pricing model.
Who are the top competitors of Paidiem?
What products or services does Paidiem offer?
Paidiem offers On-Demand Pay, Workforce Engagement Platform, and Payroll Automation.
Who are Paidiem's investors?
Paidiem has 5 investors. Key investors include BDC, Berkeley SkyDeck, NevCaut Ventures, GreenSky Ventures, and Accelerator Centre.