About Paystone
Paystone is a company based in London (Canada) founded in 2009.. Paystone has raised $78.27 million across 3 funding rounds from investors including National Bank of Canada, Crédit Mutuel Equity and Canadian Business Growth Fund. Paystone has completed 6 acquisitions, including Ackroo, DataCandy and NiceJob. Paystone offers products and services including Gift Card Program, Loyalty Program, Payment Processing, and Marketing Automation. Paystone operates in a competitive market with competitors including Medallia, Flutterwave, Square, PayU and Nuvei, among others.
- Headquarter London, Canada
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Sectors
RetailTechnology Financial Services
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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 Paystone 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
$78.27 M (USD)
in 3 rounds
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Latest Funding Round
$23.87 M (USD), Series C
Jul 23, 2021
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Investors
National Bank of Canada
& 2 more
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Employee Count
Employee Count
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Investments & Acquisitions
Ackroo
& 5 more
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Products & Services of Paystone
Paystone offers a comprehensive portfolio of products and services, including Gift Card Program, Loyalty Program, Payment Processing, and Marketing 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 businesses to design and sell custom gift cards for cash flow.
Customizable rewards to encourage repeat visits and spending.
Accepts payments in-store, online, and via terminals securely.
Automates email and text campaigns to boost customer interaction.
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Funding Insights of Paystone
Paystone has successfully raised a total of $78.27M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $23.87 million completed in July 2021. 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 3
- Last Round Series C — $23.9M
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Series C - Paystone | Valuation | Credit Mutuel Equity |
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| Jan, 2021 | Amount | Debt – Conventional - Paystone | Valuation |
investors |
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| Jan, 2021 | Amount | Series C - Paystone | Valuation | Canadian Business Growth Fund , National Bank of Canada |
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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 Paystone
Paystone has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include National Bank of Canada, Crédit Mutuel Equity and Canadian Business Growth Fund. 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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Growth and acquisition investments are managed by Credit Mutuel Equity.
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Founded Year | Domain | Location | |
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Growth capital investments are made by this private equity firm.
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Founded Year | Domain | Location | |
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Commercial bank
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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 Paystone
Paystone has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include Ackroo, DataCandy and NiceJob. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Reputation management solutions are delivered via a cloud-based platform.
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2015 | ||||
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Merchant account processing services are provided to businesses.
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2014 | ||||
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SaaS-based gift card and loyalty programs are provided for businesses.
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Paystone
| 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 |
Paystone Comparisons
Competitors of Paystone
Paystone 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 Medallia, Flutterwave, Square, PayU and Nuvei, 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 |
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| domain | founded_year | HQ Location |
Medallia is focused on customer and employee experience management.
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| domain | founded_year | HQ Location |
Provider of payment processing solutions for businesses
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| domain | founded_year | HQ Location |
POS solutions are provided for retail businesses.
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| domain | founded_year | HQ Location |
Online payment processing and credit solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Payment processing solutions are delivered to merchants and businesses.
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| domain | founded_year | HQ Location |
Digital payments are processed and managed via specialized solutions.
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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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Latest news on Paystone
Frequently Asked Questions about Paystone
When was Paystone founded?
Paystone was founded in 2009 and raised its 1st funding round 12 years after it was founded.
Where is Paystone located?
Paystone is headquartered in London, Canada. It is registered at London, Ontario, Canada.
Is Paystone a funded company?
Paystone is a funded company, having raised a total of $78.27M across 3 funding rounds to date.
What does Paystone do?
Paystone was founded in 2009 in London, Canada, within the fintech sector focused on merchant services. Solutions for customer engagement are delivered, including payment processing, loyalty programs, and gift card management to facilitate transaction-based interactions. SMS and email marketing campaigns, along with reporting, analytics, and customer insights, are also offered on a subscription basis. Online payment processing supports e-commerce operations.
Who are the top competitors of Paystone?
Paystone's top competitors include PayU, Flutterwave and Square.
What products or services does Paystone offer?
Paystone offers Gift Card Program, Loyalty Program, Payment Processing, and Marketing Automation.
How many acquisitions has Paystone made?
Who are Paystone's investors?
Paystone has 3 investors. Key investors include National Bank of Canada, Crédit Mutuel Equity, and Canadian Business Growth Fund.
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