About Wagepoint
Wagepoint is a Technology company based in Kitchener (Canada) founded in 2012, and was acquired by PSG in September 2020. It operates as a cloud-based payroll solutions are delivered for business operations. Wagepoint has raised $4 million across 2 funding rounds from investors including Timia Capital, BDC and Extreme Venture Partners. The company has 30 employees. Wagepoint has completed 2 acquisitions, including Kin HR and Timesheet Mobile. Its website wagepoint.com draws about 597 thousand monthly visits. Its Indian entity Wagepoint India Private Limited reported revenue of ₹13.31 Cr. Wagepoint offers products and services including Payroll Software and People Tool. Its focus areas include FinTech, Finance & Accounting Tech, Payroll Management and Enterprise Applications. Its competitors include Gusto, Justworks, Earnin, Paylocity and Payflow and 5 more; 9 of its 10 listed competitors have raised funding.
Company details
Wagepoint was founded in 2012 in Kitchener, Canada, within the financial technology sector. Payroll deductions are calculated, direct deposits are processed, and employee time and attendance are tracked through its cloud platform. Pay stubs are generated, retirement plans are managed, and government remittances are handled for companies. Consistent revenue streams are supported for accounting and bookkeeping firms operating in North America.
- Headquarters Kitchener, Canada
- Employees 30
- SectorsTechnology
- Website category Finance
- Website wagepoint.com
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by PSG (Sep 2020)
- Legal Name Wagepoint India Private Limited
- Date of Incorporation 29 Mar, 2019
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹13.31 Cr
FY 2025 · +7% YoY
- Net Profit₹1.33 Cr
FY 2025 · 10% margin
- EBITDA₹1.90 Cr
FY 2025 · 14% margin
- Total Equity Funding$4M (USD)
in 2 rounds
- Latest Funding Round$2M (USD), Seed
Dec 2017
- InvestorsTimia Capital
& 4 more
- Employee Count30
- Investments & AcquisitionsKin HR
& 1 more
- Acquired byPSG
(Sep 2020)
Associated legal entities of Wagepoint
Wagepoint operates through Wagepoint India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Wagepoint India Private Limited CIN U72900MH2019PTC323351 | Active | 29 Mar 2019 | Mumbai, Maharashtra | ₹13.3 Cr | 30 | 3 | View details |
Products & Services of Wagepoint
Wagepoint offers a comprehensive portfolio of products and services, including Payroll Software and People Tool.
Software for processing payments and taxes for employees and contractors
Tool for handling time off, onboarding, and employee resources
Apps and channels of Wagepoint
its YouTube channel Wagepoint has 345 subscribers and 19 videos.
Videos from Wagepoint
The most watched videos on Wagepoint's YouTube channel, Wagepoint (345 subscribers). Click a video to play it here.
More on Wagepoint.
Funding Insights of Wagepoint
Wagepoint has successfully raised a total of $4M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $2 million completed in December 2017. 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 $4M
- Total Rounds 2
- Last Round Seed — $2M
- First Round $2M
(Dec 2014)
- Investors Count 4
All 2 funding rounds of Wagepoint with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2017 | $2M | Seed | – | Timia Capital | – |
| Dec 2014 | $2M | Seed | – | Extreme Venture Partners |
5 investors in total: 5 institutional.
Investors in Wagepoint
Wagepoint has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Timia Capital, BDC and Extreme Venture Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Seed & early stage tech-focused VC firm investing in geographies such as the US and Canada | – | evp.vc | Toronto, Canada | |
Capital and operational support are provided to growth-stage software companies. | – | psgequity.com | Boston, United States | |
A P2P platform for revenue-based financing is operated for startups. | 2008 | timiacapital.com | Vancouver, Canada | |
Sustainable packaging solutions are provided by Atlantic Packaging. | 1945 | atlantic.ca | Scarborough, Canada | |
Commercial banking services for small and medium-sized enterprises are provided. | 1944 | bdc.ca | Montreal, Canada |
Investor details for Wagepoint
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Board of directors of Wagepoint India Private Limited (Wagepoint)
Wagepoint India Private Limited is the primary company behind Wagepoint. The board of Wagepoint India Private Limited currently have 3 directors; the longest-serving is Terrin Thamban, appointed in 2022. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Terrin Thamban DIN 09466556 | Director | 18 Jan 2022 | 4 yrs 8 mo | Wagepoint India Private Limited |
| Dwarakanath Chennur DIN 02858554 | Director | 08 Jul 2025 | 1 yr 3 mo | Wagepoint India Private Limited |
| Harshit Arya DIN 08959276 | Director | 08 Jul 2025 | 1 yr 3 mo | Wagepoint India Private Limited |
People of Wagepoint
7 people are tracked at Wagepoint (4 in leadership, 3 in team); the tracked headcount is 30.
| Name | Role | Group |
|---|---|---|
Amanda Hoeg | Head of Operations | Leadership |
Nancy Wilman | Head of Canadian Customer Service | Leadership |
Vanessa Hartung | Director, Content Marketing | Leadership |
Kevin Forbes | VP Of Engineering | Leadership |
Michelle Gold-Mire | Marketing Content Manager | Team |
Laura Spataro | Payroll Support Specialist | Team |
Amy Statham | Senior Manager, Content + Social | Team |
Complete people profiles for Wagepoint
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Financials of Wagepoint
Figures of Wagepoint India Private Limited, the primary company behind Wagepoint, for FY 2025. Revenue was ₹13.31 Cr (+7% year on year). Net profit was ₹1.33 Cr (10% margin). EBITDA was ₹1.90 Cr (14% margin). Revenue has grown at a compounded annual rate of +58% over three years and +31% over five years.
- ₹13.31 CrRevenue · FY 2025 · +7% YoY
- ₹1.33 CrNet profit · 10% margin
- ₹1.90 CrEBITDA · 14% margin
- ₹1 LakhPaid-up capital
- 30Employees (provident fund records)
- +58%Revenue CAGR, 3 years
- +31%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Wagepoint India Private Limited are on its company page.
Detailed financial statements for Wagepoint
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by Wagepoint
Wagepoint has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Kin HR and Timesheet Mobile.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Cloud-based HR software for onboarding and employee management is provided. | kinhr.com | Chicago, United States | 2012 | Aug 2022 | •••• | |
Mobile workforce management and timesheet tracking are facilitated. | timesheetmobile.com | Westborough, United States | 2004 | Jan 2022 | •••• |
Complete acquisition details for Wagepoint
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Timeline of Wagepoint
6 dated milestones of Wagepoint across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Wagepoint is founded.
- Funding First funding round of $2.0M.
- Funding Latest funding round, Seed, of $2.0M.
- Exit Acquired by PSG.
- Acquisition Acquires Timesheet Mobile.
- Acquisition Acquires Kin HR.
Competitors of Wagepoint
Wagepoint has 10 listed competitors in our database, 9 of them funded. They include Gusto, Justworks, Earnin, Paylocity and Payflow, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| gusto.com | 2012 | San Francisco, United States | $718.35M | 5,876 | Cloud-based HR and payroll solutions are offered for small businesses. | |
| justworks.com | 2012 | New York, United States | $147.52M | 55,459 | Benefits administration and payroll management are provided for businesses. | |
| earnin.com | 2012 | Palo Alto, United States | $190.1M | 242 | Real-time access to earned wages is provided fee-free. | |
| paylocity.com | 1997 | Arlington Heights, United States | $37.28M | 4,150 | Cloud-based payroll and HR solutions are provided for businesses. | |
| payflow.es | 2020 | Alcobendas, Spain | $58.23M | – | Payflow is recognized as a financial wellness application for employees. | |
| zenefits.com | 2013 | Tempe, United States | $598.27M | 242 | Cloud-based HR and payroll management solutions are offered. | |
| papayaglobal.com | 2016 | New York, United States | $438M | – | Cloud-based payroll management solutions are offered for businesses. | |
| ultimatesoftware.com | 1990 | Weston, United States | – | 10,754 | Cloud-based payroll and talent management software is offered to businesses. | |
| pagarbook.com | 2018 | Bengaluru, India | $24.84M | 456 | Provider of staff attendance, payroll and biometric attendance tools for small to medium enterprises | |
| payscale.com | 2002 | Seattle, United States | $117.62M | 299 | Payroll compensation management software is provided for businesses. |
Detailed competitors of Wagepoint
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Web traffic of Wagepoint
The website of Wagepoint (wagepoint.com) receives about 597.1K visits a month and ranks #79,829 among all websites worldwide, #5,014 in Finance.
- Monthly visits597.1K
▲ 23.2% vs previous month
- Unique visitors126.7K
per month
- Global rank#79,829
among all websites
- Category rank#5,014
Finance · Finance
- Bounce rate24%
- Pages per visit5.8
- Average visit3 min 51 sec
- DevicesDesktop 49% · Mobile 51%
Websites whose visitors overlap most with Wagepoint. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| businessonlinepayroll.com | 100% | – | #457,645 | View details | |
| wealthsimple.com | 97% | 10.9M | #5,448 | View details | |
| execupay.com | 78% | 15.7K | #888,386 | View details | |
payrollonline.com | payrollonline.com | 78% | – | – | – |
payworks.ca | payworks.ca | 75% | – | #15,735 | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Wagepoint
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Top companies in HR & Workforce Technology
10 companies that operate in the same segment as Wagepoint (HR & Workforce Technology), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Anonymous employee reviews and job search platform are operated. | 2007 | San Francisco, California, United States | USD 201.5 M | – | – | |
Cloud-based LMS platform for IT industry | 2004 | Farmington, United States | USD 235.41 M | USD 4.95 M | 260 | |
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | – | – | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | – | – | |
Cloud-based HR and financial software is delivered to enterprises. | 2005 | Pleasanton, California, United States | USD 352.3 M | USD 9.53 B | 20,400 | |
Businesses are connected with freelancers via an online marketplace. | 1999 | San Francisco, California, United States | USD 140 M | USD 787.78 M | 600 | |
Tech-enabled mental health solutions for employers are provided. | 2016 | New York, New York, United States | USD 508.73 M | – | – | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Cloud-based HRMS software is offered for small and medium-sized businesses. | 2016 | Barcelona, Catalonia, Spain | USD 369.25 M | – | – |
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Related news about Wagepoint
Complete news archive for Wagepoint
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Frequently Asked Questions about Wagepoint
Wagepoint was founded in 2012 and raised its 1st funding round 2 years after it was founded.
Wagepoint is headquartered in Kitchener, Canada. It is registered at Kitchener, Ontario, Canada.
Wagepoint is a funded company, having raised a total of $4M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2M, raised on Dec 2014.
Wagepoint has 30 employees.
The primary company behind Wagepoint, Wagepoint India Private Limited, reported revenue of ₹13.31 Cr for FY 2025, up 7% year on year.
Wagepoint was founded in 2012 in Kitchener, Canada, within the financial technology sector. Payroll deductions are calculated, direct deposits are processed, and employee time and attendance are tracked through its cloud platform. Pay stubs are generated, retirement plans are managed, and government remittances are handled for companies. Consistent revenue streams are supported for accounting and bookkeeping firms operating in North America.
Wagepoint offers Payroll Software and People Tool.
Wagepoint has made 2 acquisitions, including Kin HR, and Timesheet Mobile.
Wagepoint has 5 investors. Key investors include Timia Capital, BDC, Extreme Venture Partners, Atlantic Packaging, and PSG Equity.
Wagepoint operates through Wagepoint India Private Limited.
Yes. Wagepoint was acquired by PSG in September 2020.