About Wagepoint
Wagepoint is a company based in Kitchener (Canada) founded in 2012 was acquired by PSG in September 2020. Wagepoint has raised $4 million across 2 funding rounds from investors including Timia Capital, BDC and Extreme Venture Partners. The company has 30 employees as of April 07, 2024. Wagepoint has completed 2 acquisitions, including Kin HR and Timesheet Mobile. Wagepoint offers products and services including Payroll Software and People Tool. Wagepoint operates in a competitive market with competitors including Gusto, Justworks, Earnin, Paylocity and Payflow, among others.
- Headquarter Kitchener, Canada
- Employees 30 as on 07 Apr, 2024
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Sectors
Technology
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Phone
Locked
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Website
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Social
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- Legal Name Wagepoint India Private Limited
- Date of Incorporation 29 Mar, 2019
- Jurisdiction Borivali West, Maharashtra, India
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Annual Revenue
$1.06 M (USD)161.06as on Mar 31, 2023
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Net Profit
$140.15 K (USD)183.33as on Mar 31, 2023
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EBITDA
$149.03 K (USD)149.83as on Mar 31, 2023
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Total Equity Funding
$4 M (USD)
in 2 rounds
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Latest Funding Round
$2 M (USD), Seed
Dec 15, 2017
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Investors
Timia Capital
& 4 more
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Employee Count
30
as on Apr 07, 2024
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Investments & Acquisitions
Kin HR
& 1 more
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Acquired by
PSG
(Sep 09, 2020)
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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
People of Wagepoint
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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.
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 |
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Seed & early stage tech-focused VC firm investing in geographies such as the US and Canada
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Capital and operational support are provided to growth-stage software companies.
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A P2P platform for revenue-based financing is operated for startups.
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Investor details for Wagepoint
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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.
Investment portfolio details for Wagepoint
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Cloud-based HR software for onboarding and employee management is provided.
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Mobile workforce management and timesheet tracking are facilitated.
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Complete acquisition details for Wagepoint
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Financial Statements - Wagepoint
Detailed financials for Wagepoint
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Wagepoint Comparisons
Peer comparison for Wagepoint
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Competitors of Wagepoint
Wagepoint 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, Justworks, Earnin, Paylocity and Payflow, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cloud-based HR and payroll solutions are offered for small businesses.
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Benefits administration and payroll management are provided for businesses.
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Real-time access to earned wages is provided fee-free.
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Cloud-based payroll and HR solutions are provided for businesses.
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Payflow is recognized as a financial wellness application for employees.
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Cloud-based HR and payroll management solutions are offered.
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Detailed competitors of Wagepoint
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Latest news on 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.
As of Apr 07, 2024, the latest employee count at Wagepoint is 30.
Annual revenue of Wagepoint is $1.06M as on Mar 31, 2023.
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.