WayPay

Toronto, Canada Founded: 2014 • Age: 12 yrs Acquired By RBC Royal Bank
B2B payment solution
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About WayPay

WayPay is a company based in Toronto (Canada) founded in 2014 by Hootan Arbab, Robert Bast, and Roberto Ramesar was acquired by RBC Royal Bank in July 2019.. WayPay operates in a competitive market with competitors including Tipalti, Payment Source, Fawaterk, Ratio Payments and SparcPay, among others.

  • Headquarter Toronto, Canada
  • Founders Hootan Arbab, Robert Bast, Roberto Ramesar
  • Sectors
    Technology
    Financial Services
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
Operational Areas
Technology → Marketing, Adtech & Commerce Technology → →
Financial Services → FinTech & Digital Finance → →
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Latest Funding Round
  • Investors
    RBC Royal Bank

    & 1 more

  • Employee Count
    Employee Count
  • Acquired by
    RBC Royal Bank

    (Jul 09, 2019)

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Funding Insights of WayPay

  • Total Funding
  • Total Rounds 1
  • Last Round
  • First Round
  • Investors Count 1
Date Amount Transaction Name Valuation Lead Investors Investors
Aug, 2017 Amount Seed - WayPay Valuation 500 Global
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Investors in WayPay

WayPay has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include RBC Royal Bank and 500 Global. 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.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
500 Global
Venture capital and acceleration are provided to tech startups.
Founded Year Domain Location
RBC Royal Bank
Commercial banking services are provided to businesses and individuals.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Amitabh Bachchan family office
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Signite Partners
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Sixteenth Street Capital
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
GGV Capital
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by WayPay

Investments
Company Name Description Domain Location Founded Year Amount
Bento Cloud
Bionic investment advisor platform
2016
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
GrabKios by Kudo
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - WayPay

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Waypay Comparisons

Employees
+
Add Comparison
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Competitors of WayPay

WayPay 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 Tipalti, Payment Source, Fawaterk, Ratio Payments and SparcPay, 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
Tipalti
domain founded_year HQ Location
Cloud-based procurement and invoice management solutions are offered to businesses.
Payment Source
domain founded_year HQ Location
Payment solutions for enterprises, digital businesses, and government organizations
Fawaterk
domain founded_year HQ Location
Cloud-based end-to-end business management tools for e-tailers are offered.
Ratio Payments
domain founded_year HQ Location
Invoice payment to vendors with bill payment platform
SparcPay
domain founded_year HQ Location
Vendor payments are automated via a cloud-based solution for businesses.
Company Name Domain Founded year HQ Location Description
inDrive
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
Bolt
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
Gojek
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
Dunzo
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Waypay

Frequently Asked Questions about WayPay

When was WayPay founded?

WayPay was founded in 2014 and raised its 1st funding round 3 years after it was founded.

Where is WayPay located?

WayPay is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.

Who is the current CEO of WayPay?

Roberto Ramesar is the current CEO of WayPay. They have also founded this company.

What does WayPay do?

WayPay was founded in 2014 in Toronto, Canada, within the fintech sector. A platform is provided for B2B payments, encompassing accounts payable solutions, credit card processing, cross-border transfers, and concierge support. Businesses are enabled to integrate existing bank accounts and credit cards for online payments. Operations serve major clients including Deloitte, FedEx, and Bell, with the domain waypay.ca utilized.

Who are the top competitors of WayPay?

WayPay's top competitors include Tipalti, Payment Source and Jetpay.

Who are WayPay's investors?

WayPay has 2 investors. Key investors include RBC Royal Bank, and 500 Global.

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