Where is Paylution located?

Paylution is headquartered in Vancouver, Canada.

Is Paylution a funded company?

Paylution is a funded company, having raised a total of $***** in its 1st and only funding round.

Where does Paylution rank among its competitors?

Paylution ranks 14th amongst 24 active competitors, of which 4 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Jeeves, which secured $100M in Dec, 2025.

Who are the top competitors of Paylution?

Paylution's top competitors include Mogo, Jeeves and KOHO. Among them, Jeeves secured the most recent funding round in December, 2025.

Paylution - 2026 Company Profile & Competitors

Company Details

Paylution offers a corporate payout portal to businesses. The user accounts has to be generated by the businesses. Once an account is generated for the payee, he/she can visit the link to update his/her details, view transactions etc. One can also order a prepaid card linked to the account. The accounts are recharged only via commission payments.

Website: www.paylution.com/hw2web/landing.xhtml?faces-redirect=true&refreshme=true
Social
Email ID: *****@paylution.com

Key Metrics

Founded Year

2009

Location

Vancouver, Canada

Stage

Unfunded

Ranked

14^th among 24 active competitors

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Paylution has not raised any funding rounds yet.

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Top competitors of Paylution include Mogo, Jeeves and KOHO. Here is the list of Top 10 competitors of Paylution, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Mogo 2008, Vancouver (Canada), Public	Provider of an app-based platform for consumer loans and debt management solutions	-	Advantas Capital Ventures, TELUS Ventures ... & 7 others	80/100
2nd	Jeeves 2019, New York City (United States), Series C	Digital company offering payment and corporate financial cards	$380M	CRV, GIC & 71 others	72/100
3rd	KOHO 2014, Toronto (Canada), Series D	Internet-first bank for individuals	$367M	Portage, Drive Capital & 25 others	70/100
4th	Keep 2019, Ottawa (Canada), Series A	Corporate cards and payment solutions for businesses	$23M	Tribe Capital, Liquid 2 Ventures & 8 others	50/100
5th	Electronic Funds Source 1996, Ogden (United States), Acquired	Corporate and fleet expense card solutions for businesses	-	Ardian	44/100
6th	Spend 1995, Toronto (Canada), Acquired	App-based multi-currency digital wallet	-	-	42/100
7th	Aya 2018, Toronto (Canada), Seed	Provider of employee prepaid cards for healthcare payments	$2.9M	MaRS Investment Accelerator Fund, Luge Capital ... & 6 others	40/100
8th	STACK 2016, Toronto (Canada), Acquired	Provider of digital financial management application and prepaid card	-	-	39/100
9th	Fintech Select 2017, Toronto (Canada), Public	Crypto financial solutions for consumers and businesses	-	-	31/100
10th	novaHSA 2019, Toronto (Canada), Unfunded	Prepaid cards for employee benefits	-	-	30/100
14th	Paylution 2009, Vancouver (Canada), Unfunded	Commission-based prepaid card	-	-	24/100