PaymentEvolution - About the company
PaymentEvolution is a funded company based in Toronto (Canada), founded in 2008 by Sam Vassa. It operates as a Cloud payroll and payments. The company has 1038 active competitors, including 112 funded and 89 that have exited. Its top competitors include companies like Gusto, Payflow and PagarBook.
Company Details
PaymentEvolution provides online, secure, cost-effective payroll and payment services to small and mid-sized businesses across Canada for a little or no cost. Its online payroll to accurately pay user's staff on-time with all source deductions including CPP, EI, taxes and more, custom pay rules for deductions, benefits and earnings, records of employment, year-end tax slips T4, T4A, RL-1 and summaries. Paychequer allows employees to access payslips and pay statements. Business Payments allows user to make direct bank-to bank transfers to vendors and suppliers.
- Website
- paymentevolution.com
- Social
- Email ID
- *****@paymentevolution.com
Key Metrics
Founded Year
2008
Location
Toronto, Canada
Stage
Funding Raised
Ranked
156th among 1038 active competitors
Employee Count
58 as on May 31, 2026
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PaymentEvolution's funding and investors
PaymentEvolution is a funded company.
PaymentEvolution's founders and board of directors
Founder? Claim ProfileHere are the details of PaymentEvolution's key team members:
- Sam Vassa: Co-founder, Chairman and CEO of PaymentEvolution.
PaymentEvolution's Board of Directors
PaymentEvolution's board has 1 active member. Michel Van Leeuwen is independent board member.Here is the list of PaymentEvolution's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Independent board member | - | Current | 16y 1m |
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PaymentEvolution's employee count trend
PaymentEvolution has 58 employees as of May 26. Here is PaymentEvolution's employee count trend over the years:
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PaymentEvolution's Competitors and alternates
Top competitors of PaymentEvolution include Gusto, Payflow and PagarBook. Here is the list of Top 10 competitors of PaymentEvolution, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Gusto 2012, San Francisco (United States), Series E | Provider of a cloud-based platform offering payroll, benefits, and HR solutions | $718M | 83/100 | |
2nd | Online financial services platform for on-demand pay and savings | $41.3M | 77/100 | ||
3rd | Provider of staff attendance, payroll and biometric attendance tools for small to medium enterprises | $24.8M | 75/100 | ||
4th |  PayScale 2002, Seattle (United States), Acquired | Offers payroll compensation management software | $118M | 74/100 | |
5th |  Earnin 2012, Palo Alto (United States), Series C | Provider of a platform for accessing earned wages and financial tools | $190M | 72/100 | |
6th |  Yonder 2020, London (United Kingdom), Series B | Online platform to discover & book outdoor tours | $81.4M | 72/100 | |
7th |  Argyle 2018, New York City (United States), Series B | Provider of tools for workforce database | $111M | 71/100 | |
8th |  Zenefits 2013, Tempe (United States), Acquired | Cloud-based platform for HR and payroll management solutions | $598M | 69/100 | |
9th |  Pinwheel 2018, New York City (United States), Series B | Cloud-based payroll API solution for enterprises | $84M | 68/100 | |
10th | Multiplier 2020, Singapore (Singapore), Series B | Cloud-based payroll and compliance platform provider | $77.2M | 67/100 | |
156th | PaymentEvolution 2008, Toronto (Canada), Funding Raised | Cloud payroll and payments | - | - | 34/100 |
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PaymentEvolution's Investments and acquisitions
PaymentEvolution has made no investments or acquisitions yet.
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