When was Paystone founded?

Paystone was founded in 2009 and raised its 1st funding round 12 years after it was founded.

Where is Paystone located?

Paystone is headquartered in London, Canada. It is registered at 3200 Wonderland Road South, London.

How many employees does Paystone have?

As of Apr 30, 2026, the latest employee count at Paystone is 177.

Is Paystone a funded company?

Paystone is a funded company, having raised a total of $99M across 3 funding rounds to date. The company's 1st funding round was a $***** Series C round, raised on Jan 21, 2021.

When was the latest funding round of Paystone?

Paystone's latest funding was a $***** Series C round on Jul 23, 2021, with participation from 1 investor. Its primary sector is Payments. In Canada, the Payments sector has seen $10.2M in funding in 2026 to date.

Where does Paystone rank among its competitors?

Paystone ranks 28th amongst 275 active competitors, of which 34 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was PayU, which secured $35.1M in Jul, 2025.

Who are the top competitors of Paystone?

Paystone's top competitors include PayU, Flutterwave and Lightspeed. Among them, PayU secured the most recent funding round in July, 2025.

Paystone - 2026 Company Profile, Team, Funding & Competitors

Company Details

Provider of payment processing solutions, terminals, and point of sale systems. The company offers in-person payment terminals, online checkout options, and virtual terminals. It also provides invoicing, payment pages, and recurring payment services. The business delivers tools for managing inventory and customer interactions.

Website: www.paystone.com/
Social
Email ID: *****@paystone.com
Phone Number: +1 **********
Registered Address: 3200 Wonderland Road South, London

Key Metrics

Founded Year

2009

Location

London, Canada

Stage

Series C

Total Funding

$99M in 3 rounds

Latest Funding Round

Series C, Jul 23, 2021, $*****

Investors

National Bank of Canada & 2 more

Ranked

28^th among 275 active competitors

Employee Count

177 as on Apr 30, 2026

Investment & Acquisitions

Ackroo & 5 more

Similar Companies

Stripe & 5046 more

View Paystone's full profile

Paystone is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Paystone Inc. CIN: 12783274 , Canada, Active	Mar 01, 2021	-	-	-

Paystone has raised a total funding of $99M over 3 rounds. Its first funding round was on Jan 21, 2021. Its latest funding round was a Series C round on Jul 23, 2021 for $*****. 1 investor participated in its latest round. Paystone has 3 institutional investors.

Here is the list of recent funding rounds of Paystone:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 23, 2021	1225507	Series C	4028551	5327242	4291244	9284965
Jan 21, 2021	8196181	Conventional Debt	2169185	9109089	2492034	National Bank of Canada & 1 more
Jan 21, 2021	9292490	Series C	2990460	7656084	Canadian Business Growth Fund & 1 more	9879531

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View details of Paystone's funding rounds and investors

Here are the details of Paystone's key team members:

Tarique Al-Ansari: CEO of Paystone. They serve on the board of 1 company.
Contact Info: 1 email address

Paystone's Board of Directors

Paystone's board has 2 active members. Abdullah Saab and Tarique Al-Ansari are independent board members.

Here is the list of Paystone's board of directors:

Name	Type	Representing	Status	Duration
Abdullah Saab	Independent board member	-	Current	2y 4m
ao{nfew	Independent board member	-	Current	2y 2m

View details of Paystone's Founder profiles and Board Members

Paystone's employee count trend

Paystone has 177 employees as of Apr 26. Here is Paystone's employee count trend over the years:

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Top competitors of Paystone include PayU, Flutterwave and Lightspeed. Here is the list of Top 10 competitors of Paystone, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	PayU 2002, Amsterdam (Netherlands), Series C	Provider of online payment solutions and financial services for businesses	$35.1M	Naspers, Prosus & 5 others	84/100
2nd	Flutterwave 2016, San Francisco (United States), Series D	Provider of payment solutions for online and physical business transactions	$489M	Greycroft, Tiger Global Management & 71 others	83/100
3rd	Lightspeed 2005, Montreal (Canada), Public	Provider of point of sale and payment platform for businesses	$292M	CDPQ, Inovia Capital & 8 others	79/100
4th	ACI Worldwide 1975, Omaha (United States), Public	Process and manage digital payments	-	ABS Capital, Starboard Value & 2 others	73/100
5th	Nuvei 2003, Montreal (Canada), Acquired	Provider of payment solutions, risk management, and banking and issuing services	$322M	Novacap, Goldman Sachs & 7 others	72/100
6th	Cegid 1983, Lyon (France), Late Stage	Provider of cloud-based management solutions for retail, finance, tax, and HR	$900K	Silver Lake, Loka Capital & 10 others	69/100
7th	First Data 1971, Atlanta (United States), Acquired	Payments processing service provider	-	Stone Point Capital, W Capital Partners & 3 others	63/100
8th	KUBRA 1992, Tempe (United States), Acquired	AI-based billing and payment solutions for businesses	$13M	BMO, Clairvest	62/100
9th	Helcim 2006, Calgary (Canada), Series B	Provider of end-to-end payment solutions for businesses	$32.7M	Information Venture Partners, Aquiline Capital Partners ... & 10 others	62/100
10th	Equiniti 2002, Lancing (United Kingdom), Acquired	Provider of financial technology and payment processing solutions	-	Strategic Equity Capital, Riverside	60/100
28th	Paystone 2009, London (Canada), Series C	Provider of payment processing solutions, terminals, and point of sale systems	$99M	National Bank of Canada, Credit Mutuel Equity ... & 1 others	46/100

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Paystone has not made any investments yet. Paystone has made 6 acquisitions.

Here is the list of latest three $acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Dec 12, 2024	Acquisition	Ackroo	2012	Ottawa (Canada)
Jan 26, 2022	Acquisition	CPS	2010	New York City (United States)
Oct 13, 2021	Acquisition	NiceJob	2015	London (Canada)