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.

How many employees does WayPay have?

As of May 31, 2026, the latest employee count at WayPay is 20.

Is WayPay a funded company?

WayPay is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Aug 08, 2017.

When was the latest funding round of WayPay?

WayPay's latest funding was a $***** Seed round on Aug 08, 2017, with participation from 1 investor. Its primary sector is Finance & Accounting Tech. In Canada, the Finance & Accounting Tech sector has seen $146M in funding in 2026 to date.

Where does WayPay rank among its competitors?

WayPay ranks 8th amongst 11 active competitors, only 1 of which is funded. Tipalti, which secured $200M in Sep, 2025.

Who are the top competitors of WayPay?

WayPay's top competitors include Tipalti, Jetpay and Ablii. Among them, Tipalti secured the most recent funding round in September, 2025.

WayPay - 2026 Company Profile, Team, Funding & Competitors

WayPay is an acqui-hired company based in Toronto (Canada), founded in 2014 by Robert Bast. It operates as a B2B payment solution. WayPay has raised an undisclosed amount in funding from 500 Global. The company has 11 active competitors, including 1 that is funded. Its top competitors include companies like Tipalti, Jetpay and Ablii.

Company Details

WayPay provides the platform for B2B payments. Offering includes account payable solution, credit card payments, cross-border payments, and concierge services. Businesses can access their existing bank accounts and credit cards in the platform and can make payments online. Major clients include Deloitte, FedEx, Bell etc.

Website: www.waypay.ca
Social
Email ID: *****@waypay.ca
Phone Number: +1 **********

Key Metrics

Founded Year

2014

Location

Toronto, Canada

Stage

Acqui-Hired

Latest Funding Round

Seed, Aug 08, 2017, $*****

Investors

500 Global & 3 more

Ranked

8^th among 11 active competitors

Employee Count

20 as on May 31, 2026

Similar Companies

Spendesk & 235 more

View WayPay's full profile

WayPay has raised funding over 1 round. Its latest funding round was a Seed round on Aug 08, 2017 for $*****. 1 investor participated in its latest round. WayPay has 4 institutional investors.

Here is the list of recent funding rounds of WayPay:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Aug 08, 2017	6840176	Seed	8034444	4762011	1523531	5668060

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View details of WayPay's funding rounds and investors

The founders of WayPay is Robert Bast.

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

Robert Bast: Co-Founder of WayPay.

View details of WayPay's Founder profiles and Board Members

WayPay's employee count trend

WayPay has 20 employees as of May 26. Here is WayPay's employee count trend over the years:

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Top competitors of WayPay include Tipalti, Jetpay and Ablii. Here is the list of Top 10 competitors of WayPay, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Tipalti 2010, Foster City (United States), Series F	Cloud-based procurement and invoice management solutions for businesses	$553M	Zeev Ventures, Durable Capital Partners & 24 others	73/100
2nd	Jetpay 2023, Victoria (Canada), Funding Raised	Invoice payment processing solution for businesses	-	-	35/100
3rd	Ablii 2019, Toronto (Canada), Unfunded	Business payment solutions	-	-	33/100
4th	SnapB2B 2019, Moncton (Canada), Funding Raised	Accounts payable orchestration solution for businesses	-	New Brunswick Innovation Foundation, Invest Nova Scotia ... & 1 others	32/100
5th	SparcPay 2018, Toronto (Canada), Funding Raised	Cloud-based vendor payment solution for businesses	-	Graphite Ventures, MaRS IAF & 2 others	31/100
6th	Ratio Payments 2021, Toronto (Canada), Funding Raised	Invoice payment to vendors with bill payment platform	-	TTV Capital, Better Tomorrow Ventures & 3 others	29/100
7th	Smart Payables 2005, Centennial (United States), Unfunded	Accounts payable payment solutions for businesses	-	-	27/100
8th	WayPay 2014, Toronto (Canada), Acqui-Hired	B2B payment solution	-	MaRS Discovery District, Commerce.Innovated ... & 2 others	27/100
9th	Alligato 2008, Vancouver (Canada), Funding Raised	Provider of operational monetization and FinTech software solutions	-	Varshney Capital	24/100
10th	Simplypay 2018, Vancouver (Canada), Unfunded	Bill payment and payables management solution for businesses	-	-	17/100