2024 Revenue
$1.3M
Customers
1K
Funding
$0
YOY
18%
Avg ACV
$1.3K
Team
9
Founded
2015
How Knit People CEO Elliot Ngai grew to $1.3M revenue and 1K customers in 2024.
Developer of a payroll automation software designed to make every payroll fast, intuitive and completely worry-free. The company's platform offers features such as payroll processing and management, defending CRA audits, human resource consulting and others, enabling businesses to easily manage and automate their payroll, human resource and benefit services, permitting them to save time.
Last updated
Knit People Revenue
In 2024, Knit People's revenue reached $1.3M. The company previously reported $1.1M in 2023. Since its launch in 2015, Knit People has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | Knit People Hit $1.3m revenue in October 2024 | |
| 2023 | Knit People Hit $1.1m revenue in October 2023 | |
| 2021 | Knit People Hit $921.2k revenue in April 2021 | |
| 2015 | Launched with $0 revenue |
Knit People Valuation, Funding Rounds
Knit People is a bootstrapped Payroll Software startup. Founded in 2015, Knit People has grown to $1.3M in revenue without raising any venture capital or outside funding.
As a self-funded Payroll Software SaaS company, Knit People has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|
Founder / CEO
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
Knit People serves 1K customers.
Knit People Employees & Team Size
Knit People employs approximately 9 people as of 2026. It serves 1K customers that rely on its solutions.
| Year | Milestone |
|---|---|
| 2024 | Reached 9 employees (October 2024) |
| 2023 | Reached 9 employees (October 2023) |
| 2022 | Reached 7 employees (October 2022) |
| 2021 | Reached 9 employees (December 2021) |
| 2021 | Reached 11 employees (April 2021) |
Frequently Asked Questions about Knit People
What is Knit People's revenue?
Knit People generates an estimated $1.3M in annual revenue.
Who founded Knit People?
Knit People was founded by Elliot Ngai.
Who is the CEO of Knit People?
The CEO of Knit People is Elliot Ngai.
How much funding does Knit People have?
Knit People is bootstrapped and has not raised outside funding.
How many employees does Knit People have?
Knit People has 9 employees.
Where is Knit People headquarters?
Knit People is headquartered in Toronto, Ontario, Canada.
Compare Knit People to the industry
Knit People operates across multiple industries. Browse revenue, funding, and growth data for Knit People in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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