Paystone logo
Founded 2009

Paystone

2021 Revenue

$6.8M

YOY

Funding

$78.6M

How Paystone hit $6.8M in Revenue with 300K Customers in 2021.

About Paystone

Provider of credit and debit card processing systems. The company provides in-store, wireless and online merchant services for businesses in London, Ontario.

Monthly Revenue

$567.0K

Total Expenses

$567.0K

=
Net Income

$0.0

Ebidta Margin

0.00%

+
YOY Growth

=
Rule of 40

0


Headquarters

3200 Wonderland Road South LondonOntarioCanada
$Funding$Revenue

Paystone Revenue

In 2021, Paystone revenue run rate hit $6.8M in revenue.

$6.8M

Paystone Valuation and Funding History

Paystone has raised a total of $78.6M.

Why are so many SaaS founders taking money from Founderpath.com instead of VC's?
Funding DateRoundAmountTotalValuation
07/23/2021Venture Round$23.8M
01/21/2021Private Equity Round$54.7M

Customers

Paystone has 300K customers.

Lifetime Months

×
Monthly ARPU

=
Lifetime Dollars


Acquisition Cost

Average Annual Price

$0$0.0024681012

Churn

Paystone has an annual churn rate of 0.00%

Churn vs Expansion

-100-500%50100
Gross Annual Dollar Churn

-0.00%

Annual Dollar Expansion

0.00%

Net Revenue Retention

0.00%

Team

Employees

Paystone has 95 employees. They have 18 sales reps that carry a quota They have an engineering team of 15. and a marketing team of 5.

2021
DistributionQty

Total Team Size

95

Engineers

15 (16%)

Sales

18 (19%)

Marketing

5 (5%)

CEO/Founder

Tarique Al-Ansari

Tarique Al-Ansari, or “T”, is one of those elusive university dropout success stories. He moved to Canada with his family at the age of 19, where he studied software engineering at Western University in London, Ontario. In his third year at school, T called it quits to co-found the region’s first online food court. Working through the restaurant delivery process drew his attention to the challenges small business owners face when accepting electronic payments, and thus Zomaron was born in 2009. Over a decade later the award-winning company evolved into Paystone. The company is now a leading provider of payment processing and customer engagement solutions, has 25,000 merchant locations, employs 150+ nationwide and processes over $6B in annual bankcard volume.


CEO Q&A

What's your age?

-

Favorite online tool?

-

Favorite book?

-

Favorite CEO?

-

Advice for 20 year old self

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Frequently Asked Questions about Paystone

When was Paystone founded?

Paystone was founded in 2009.


Who is the CEO of Paystone?

The CEO of Paystone is Tarique Al-Ansari


How many employees does Paystone have?

Paystone has 95 employees.

How much revenue does Paystone generate?

Paystone generates $6.8M in revenue.


How much funding does Paystone have?

Paystone has raised $78.6M.


Where is Paystone headquarters?

Paystone is headquartered at 3200 Wonderland Road South LondonOntarioCanada

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