Paystone logo
Founded 2009


2021 Revenue





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.

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YOY Growth

Rule of 40



3200 Wonderland Road South LondonOntarioCanada

Paystone Revenue

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


Paystone Valuation and Funding History

Paystone has raised a total of $78.6M.

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


Paystone has 300K customers.

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Paystone has an annual churn rate of 0.00%

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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.


Total Team Size



15 (16%)


18 (19%)


5 (5%)


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.


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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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