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Provider of credit and debit card processing systems. The company provides in-store, wireless and online merchant services for businesses in London, Ontario.
Last updated
In 2024, Paystone's revenue reached $12.8M. The company previously reported $10.1M in 2023. Since its launch in 2009, Paystone has shown consistent revenue growth.
Paystone has not publicly disclosed its valuation. The company has raised $78.6M in total funding to date.
Paystone has raised $78.6M in total funding across 2 rounds, most recently a $23.8M Venture Round round in 2021.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2021 | Venture Round | $23.8M | - | - | |
| 2021 | Private Equity Round | $54.7M | - | - |
CEO
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.
| Question | Answer |
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| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Paystone serves 300K customers.
Paystone employs approximately 172 people as of 2026, down from 179 in 2023, including 35 sales reps that carry a quota. It serves 300K customers that rely on its solutions.
Paystone generates an estimated $12.8M in annual revenue.
Paystone was founded by Tarique Al-Ansari.
The CEO of Paystone is Tarique Al-Ansari.
Paystone raised $78.6M across 2 rounds.
Paystone has 172 employees.
Paystone is headquartered in London, Ontario, Canada.
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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2024 Revenue
$12.8M(Est.)
Customers
300K
Funding
$78.6M
Avg ACV
$43
Team
172
Founded
2009
| Year | Milestone | Source |
|---|---|---|
| 2024 | Paystone Hit $12.8m revenue in October 2024 | Estimated |
| 2023 | Paystone Hit $10.1m revenue in October 2023 | Estimated |
| 2021 | Paystone Hit $6.8m revenue in January 2021 | |
| 2009 | Launched with $0 revenue |
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 172 employees (December 2024) | |
| 2024 | Reached 179 employees (October 2024) | |
| 2023 | Reached 179 employees (October 2023) | |
| 2023 | Reached 172 employees (September 2023) | |
| 2023 | Reached 175 employees (January 2023) | |
| 2022 | Reached 181 employees (October 2022) | |
| 2022 | Reached 162 employees (January 2022) | |
| 2021 | Reached 144 employees (December 2021) | |
| 2021 | Reached 126 employees (August 2021) | |
| 2021 | Reached 95 employees (July 2021) | |
| 2021 | Reached 81 employees (January 2021) |
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