FundedIQ
Financial Services

Paystone: Funding, Investors & Team (Sep 2026)

Paystone is a provider of customer engagement services and electronic payment processing solutions for businesses of all sizes. The company’s seamlessly integrated suite of automated payment processing, customer loyalty, and gift card solutions helps merchants turn everyday transactions into meaningful customer interactions. Its secure, user-friendly solutions are used at over 25,000 merchant locations across Canada and the United States, collectively processing over $10 billion dollars a year in bankcard volume, including The ALDO Group, The Source, Booster Juice, Global Pet Foods, Kernels Popcorn, and 50 of the MTY Food Group's restaurant brands.

www.paystone.com LinkedIn London, Canada 51-100 employees
B2B Credit Financial Services Loyalty Programs Payments Software Transaction Processing
Total raised
$23.8M
Rounds
1
Latest
Undisclosed round
Jul 2021

Paystone has raised $23.8M across 1 funding round on record, the most recent an undisclosed round of $23.8M announced in Jul 2021.

That round is above the $14M median round size for Financial Services companies tracked on FundedIQ over the last two years.

Paystone Company Profile and Key Stats

Total funding raised
$23.8M
across 1 round on record
Funding rounds on record
1
Latest funding round
Undisclosed round
$23.8M in Jul 2021
Employees
51-100
reported band
Headquarters
London, Canada

Latest funding round on record: Jul 2021.

Paystone Funding Rounds

Date
Round
Amount
Undisclosed round
$23.8M

Paystone Founders and Leadership Team

Name
Role
Contact
Tarique Al-Ansari
CEO

No contact details are on record for this team yet.

Paystone Funding Compared to Other Financial Services Startups

Segment
Companies
Median round
3,090
$2.2M

Paystone's latest round of $23.8M is above the median round in Financial Services. Medians cover the last 24 months of disclosed rounds.

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Paystone Funding FAQs

What does Paystone do?

Paystone is a provider of customer engagement services and electronic payment processing solutions for businesses of all sizes. The company’s seamlessly integrated suite of automated payment processing, customer loyalty, and gift card solutions helps merchants turn everyday transactions into meaningful customer interactions. Its secure, user-friendly solutions are used at over 25,000 merchant locations across Canada and the United States, collectively processing over $10 billion dollars a year in bankcard volume, including The ALDO Group, The Source, Booster Juice, Global Pet Foods, Kernels Popcorn, and 50 of the MTY Food Group's restaurant brands.

How much funding has Paystone raised?

Paystone has raised $23.8M across 1 round on record. The most recent is an undisclosed round of $23.8M announced in Jul 2021.

When did Paystone last raise funding?

Paystone's most recent funding round on record is an undisclosed round of $23.8M, announced in Jul 2021.

Who is the CEO of Paystone?

Tarique Al-Ansari is listed as CEO at Paystone.

Where is Paystone headquartered?

Paystone is based in London, Ontario, Canada.

How many employees does Paystone have?

Paystone is in the 51-100 employee band.

How does Paystone's funding compare to other Financial Services startups?

Paystone's latest round of $23.8M is above the $14M median round size for Financial Services companies on FundedIQ across 5,746 tracked companies over the last two years.

About FundedIQ's Paystone Funding Data

FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.

Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Paystone is left off this page rather than filled in.

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