Wagepoint builds simple, intuitive online payroll software for small businesses and the accountants and bookkeepers who serve them. Founded in 2012, the company serves more than 12,000 small businesses across North America and operates as a fully-remote company. Wagepoint automates wage and tax calculations, payroll tax reporting and payments, and gives employees a secure portal to review pay history and direct deposits. The company plans to use new capital to continue product innovation, scale its go-to-market and customer-support organizations, and pursue strategic acquisitions. Wagepoint emphasizes user experience and affordable, easy-to-use software to reduce errors and save time for small businesses. The company has roots in Halifax and participated in Kitchener-Waterloo's Communitech HYPERDRIVE program. Wagepoint offers an online payroll solution that automates and simplifies payroll processing for small-business owners. Its platform supports direct deposit, payroll calculations, federal, state and local tax handling, 1099s, W2s and W3s, wage detail reports, new-hire reporting, additional deductions, contractor payments, additional incomes, and online paystubs. Launched in 2013 by CEO Shrad Rao, the company operates throughout Canada and all fifty US states and territories. It serves nearly 700 customers across industries including technology startups, retailers, consultants and service providers. Wagepoint plans to use new funding to accelerate penetration into the US market and to enhance its product portfolio. The company raised $2M in seed funding to support those initiatives.

Total raised

$12M

Funding rounds

2

Latest round

Equity

Latest activity

Sep 2020