Company Overview

Paystone is a leading provider of secure, user-friendly customer engagement solutions that help North American businesses of all sizes turn everyday transactions into meaningful customer interactions. The company’s seamlessly integrated suite of automated payment processing, customer loyalty, and gift card solutions is used by brands such as The ALDO Group, The Source, Booster Juice, Global Pet Foods, Kernels Popcorn, and 50 of the MTY Food Group’s restaurant brands. Paystone’s solutions are used at over 25,000 locations across Canada and the United States which collectively process over 10 billion dollars a year in bank-card volume. The fintech company employs 150 employees and works with over 100 sales partners across Canada. Visit www.paystone.com for details.

Core products & services

Paystone is a leading North American provider of seamlessly integrated payment processing, customer loyalty, and gift card solutions.



Industry:

professional servicesProfessional Services

Company founded in:

2009

TechAlliance member since:

2018


Key Personnel

Tarique Al-Ansari, Co-Founder and Chief Executive Officer

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.

 

Abdullah Saab, Co-Founder and Chief Operating and Financial Officer

Abdullah Saab is the numbers and strategy behind Paystone. He graduated from the Ivey School of Business in 2008 with an HBA in Finance and Administration then co-founded the online food court with his friend, Tarique, leading to 2019 where the duo launched Paystone. Saab assists T in overseeing the company’s high-level operations, advancing us onto the Growth 500 and Canada’s Great Places to Work rosters. Besides spearheading the finance team as CFO, he also leads Paystone’s aggressive expansion and acquisitions growth strategy. He grew up in the Greater Toronto Area, and now lives in London, Ontario along with his wife and two sons.

 

You may not know…

  • Paystone’s headquarters are in London, Ontario, and Montreal, Quebec
  • Over 25,000 locations across Canada and the U.S. use our solutions
  • We employ over 150 people

 

In the news

Zomaron Acquires DataCandy and Rebrands as Paystone to Become North American Powerhouse in Customer Engagement Solutions

 

Awards & Nominations

  • Globe and Mail Report on Business 2019 Canada’s Top Growing Companies
  • GROWTH 500 Canada’s Fastest Growing Companies
  • Great Place To Work Best Workplaces in Canada