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PaymentEvolution provides easy to use, secure online payroll, payments HR, and benefits management services to small and mid-sized businesses across Canada. Accountants, CPA firms and financial institutions rely on us for payroll expertise and services for their clientele. We’re bringing innovation and simplicity back into the payroll market – from new ways to pay your employees to our open developer program. We’re making it easier for you to process your payroll and give your employees a great experience with their pay slips. PaymentEvolution is privately held and operates from Toronto, Ontario. Our founders have decades of experience in software development, the financial industry and delivering innovative solutions. We are focused on empowering businesses and making complex processes like payroll simple.

Website https://paymentevolution.com
Revenue $7 million
Employees 56 (46 on RocketReach)
Founded 2008
Address 2600 Skymark Ave, Building 1, Unit 200, Mississauga, Ontario L4W 5B2, CA
Phone (647) 776-7600
Technologies
Industry Financial Services, Accounting & Accounting Services, Accounting, Payroll services, Business Services, Cloud Based Financial Services, Professional Services, Payments, Human Resources, Mission Critical Business Payments, SaaS, Software
Web Rank 401824
Web Visits 103520
Keywords Payroll Software, Payroll Services, Payroll Solutions, Online Payroll, Payroll Management, Payment Processing, Small Business Payroll, Secure Payments, Payment Solutions, Online Payments, Hr Software, Human Resources, Midsize Business Payroll, Benefits Management, Benefits Administration, Employee Benefits, Hr Solutions
Competitors Intuit, Adyen, Xero, PayPal, Stripe, Chargebee, Square, FreshBooks, Braintree, Authorize.net +36 more (view full list)
SIC SIC Code 87 Companies, SIC Code 872 Companies
NAICS NAICS Code 54 Companies, NAICS Code 541 Companies, NAICS Code 54121 Companies, NAICS Code 5412 Companies

PaymentEvolution Questions

The PaymentEvolution annual revenue was $7 million in 2026.

Sam Vassa is the Co-founder, Chairman and CEO of PaymentEvolution.

46 people are employed at PaymentEvolution.

PaymentEvolution is based in Mississauga, Ontario.

The NAICS codes for PaymentEvolution are [54, 541, 54121, 5412].

The SIC codes for PaymentEvolution are [87, 872].

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