London, ON – September 23, 2022: Paystone is pleased to announce it placed on The Globe and Mail’s fourth-annual ranking of Canada's Top Growing Companies. The growing fintech company sits at No. 163 (of 430 companies) on the 2022 Report on Business ranking of Canada’s Top Growing Companies. The ranking of Canadian companies is based on three-year revenue growth. Paystone earned its spot with three-year growth of 276%.
“We are very thrilled to have Paystone on the list of Canada’s Top Growing Companies every year since the launch of this elite ranking by The Globe and Mail,” says Tarique Al-Ansari, Founder & CEO of Paystone Inc. “What I am more proud of is the fact that this team continued this level of growth while maintaining a healthy level of profitability, this is what we call sustainable growth”.
Canada’s Top Growing Companies is an editorial ranking by The Globe and Mail that was launched in 2019. It aims to celebrate the boldest entrepreneurial achievement by identifying and bringing the accomplishments of innovative businesses in Canada to the forefront. In total, 430 companies earned a spot on this year’s ranking.
Paystone’s continued growth can be attributed to the persistence of a high-performing team, who are centred around and dedicated to the success of its clients. The year-over-year growth is a strong signifier of Paystone’s resiliency, which clients and partners alike can feel confident about.
“Canada's Top Growing Companies recognizes the tremendous ambition and innovation of entrepreneurs in Canada," says Dawn Calleja, Editor of Report on Business magazine. “The next generation of Canadian businesses can draw inspiration from this ranking.”
“In an uncertain world, the success stories of the companies marked in this year’s Report on Business magazine’s list of Top Growing Companies are a beacon of optimism,” says Phillip Crawley, Publisher and CEO of The Globe and Mail. “The Globe and Mail congratulates them on their achievements.”
The full list of 2022 winners along with editorial coverage is published in the October issue of Report on Business magazine. The list is out now and available online here.
Paystone is a leading North American payment and software company redefining the way merchants engage their customers and grow their businesses. The company's suite of automated payment processing, customer loyalty programs, gift card solutions, and reputation marketing software is used by brands such as Irving Oil, The Source, Global Pet Foods, Kernels Popcorn, and many of the MTY Food Group's restaurant brands. Paystone's solutions are used at over 35,000 locations across Canada and the United States which collectively process over 10 billion dollars a year in bankcard volume. The fintech company employs over 200 employees and serves as the technology partner of choice for hundreds of partners across North America.
About The Globe and Mail
The Globe and Mail is Canada’s foremost news media company, leading the national discussion and causing policy change through brave and independent journalism since 1844. With our award-winning coverage of business, politics and national affairs, The Globe and Mail newspaper reaches 5.9 million readers every week in our print or digital formats, and Report on Business magazine reaches 2.3 million readers in print and digital every issue. Our investment in innovative data science means that as the world continues to change, so does The Globe. The Globe and Mail is owned by Woodbridge, the investment arm of the Thomson family.