Wagepoint seeded with $2 mln to advance online payroll solutions
Wagepoint has raised US$2 million in seed-stage financing. The round was led by Canadian venture capital firm Extreme Venture Partners, and was joined by the Business Development Bank of Canada (BDC), Atlantic Canada Opportunities Agencies (ACOA) and several Canadian and U.S. angel investors. Wagepoint, which has developed an online payroll platform that assists small businesses in automating and simplifying payroll processes, said the funding will help accelerate its penetration into the U.S. market and enhance its product portfolio. The company currently serves nearly 700 North American customers from its offices in Waterloo, Halifax and New York.
9 December 2014•4 mins read
