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Overview
Paidiem automates payroll, invoicing, time management, and financial reporting for businesses with a contingent workforce. It is an all-in-one SaaS platform that can integrate with existing systems or replace them, handling payroll, invoicing, time tracking, and reporting, and it offers on-demand pay to improve financial wellness. The platform connects with a company’s ecosystem to streamline workflows, reduce compliance risks, and minimize discrepancies, helping onboarding be quick. Its goal is to help businesses scale without bottlenecks by automating administrative tasks and maintaining accurate, compliant operations.
About PAIDIEM
Industries
Data & Analytics
Enterprise Software
Fintech
Financial Services
Company Size
1-10
Company Stage
Seed
Total Funding
$4.8M
Headquarters
Toronto, Canada
Founded
2019
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Simplify's Take
What believers are saying
- Paidiem's website was updated July 16, 2026, signaling an active product and sales motion.
- Its January 2026 Ownr partnership broadens distribution through business-formation and small-business channels.
- GreenSky's 2025 financing and financing access support customer adoption during staffing-agency cash crunches.
What critics are saying
- Ontario court ordered Paidiem wound-up on November 23, 2022; liquidation remains a major existential risk.
- Paidiem has raised only $3.18 million since 2019, limiting product, sales, and compliance capacity.
- Rippling, Deel, and DailyPay already own adjacent workforce-payroll workflows and distribution channels.
What makes PAIDIEM unique
- Paidiem bundles on-demand pay, payroll, invoicing, time, and reporting for contingent-workforce employers.
- Its 2026 platform promises zero-setup automation that replaces back-office workflows without system changes.
- Paidiem pairs software with financing, including a 2025 credit partnership exceeding $100 million.
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Funding
Total Funding
$4.8M
Below
Industry Average
Funded Over
3 Rounds
Industry standards
Benefits
Remote Work Options
Flexible Work Hours
Company News
Toronto-based Paidiem Payment Solutions, a provider of end-to-end solutions for the contingent workforce ecosystem, has raised seed financing.
The L-SPARK accelerator is welcoming 7 new startups to its portfolio of over 90 companies with the announcement of its 2021 fall cohort.
PAIDIEM is Hiring for 4 Jobs on Simplify!
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About PAIDIEM
Industries
Data & Analytics
Enterprise Software
Fintech
Financial Services
Company Size
1-10
Company Stage
Seed
Total Funding
$4.8M
Headquarters
Toronto, Canada
Founded
2019
PAIDIEM is Hiring for 4 Jobs on Simplify!
Find jobs on Simplify and start your career today