Payworks Inc.

Payworks Inc. is a Canadian company that delivers payroll and human resource solutions, facilitating efficient workforce management for businesses across the country. Founded in 2000 and headquartered in Winnipeg, Canada, Payworks Inc. specializes in providing payroll and human resource management solutions.

The company has secured one investment round and raised a total of GBP 17. 00 mn in its latest round, Growth, from Hg on September 8, 2025. This investment is intended to support the company’s growth and enhance its product offerings. Payworks offers a comprehensive suite of payroll and human resources solutions aimed at improving workforce management for various businesses in Canada.

Their core offerings include payroll processing, human resources management, absence management, time management, and employee self-service tools. The company's solutions serve over 4,000 clients nationwide, which range from small businesses to large corporations, helping them efficiently manage employee data and comply with Canadian labor laws. Payworks markets its products primarily across Canada to address the specific needs of employers in different regions. Payworks operates on a B2B subscription model, where businesses pay for access to its payroll and HR solutions through annual contracts.

Clients subscribe to various service tiers, which include features such as absence management and time tracking. This structured approach provides clients with scalable and flexible solutions that adapt to their organizational requirements, ensuring smooth operational processes within their firms. In September 2025, Payworks Inc. is set to leverage the GBP 17.

00 mn investment from Hg to accelerate its growth, enhance product development, and expand its market presence across Canada. The company is focused on launching new products designed to improve payroll and HR management, although specific release dates have not been disclosed. With this investment, Payworks aims to further penetrate the Canadian market, addressing the evolving needs of businesses in various sectors.