Payworks announces strategic investment from Hg | Hg
Summary
Payworks announced a strategic investment from Hg to accelerate its growth and product development. The company will use the partnership to expand its presence across the Canadian human capital management market. Payworks said its operations in Canada will remain unchanged while it continues serving more than 40,000 businesses. Hg highlighted Payworks' strong customer satisfaction and its fit with Hg's software scaling expertise.
Funding
Amount
$23.0M
Total raised
Date
September 8, 2025
Announcement date
Investors
Hg
Lead investors
Company
https://www.payworks.ca/
Funded company
Classifications
industries
No industries detected
applications
Accounting and Taxes
AskAI Classifications
Labels
Payroll Software
Human Resources Software
Workforce Management Software
Linked Companies
Payworks Inc.
$50M to $100M