SparcPay Overview

  • Year Founded
  • 2019

Year Founded

  • Status
  • Private

  • Employees
  • 10

Employees

  • Latest Deal Type
  • Later Stage VC

  • Latest Deal Amount
  • $662K

  • Investors
  • 7

SparcPay General Information

Description

Developer of business transaction automating systems designed to eliminate friction in transactions for small and medium-sized enterprises. The company provides end-to-end digital accounts payable that makes it easy to get started with no monthly cost, while offering deep accounting integration to handle complex transactions, enabling businesses to reduce processing time, increase efficiency, and save money on the purchase order.

Contact Information

Website
www.sparcpay.com
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • 2 Robert Speck Parkway
  • Suite 750
  • Toronto, Ontario
  • Canada
+1 (514)
Primary Industry
Financial Software
Other Industries
Other Financial Services
Vertical(s)
Artificial Intelligence & Machine Learning, FinTech, B2B Payments
Corporate Office
  • 2 Robert Speck Parkway
  • Suite 750
  • Toronto, Ontario
  • Canada
+1 (514)

Want detailed data on 11M+ companies?

What you see here scratches the surface

Request a free trial

Want to dig into this profile?

We’ll help you find what you need

Learn more

SparcPay Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
4. Later Stage VC 14-Jun-2021 $662K Completed Generating Revenue
3. Accelerator/Incubator 16-Oct-2020 Completed Generating Revenue
2. Accelerator/Incubator Completed Generating Revenue
1. Accelerator/Incubator Completed Generating Revenue
To view SparcPay’s complete valuation and funding history, request access »

SparcPay Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of business transaction automating systems designed to eliminate friction in transactions for small and medium
Financial Software
Toronto, Canada
10 As of 2025

Toronto, Canada
 
Add Comparison

PitchBook’s comparison feature gives you a side-by-side look at key metrics for similar companies. Personalize which data points you want to see and create visualizations instantly.

Request a free trial

SparcPay Competitors (1)

One of SparcPay’s competitors is Plooto, a Venture Capital-Backed company based in Toronto, Canada.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Plooto Venture Capital-Backed Toronto, Canada
You’re viewing 1 of 1 competitors. Get the full list »

SparcPay Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

PitchBook’s non-financial metrics help you gauge a company’s traction and growth using web presence and social reach.

Request a free trial

SparcPay Investors (7)

Investor Name Investor Type Holding Investor Since Participating Rounds
Archangel Network of Funds Venture Capital Minority
Highline Beta Venture Capital Minority
MaRS Investment Accelerator Fund Venture Capital Minority
Verdexus Venture Capital Minority
Intuit Corporation Minority
You’re viewing 5 of 7 investors. Get the full list »

Ready to get started?

Request a free trial

SparcPay FAQs

  • When was SparcPay founded?

    SparcPay was founded in 2019.

  • Where is SparcPay headquartered?

    SparcPay is headquartered in Toronto, Canada.

  • What is the size of SparcPay?

    SparcPay has 10 total employees.

  • What industry is SparcPay in?

    SparcPay’s primary industry is Financial Software.

  • Is SparcPay a private or public company?

    SparcPay is a Private company.

  • What is SparcPay’s current revenue?

    The current revenue for SparcPay is .

  • How much funding has SparcPay raised over time?

    SparcPay has raised $682K.

  • Who are SparcPay’s investors?

    Archangel Network of Funds, Highline Beta, MaRS Investment Accelerator Fund, Verdexus, and Intuit are 5 of 7 investors who have invested in SparcPay.

  • Who are SparcPay’s competitors?

    Plooto is a competitor of SparcPay.

Data Transparency

  • Meet our data hygiene team

    Discover how our experts ensure you’re getting the most accurate financial data in the industry.

    Read more

  • How PitchBook sources data

    Our data operations team has logged over 3.5 million hours researching, organizing, and integrating the information you need most.

    Discover our process