• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
Calgary.Tech

Calgary.Tech

 
 
  • Home
  • News
  • Events
  • Interviews
  • Thought Leaders
  • Techtalent.ca
  • About Us
  • Contact Us

ZayZoon Raises $46 Million to Expand Employer Engagement Platform

September 19, 2023 by Robert Lewis Leave a Comment

Calgary-headquartered Earned Wage provider ZayZoon has raised $46 million in a combination of debt and equity for its Employer Engagement Platform.

The Series B round was led by Framework Venture Partners, with co-investment from Export Development Canada (EDC) and participation from ATB Financial as well as existing shareholders.

The financing will support recruiting efforts and continued growth and innovation for the company.

“This financing will fuel our mission in being a true partner in financial health and workplace engagement to small and midsize businesses,” said Darcy Tuer, Co-Founder and CEO of ZayZoon. “Not only does ZayZoon act as a substantial competitive advantage for the business, but it helps the millions of Americans living paycheck to paycheck get by between paydays and plan for the future.”

With 63% of Americans living paycheck to paycheck, Earned Wage Access (EWA) provides employees with financial stability, and helps employers support increased financial education and wellness for their teams.

As an EWA provider designed to support the specific needs of SMBs, this funding will help support enhanced resources and features for employees, and for employers in industries like hospitality, retail, food service, and many others who are feeling the pinch from a continued worker shortage.

Year-over-year, ZayZoon has seen more than 400% growth in payouts, fueled by their substantial growth and expanding customer base.

With national popularity across franchisees and locations including Dunkin’, McDonald’s, and Amazon Warehouses, in addition to larger corporate customers like LIDS, ZayZoon has turned early momentum into widespread EWA adoption and sustained expansion.

Payout options and other features have also seen significant investment and expansion. Based on demonstrated demand for more flexibility of when and how customers can access their wages, ZayZoon has grown their list of payout options to include bank deposits, debit cards, and fee-free payout options like Instant Gift Cards, Gas Cards, and more.

ZayZoon’s list of corporate partners has also expanded significantly due to a strong focus on seamless integrations in existing payroll and HR infrastructure. In 2023, ZayZoon was notably named an ADP and PrismHR Marketplace Partner of the Year.

Filed Under: News Tagged With: ZayZoon

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

 
 

Stay Connected

  • LinkedIn
  • RSS
  • Twitter

Community Partners

Bulletin Board

Get Connected at Startup Grind Calgary’s LinkedIn Powerhouse

Startup Grind Calgary is hosting LinkedIn … [Read More...] about Get Connected at Startup Grind Calgary’s LinkedIn Powerhouse

Learn the Basics of Tech Startups with Platform’s Startup 101

If you’re an aspiring entrepreneur, have a … [Read More...] about Learn the Basics of Tech Startups with Platform’s Startup 101

Foresight 50 Applications Open Until June 30th

Foresight Canada is now accepting applications for … [Read More...] about Foresight 50 Applications Open Until June 30th

Energy Meets AI: Calgary Breakfast Gathers Leaders to Shape Alberta’s Digital Future

A select group of senior executives from Alberta’s … [Read More...] about Energy Meets AI: Calgary Breakfast Gathers Leaders to Shape Alberta’s Digital Future

WCD to Host Leadership Lunch in Calgary on AI-Driven Back-Office Innovation

Calgary business leaders are invited to a special … [Read More...] about WCD to Host Leadership Lunch in Calgary on AI-Driven Back-Office Innovation

Copyright © 2025 Incubate Ventures | Techtalent.ca · Techcouver.com · Decoder.ca · Fintech.ca · CleanEnergy.ca | Privacy