PayPro Global
“Can a bootstrapped Canadian Merchant of Record hold ground against Paddle and FastSpring as SaaS founders increasingly outsource global tax and compliance?”
Founded2006
HQToronto, Ontario, Canada
FoundersMeir Amzallag, Tibor Madjar
Latest roundSecondary - Private
IndustryInfrastructure / Payments
The story
Founded 2006 as a software reseller for downloadable products, PayPro Global evolved into a full Merchant of Record for SaaS, software, and video game companies. The company acts as the legal seller — handling payment processing, global VAT/GST/sales tax, fraud, and compliance — competing directly with Paddle, FastSpring, and 2Checkout. It has grown organically rather than through venture rounds, remaining bootstrapped/founder-led with roughly $8.5M revenue and 60-80 employees across offices in Canada, US, UK, Ukraine, Romania, and Poland.
Last 12 months
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Product timeline
2006
PayPro Global founded in Toronto as a reseller / Merchant of Record for software and SaaS vendors.· founding
2016
Expanded MoR platform with global tax compliance, subscription management, and multi-currency checkout.· product
2020
Scaled to 3000+ businesses served with 70+ payment methods and 140+ currencies across 200+ regions.· product
2024
Positioned as a Stripe/Paddle/FastSpring alternative for SaaS, software, and video game companies selling globally.· product
Regulated entities
2
regulatory licences held by PayPro Global
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
1 layer disclosed in PayPro Global’s embedded-finance stack
Payments / PSP
PayPro Global (self-operated MoR)
Accounting gap: significant