Wagepoint, a provider of payroll and HR software for small businesses, is appointing a new chief executive officer, the Canadian fintech announced recently.
Founded in 2012, Wagepoint serves over 25,000 small businesses, accountants, and bookkeepers across Canada.
In August, Ben Richmond is slated to take over Alberta’s Wagepoint as Chief Executive Officer.
“I’m honored to join Wagepoint at such an exciting time,” Richmond remarked. “I look forward to working with our teams, accountants, and bookkeepers to deliver even greater value and delight to our customers.”
Richmond, who will also join the Calgary company’s Board of Directors, has over 15 years of leadership experience in the fintech space, including as a former Managing Director at Xero.
His appointment at Wagepoint comes “at a pivotal moment” as the fintech firm rolls out the next generation of its popular payroll platform.
“Small businesses are the backbone of the economy, and Wagepoint has built a strong foundation with its simple, human-focused payroll solutions,” says Richmond. “With my experience across SMBs, payments, and go-to-market strategy, I’m excited to help lead the next stage of growth as we scale the digitization of Canadian small business.”
Wagepoint fintech is backed by PSG, a growth equity firm established in 2014 that partners with software companies to capitalize on strategic opportunities.
“Ben’s experience serving small businesses and accounting firms makes him an ideal leader for Wagepoint’s next stage of growth,” believes Rick Essex, Managing Director at PSG Equity. “We believe his track record of expanding markets by delivering exceptional client value is well established, and his deep familiarity with the Canadian landscape makes him a natural fit.”
Richmond succeeds interim CEO Bill Hewitt, who will remain on the Board of Directors.
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