payd
Set For A Fruitful Future
6 min
May 10, 2021
About
Payd was founded by Jonathan Hillis, an entrepreneur with over 10 years of post-secondary industry experience. Over his career, Jonathan realized the immense financial stress students were bearing to pay for their education tuition and cost of living. The average student takes out $30,000 in student loans which takes most grads up to 15 years to pay off.

Our business started from over a decade’s passion of helping post-secondary students.
— Jonathan Hillis, CEO & Founder of Payd
To help alleviate these stressors, Jonathan created Payd, Canada’s first financial app developed to help students save and pay for their education without changing their spending habits. The platform utilizes 4 innovative approaches to help students save money: round-up savings, cash-back rewards, crowdsourcing program, and investment tools.
A Fruitful Future

Working with Goodlawyer was the best decision I ever made as they helped fix a lot of things in our corporate set up and now, we are set for a fruitful future.
— Jonathan Hillis, CEO & Founder of Payd
The Challenge
As with any starting entrepreneur, Jonathan needed legal expertise in many areas and relevant legal documents to ensure his company was set up for success in the future. Jonathan and his team explored many options to find the legal assistance they needed but none met their requirements as a new venture business.
“The templates were pretty cheap but didn’t fit what we needed, other platforms similar to Goodlawyer were more expensive and the specialized law firms were way out of budget.”
Not being able to find transparent and affordable legal assistance started to take a toll on Jonathan’s business development and mental health. “It was keeping me up at night and causing me a ton of stress.”
The Solution
Eager to find a solution that would meet his company’s specific needs, Jonathan reached out to his friends at Goodlawyer. He easily connected with one of our Legal Concierge™ and soon after he received a discount code to book a legal advice session with one of our highly experienced lawyers.
“I had my first consultation with a Goodlawyer lawyer regarding some Letter of Intent and Service Agreement documents. I have now worked with multiple lawyers on the platform and it's been an incredible experience. Goodlawyer has helped set up my start-up for success ensuring there is a forward-thinking approach to all our required legal documents.”
Jonathan was greatly appreciative of Goodlawyer’s transparent pricing as well. At Goodlawyer, you’ll always know what you are paying before you proceed, with fixed rates on legal services as low as half the national average.

Goodlawyer’s prices are upfront which helps us manage our cash flow which is super important in start-up life.
— Jonathan Hillis, CEO & Founder of Payd
The Result
Jonathan was able to draft the legal documents and receive the legal expertise he needed to grow his company. And most importantly, he was able to do so at an affordable price.
“Goodlawyer helped me feel excited and relieved knowing the business is protected and that we are ready for the bright future we have ahead of us.”
After reflecting on his experience with Goodlawyer, Jonathan has provided the following sentiment for other curious business owners:

I would say Goodlawyer is legit and you need to try them out. The best part is being able to pull from different areas of expertise from one place is a huge benefit. It takes the guesswork out of the research process when looking for not just a good lawyer but a great lawyer.
— Jonathan Hillis, CEO & Founder of Payd
The Good Lawyers
Jonathan has collaborated with several experienced lawyers on our platform, but the two he has been working with the most are Carter and Alex.

They have been fantastic and really care about helping us out. The advice and the consultations have been incredible as we learn more about the legal processes of starting a business.
— Jonathan Hillis, CEO & Founder of Payd

Alex Koch
Alex specializes in corporate structure, intellectual property, and compliance with privacy and anti-spam regulations across a wide array of industries like health and wellness, food and beverage, virtual reality, artificial intelligence, pet care, and all kinds of tech.

Carter Perks
Carter specializes in private equity and venture capital, bars, restaurants and food, marketplace and SaaS.