Finch has raised a $15 million Series A, led by Menlo Ventures, alongside General Catalyst, Bedrock, Y Combinator, and Sempervirens. The round was also supported by founders and executives from Gusto, ADP, Namely, Justworks, Workday, and other employment providers.
“The pandemic accelerated our business and caused several shifts in the employment sector. More than $12.3 billion was invested into global HR tech in 2021,” Zhang said. “Finch is powering benefits providers that help employers offer alternative retirement plans, mental health benefits, commuter reimbursements, financial wellness programs, and even climate change benefits. [We’ve] teamed up with hybrid workforce management platforms, business registration services, and procurement and expense tools that help employers create more flexible work environments for their employees. [And we] work with learning management systems, onboarding, and professional training platforms to help employers invest in their workforce for the long term.”
Finch is an “API for employment systems.” The platform acts as a connectivity layer for over 140 employment systems, letting apps and services such as Gusto, Justworks, Zenefits, and ADP access employment data stored in disparate systems.
The goal in the coming months is to expand Finch’s support for systems beyond those that manage benefits, recruiting and staffing, time and attendance, and employee identity.
Announcement: Finch Raises $15M for Employment Connectivity