Payslip Raises €8.3M for Expansion

/ / Payslip Raises €8.3M for Expansion

Payslip, a Westport, Ireland-based automation and integration technology platform for global payroll management, closed an additional €8.3M to its Series A financing round. The round was led by MiddleGame Ventures and Mouro Capital with participation from Frontline Ventures, Tribal.vc, investors David Clarke, former CTO of Workday; Brian Williams- Co-Founder of One Source Virtual; and Phil Chambers, CEO and Co-Founder of Peakon.

Led by Fidelma McGuirk, CEO, Payslip provides Automation & Integration technology that delivers standardized Global Payroll Management to multinational employers. The technology integrates with HCM & Accounting/ERP systems automating payroll processes, standardizing payroll data and consolidating payroll reporting.

“Companies with high growth international expansion need a flexible global payroll management system to onboard countries quickly and provide multi-country reporting, so their leadership can make smart FDI decisions,” says McGuirk. “Covid travel restrictions, in-country business continuity requirements, and increased WFH acceptability have turbocharged international hiring and country expansion. Payslip customers use our technology to grow quickly into new countries, deliver a unified employee self-serve experience globally and, most importantly, to have real-time insights via the reporting available on Payslip around payroll costs, operational delivery and vendor performance.”

Payslip plans to leverage this additional funding to expand its product roadmap to include enhanced payroll, benefits & employee payroll personalization, greater zero touch automation & validation, and last mile global payments & benefits integration.

Announcement: Payslip Raises €8.3M for Expansion