Payslip, an Irish payroll automation startup, has raised 2.7 million euros—the equivalent of about $2.9 million U.S. dollars—in an oversubscribed Series A funding round. The round was led by Frontline Ventures, an early-stage B2B venture capital ﬁrm based in Dublin. HBAN Bloom Equity, Tribal VC and Enterprise Ireland HPSU also participated in the round.
Speaking on the investment, Payslip CEO and Founder, Fidelma McGuirk said: “We are excited by this Series A funding from our investment partners. Payslip Global Payroll platform has already become a critical technology, enabling our clients’ business growth, we see this as they expand year on year. Our plan is to be the automation and integration technology partner of choice for global payroll management among multi-national employers with a techled and digital growth mindset. This Series A funding will enable us to scale our team and have increased market impact.
With Covid19 sharpening employer minds, Payslip’s role as Global Payroll Business Continuity Technology has become clear. It’s a great opportunity for global employers to standardize global payroll to ensure future efficiency and scalability, as well as immediate business continuity.”
Payslip’s technology is designed to allow multinational employers to automate and integrate global payroll management. Payslip technology integrates with HCM & Accounting/ERP systems: automating payroll processes, standardizing payroll data and consolidating payroll reporting. Companies can centrally manage their global payroll operations with visibility, control and governance while scaling easily into new countries.
Announcement: Payslip Raises Nearly $3M to Automate Global Payroll