Symmetrical.ai has raised $18.5 million in financing. The round was led by Target Global with the participation from Global Founders Capital, Finch Capital, Partech, Market One Capital and Inovo.
“Our bold ambition is to make payroll invisible,” said Piotr Smolen, CEO and co-founder. “We believe that 10 years from now, ‘payroll software’ will be eliminated from the dictionaries. We’re also extremely pleased to have investors like Target Global join us in carrying out this vision and helping us shape the future of payroll together.”
Symmetrical.ai offers a range of products such as payroll, onboarding, employee management, earned wage access (salary on demand) and employer of record
The company plans to use the proceeds to accelerate its expansion into new European and US markets to offer its services to franchises and enterprise clients, grow the team and further bolster its single-layer global API technology.
Announcement: Symmetrical.ai Raises $18.5M for Global Payroll