Payroll Integrations builds integrations that ingest employee census and payroll data from major payroll providers, converting it into structured data so employers can connect payroll with retirement, HSA and other benefit plans. The company operates as an integration platform-as-a-service focused on enterprise benefits automation rather than a developer-first tool. Its proprietary technology connects with payroll and 401(k) providers such as ADP, Paychex, Empower and Transamerica. Payroll Integrations processes about 1 million employee benefits annually across over 4,000 companies and tripled revenue in the past year while operating on a bootstrap budget. The team plans to expand product features, build a software development kit for a more automated experience, and create a compliance platform for third-party administrators to work with the Department of Labor and IRS. Management also intends to grow headcount by roughly 50% in the next year to support product and operational expansion.

Total raised

$20M

Funding rounds

1

Latest round

Series A

Latest activity

Nov 2023