Payslip, an automation and integration technology platform for global payroll management, today announced a successful close of an additional €8.3 million to its Series A financing round, bringing the company’s total financing to €12 million.
Proceeds from the funding round will enable Payslip to hire more talent across a range of departments. With over 150 positions to be filled, the company is looking to hire extensively in Ireland, especially in Westport and Dublin.
Payslip hopes to recruit software developers, integrations engineers, customer project managers, solution architects, tech support specialists, FinTech project managers and customer success managers, among many others, to drive the business forward and serve its growing international client base.
This extension round follows a record year of growth for Payslip since its last financing in March 2020, which saw a nearly 100% increase in employee headcount, 40% revenue growth, and 25% quarterly customer growth. This investment empowers Payslip to continue helping multinational organizations solve a range of payroll-related pain points, including lack of data standardization & automation, reporting & analytics, compliance and payroll operational efficiency and facilitates the ability to grow a business by scaling into new countries and markets seamlessly.
Payslip is already used by dozens of multinational organizations throughout various industries and customers include LogMeIn, Get Your Guide, Cloudera, and Airbus.
Welcoming the announcemount, Tánaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar said, "This is great news from Payslip today. These 150 new jobs across Dublin and Westport are highly skilled positions and are a real vote of confidence. Despite the challenges posed by the pandemic, Ireland’s tech sector continues to perform very well."
Payslip founder and CEO. Fidelma McGuirk added, "We are creating a lot of new positions across engineering, customer success and project management. With Team Payslip based in Westport, they can have a great life by the mountains and sea, while delivering cutting edge technology to the best multinational clients in the world."