Jeff Bezos-backed accounting startup gains unicorn status after new funding round
Accounting startup Pilot raised a new $100m round of funding from Jeff Bezos and other Silicon Valley investors to help small businesses outsource back-office tasks, therefore gaining the unicorn badge.
Pave secures $16m in a Series A round
Real-time total compensation tools provider Pave has secured $16m in its Series A funding round.
Payfit takes $5.6m to revamp payrolls
French payroll management company Payfit is taking on $5.6m in a funding round having just launched in April.
Business payment acceleration firm Branch nets $540m in Lee Fixel’s Addition-led round
Branch, which has built a flexible workforce payments platform, raised $48m in Series B funding and closed on a $500m credit facility.
CXA lands $25m for employee benefits and insurance platform
Corporate insurance and benefits platform CXA has raised $25m in its Series B round. B Capital Group and EDBI co-led the investment.
Papaya Global receives strategic investment from Group11
Global payroll and payment platform Papaya Global has received a strategic investment from Group11.
Finch raises $40m to bolster connectivity for employment systems
Finch, an API-powered employment system, has collected $40m for its Series B funding round, which was co-led by General Catalyst and Menlo Ventures.
UAE-based Bayzat collects $16m Series B
Bayzat, company offering human resources, payroll, and employee benefits, has collected $16m in its Series B.
International payroll platform Remote closes its Series A round on $35m
Remote, a HR platform to help manage payroll, benefits and compliance, has closed its Series A round on $35m.
Nium expands its Visa card issuance service in Europe
Nium is set to go global. Barely a month after it became a Visa card issuer in Australia, it has now taken the same partnership to Europe.