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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300ZipRecruiter's 2023 Financial Triumph: Achieving $49 Million Net Income and $175 Million Adjusted EBITDA in a Challenging Market
ZipRecruiter, a leading online employment marketplace, announced its financial outcomes for Q4 and the entirety of 2023, highlighting resilience amidst a sluggish hiring environment. The company reported a net income of $49 million and an A
Venture CapitalAtlas: The Argentine Startup Revolutionizing Global Contractor Benefits with $2.75 Million in Seed Extension Funding
Karen Serfaty, Gianina Rossi, and Josefina Van Thienen, engineers from Argentina, identified a common issue for contractors working for U.S.-based companies—managing taxes and receiving payments in non-local currency. To address these chall
Venture CapitalMercor Secures $3.6M in Funding, Unveils AI-Powered Talent Matching Platform
In a remarkable leap forward in the recruitment technology sector, Mercor has announced a significant milestone, securing $3.6 million in funding. The round, led by General Catalyst, saw participation from notable investors including Scott
Company NewsWhen I Work Launches Payroll to Revolutionize Workforce Management for Small Businesses
When I Work, an esteemed player in shift-based workforce management software servicing over 200,000 global workplaces, proudly introduces When I Work Payroll. This innovative solution integrates payroll with scheduling and time tracking for
Product NewsPaychex, Inc. Reports Second Quarter and Mid-year Fiscal 2024 Results
Paychex , Inc.'s Fiscal 2024 mid-year report impresses with a 6% revenue increase to $1.2579B in Q2 and $2.5439B for 6 months. Operating income rose 7% to $506.2M in Q2, while diluted EPS soared 9% to $1.08. Growth driven by 4% rise in Mana
Company NewsMajority of Hourly Workers Unconcerned About AI Replacing Their Jobs
The 5th Annual Branch Report reveals insights into the perspectives of hourly workers regarding AI's impact on job security. Contrary to popular belief, a significant number of these workers are not worried about AI replacing their jobs. Th
Product NewsCheckr's Strategic Expansion: Launching Pay and Onboard for Enhanced Flexible Workforce Management Beyond Background Checks
Checkr, a leading HR technology company, has announced a significant expansion with the introduction of Checkr Pay and Checkr Onboard. These innovative solutions are designed to streamline payment and onboarding processes for the rapidly gr
Venture CapitalEvery.io Emerges with $9.5M Funding: A One-Stop Solution for Startup HR and Finance
Every.io, an innovative all-in-one back office stack for startups, has emerged from stealth with a significant milestone: securing $9.5 million in seed funding. The funding round, led by Base10 Partners, with contributions from Y Combinator
Venture CapitalGoldman Sachs Leads $45M Investment in Candex for Asian Market Expansion
Candex , a leading player in the procurement management industry, has recently garnered a significant $45 million in Series B funding, primarily led by Goldman Sachs. This investment, boosting Candex's total capital to $85 million, is earma
Product NewsRemote Talent: Revolutionizing the Way We Connect with Global Workforces
Remote, a leader in managing globally distributed workforces, has launched a new marketplace, Remote Talent, to bridge the gap between employers and job seekers. Integrated with Remote’s global HR platform, this marketplace caters to both r
Product NewsADP and Convera Announce Strategic Collaboration Offering End-to-End Payroll and Payments Solutions
ADP, a global leader in human capital management solutions, and Convera, a prominent B2B payments Fintech, announced a strategic collaboration on November 14, 2023. This partnership aims to provide ADP clients with a comprehensive end-to-en
Company NewsUKG Aspire 2023: Caring for Your People Leads to Better Business Outcomes
Every person deserves to work at a great workplace. That was the resounding message this week at UKG Aspire in Las Vegas, where more than 5,000 UKG customers, partners, employees, and HR industry thought leaders and influencers gathered to
EarningsZipRecruiter Announces Third Quarter 2023 Results
Quarterly revenue of $155.6 million Net income of $24.1 million, or net income margin of 15% Adjusted EBITDA of $54.4 million, or Adjusted EBITDA margin of 35% SANTA MONICA, Calif. ZipRecruiter ® , a leading online employment marketplace,
Venture CapitalB2B Fintech Purchasing Power Lands $177M Debt Financing
Purchasing Power, which links employees and companies to provide flexible purchasing benefits, has secured $177M credit facility. This financing underscores investors' confidence in its platform that enables employees to buy electronics and
Company NewsPapaya Global Amplifies U.S. Workforce Capabilities with Comprehensive Payroll and EoR Solutions
With this expansion, Papaya Global provides a complete suite of solutions including Payroll, EoR and PEO, to drive growth by enabling global organizations to hire confidently in the US market TEL-AVIV, Israel , Sept. 12, 2023 - Papaya Glo
Company NewsPapaya Global and HiBob Team Up to Integrate HR and Payroll Management for Multinational Businesses
LONDON and TEL AVIV, Israel -- HiBob , the company behind Bob, the modern HR platform that powers productivity, engagement and retention, and Papaya Global , the only dedicated payroll and payments platform for global workforces, annou
Company NewsHiring Platform SmartRecruiters Appoints Rebecca Carr as Chief Product Officer
Palo Alto, California – August 30, 2023 – SmartRecruiters , the industry’s leading All-in-One Hiring Platform, today announced the expansion of its leadership team with the appointment of SaaS leader Rebecca Carr as Chief Product Officer (
Company NewsOneSource Virtual Joins the Highline's Payroll Payments Network To Provide Employee Financial Health And Well-Being Solutions
OneSource Virtual (OSV), the leading provider of services for Workday, and an innovator of extensible applications built on Workday technology, announces a first-of-its-kind partnership with Highline , a fintech company transforming payme
EarningsFirst Advantage Reports Second Quarter 2023 Results with Revenues of $185.3 Million
ATLANTA, Aug. 09, 2023 -- First Advantage Corporation (NASDAQ: FA), a leading global provider of employment background screening and verification solutions, announced financial results for the second quarter ended June 30, 2023. “We achieve
EarningsPageGroup Announces Half Year Results for the Period Ended 30 June 2023
Aug. 7, 2023 -- PageGroup plc (“PageGroup”), the specialist professional recruitment company, announces its unaudited half year results for the period ended 30 June 2023. “The Group delivered a robust H1 performance against a record first h
EarningsFirst Advantage Reports First Quarter 2023 Results
ATLANTA, May 10, 2023 -- First Advantage Corporation (NASDAQ: FA), a leading global provider of employment background screening and verification solutions, announced financial results for the first quarter ended March 31, 2023. “We reported
EarningsPaychex, Inc. Releases 2023 Fiscal Results
ROCHESTER, New York, June 29, 2023-- Paychex , Inc., announced the following results for the quarter ended May 31, 2023 (the "fourth quarter") and fiscal year ended May 31, 2023 ("fiscal 2023"), as compared to the corresponding prior-year p
Venture CapitalAllied Benefit Systems, LLC Acquires Medxoom: the Acquisition Puts Allied at the Forefront of Creating the Next-generation User Experience
CHICAGO , July 18, 2023 -- Allied Benefit Systems, LLC ("Allied"), one of the nation's largest healthcare administrators for employee benefit plans, and its majority equityholder, funds managed by Stone Point Capital LLC , today announced
Company NewsG-P Enhances G-P Meridian Suite with Latest Innovations
G-P Enhances G-P Meridian Suite with Latest Innovations to Make Global Growth Accessible to Everyone, Everywhere Company delivers new fintech enhancements, simplified self-service functionality and customizable compliant contracts for compa
HR TechnologyY Combinator's Revenue Leaders: A Deep Dive into the HR Tech Landscape
The article explores the future trends and opportunities in the HR Tech domain based on the performance of HR Tech companies in Y Combinator's list of top companies by revenue. Key players such as Checkr, Deel, Gusto, and Rippling are discu
Company NewsRemote and Gusto launch global employment and compliance partnership for U.S. companies
Remote work was the beginning. Distributed work is the present — and the future — for businesses looking to hire the best people. Today, Remote and Gusto are establishing a new partnership to help SMBs in the United States access global tal
Venture CapitalXTM Signs Definitive Agreement to Acquire Issuer, Processor, Certified EWA Provider - QRails
June 15, 2023, MIAMI, TORONTO -- XTM Inc. (“ XTM ” or the “ Company ”) (QB: XTMIF / CSE:PAID / FSE:7XT), a Miami and Toronto-based Fintech creator of payment innovations and mobile solutions specifically geared towards service industries in
Venture CapitalUKG Transforms Multi-country Payroll with Agreement to Acquire Immedis from CluneTech
Acquisition propels UKG into a global HCM leadership position, with creation of the industry’s most adaptable, intelligent “schedule to fund in one” experience for multinational businesses LOWELL, Mass., and WESTON, Fla., June 6, 2023 — To
AcquisitionGlobal employee engagement platform, Reward Gateway acquired by worldwide leader in Employee Benefits, Edenred, for £1.15 bn
LONDON , May 16, 2023 -- Global employee engagement company, Reward Gateway has been acquired by the world's leading platform for people at work, Edenred for £1.15 bn from funds managed by Abry Partners and Castik Capital. Together Ede
Company NewsTabulera Announces Integration And Partnership With Isolved, A Comprehensive HCM Platform
May 10, 2023/-- Tabulera , a leading provider of benefit plan premium administration software, has partnered with isolved , a comprehensive human capital management platform. Through the isolved Marketplace, clients can access Tabulera's mo
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