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Earnings

ZipRecruiter'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

Feb 22, 2024
Venture Capital

Atlas: 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

Feb 16, 2024
Venture Capital

Mercor 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

Jan 15, 2024
Company News

When 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

Jan 8, 2024
Product News

Paychex, 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

Dec 21, 2023
Company News

Majority 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

Dec 14, 2023
Product News

Checkr'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

Dec 12, 2023
Venture Capital

Every.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

Nov 28, 2023
Venture Capital

Goldman 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

Nov 28, 2023
Product News

Remote 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

Nov 15, 2023
Product News

ADP 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

Nov 14, 2023
Company News

UKG 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

Nov 13, 2023
Earnings

ZipRecruiter 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,

Nov 8, 2023
Venture Capital

B2B 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

Sep 12, 2023
Company News

Papaya 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

Sep 12, 2023
Company News

Papaya 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

Sep 6, 2023
Company News

Hiring 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 (

Aug 30, 2023
Company News

OneSource 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

Aug 14, 2023
Earnings

First 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

Aug 9, 2023
Earnings

PageGroup 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

Aug 8, 2023
Earnings

First 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

Jul 25, 2023
Earnings

Paychex, 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

Jul 25, 2023
Venture Capital

Allied 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

Jul 19, 2023
Company News

G-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

Jul 13, 2023
HR Technology

Y 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

Jun 27, 2023
Company News

Remote 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

Jun 26, 2023
Venture Capital

XTM 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

Jun 15, 2023
Venture Capital

UKG 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

Jun 8, 2023
Acquisition

Global 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

May 16, 2023
Company News

Tabulera 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

May 10, 2023
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