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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300Checkr Acquires Truv, Expanding Into a $45 Billion Identity and Verification Market
Checkr has acquired Truv, expanding its AI-powered verification platform into government benefits eligibility while strengthening mortgage verification. Truv’s network reaches 96% of the U.S. workforce; Checkr serves 140,000+ customers glob
Company NewsDailyPay Upsizes Secured Credit Facility to $960 Million
DailyPay announced a $200 million upsizing of its secured credit facility, increasing total committed capacity to $960 million and pushing its total debt financing backed by On-Demand Pay receivables above $1 billion. The expanded facility
Company News“The Spy in the Slack Channel”: Inside the Silicon Valley Espionage Scandal Between Rippling and Deel
In a plot that feels more like the screenplay of a corporate thriller than a courtroom reality, two of Silicon Valley’s most celebrated HR tech unicorns—Rippling and Deel—are now locked in a high-stakes legal war involving secret communicat
Venture CapitalIndia’s HR SaaS Star Darwinbox Raises $140M to Expand HR Tech Disruption into the U.S.
Indian HR tech startup Darwinbox has raised $140 million in a funding round co-led by KKR and Partners Group, positioning itself to compete with Deel and Rippling. The company, which provides an all-in-one SaaS platform for hiring, onboardi
Company NewsDayforce Reports $1.76B in Revenue for 2024, Driving HR Tech Growth
Dayforce , a leading human capital management (HCM) technology provider, reported strong financial results for Q4 and FY 2024, with total revenue reaching $1.76 billion (up 16.3% YoY) and recurring revenue climbing to $1.34 billion (up 20.6
Venture CapitalPayfare Enters into Definitive Agreement to be Acquired by Fiserv
Payfare Inc., a global leader in Earned Wage Access (EWA) and digital banking for workforces, has entered into a definitive agreement to be acquired by Fiserv, Inc., a leading financial services technology provider. The all-cash deal values
Venture CapitalLegion Technologies Secures $50M: AI-Powered Workforce Management on the Rise
Legion Technologies has secured $50 million in financing from Silicon Valley Bank, rounding out a $100 million funding round in 2024 and bringing its total funding to $195 million. Known for its AI-native, employee-centric workforce managem
Product NewsStrivr Announces Industry's First XR Training Bundle for Retail Banking
Strivr announced the release of the industry's first off-the-shelf XR training bundle tailored for retail banking and financial services designed to accelerate training and improve employee performance through immersive, AI-powered modules.
Company NewsPaychex Launches Digital Employee Benefits Marketplace
Paychex has launched Paychex Flex® Perks, a digital marketplace offering a range of employee benefits tailored to today's diverse workforce. This integrated e-commerce platform allows employees to self-select benefits like early access to e
Venture CapitalCadana Secures $7.4 Million to Enable Seamless, Compliant Payroll Services in Emerging Markets for Global Hiring Platforms
Cadana , a pioneering global payroll technology company, has secured $7.4 million in funding to enhance its services in emerging markets. Specializing in seamless and compliant payroll solutions, Cadana's APIs and white-label products are d
Venture CapitalFirst Advantage to Acquire Background Check Company Sterling for $2.2 Billion in Cash and Stock
First Advantage Corporation has announced a definitive agreement to acquire Sterling Check Corp. for approximately $2.2 billion, inclusive of debt. The merger unites complementary technology and services in employment background screening a
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
Product NewsEchoSpan Secures $25.7 Million Jury Award in Trade Secret Theft Lawsuit Against Rival Medallia
On November 1, 2023, following an extensive legal battle, a jury in the United States District Court for the Northern District of California found Medallia liable for trade secret misappropriation against EchoSpan, a leading provider of emp
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
Venture CapitalClair raises $175 million in funding to launch first free, on-demand pay solution powered by Pathward®, N.A., to help front-line workers get paid same day
July 6, 2023 – Clair , a mission-driven fintech company, today announced it raised $175 million in funding to launch the first free, consumer-friendly, on-demand pay solution as a consumer lending program backed by an FDIC-insured bank. Th
Product NewsTriNet Announces First Quarter 2023 Results, 2% Growth in Total Revenues to $1.2 Billion
6% Growth in Professional Service Revenues to $205 million 2% Growth in Total Revenues to $1.2 billion Net Income per Diluted Share of $2.17 and Adjusted Net Income per Diluted Share of $2.49 TriNet Group, Inc. (NYSE: TNET), a leading pro
Company NewsGusto Payroll Processing is Not Impacted by the Silicon Valley Bank Situation
Background: The bankruptcy of Silicon Valley Bank has had a widespread impact, particularly on companies that provide payroll services for employees. We have seen a number of companies issuing announcements and updates regarding the situati
EarningsDocebo Reports Third Quarter 2022 Results
TORONTO, ONTARIO - November 10, 2022 - Docebo Inc. (NASDAQ: DCBO; TSX:DCBO) (“Docebo” or the “Company”), a leading artificial intelligence (AI)-powered learning suite, today announced financial results for the three and nine months ended Se
ColumnWorkday and VNDLY: Our Vision for the Future of Total Workforce Management
With Workday and VNDLY, a Workday company, organizations can create a holistic talent strategy that maximizes their extended pool of talent. The rapid pace of change has reshaped not only the nature of work but also who does the work—as in,
Venture CapitalWorkday Ventures: Investing in Changemakers to Meet This Moment
It’s been a difficult few years for our world, and organizations have had to adapt quickly to meet the rapidly evolving needs of their workforces and businesses. Every company has done this differently, but the ones that are succeeding shar
Venture CapitalJ.P. Morgan Completes Acquisition of Global Shares
NEW YORK and CORK, Ireland -- J.P. Morgan (NYSE: JPM) today completed its previously announced acquisition of Global Shares , a leading cloud-based provider of share plan management software. With the addition of Global Shares, J.P. Morga
Venture CapitalKoch Industries Completes Acquisition of Infor
NEW YORK – Koch Industries, Inc. announced that it has completed the acquisition of the remaining portion of Infor from Golden Gate Capital. Infor, a global leader in business cloud software specialized by industry, has been a key component
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