Payroll Integrations Raises $20M in Series A Funding
Summary
Founded in 2016 by Co-Founders Doug Sabella and Andrew Hallengren, Payroll Integrations is a technology company working on how employers support employees’ financial well-being through benefit automation. It integrates payroll providers and benefit platforms to establish a direct two-way connection. The proprietary technology captures employee census and payroll data directly from the payroll companies, extracts relevant information, and converts the data into a structured, ready-to-use format for their clients. The integration platform is used by more than 4,000 businesses to connect payroll with retirement, HSA and other employer-sponsored benefit plans for over one million employees. Payroll providers including ADP, Paychex, Quickbooks Online and others use it to connect with 401k benefit providers such as Empower, Transamerica, Principal, VOYA and John Hancock.