SMB cloud payroll services mature | ZDNet
Summary
It raised $20 million in Series A funding back in December (it disclosed the round in February) which it is using to build out application programming interfaces (APIs), and to increase the number of states that it covers. ZenPayroll offers the official data connections you would expect, such as with cloud accounting services including QuickBooks, Xero and Freshbooks, and with time-tracking applications such as TSheets. This is part of the ZenPayroll Giving service, which lets employees contribute a percentage or fixed amount of their salary to specific charities on a one-time or recurring basis. The companys total funding so far is $26.1 million, from investors including General Catalyst Partners, Kleiner Perkins Caufield & Byers, Google Ventures and Salesforce; and the CEOs of Yelp, Box, Dropbox, and Yammer. The new Justworks 401(k) feature enables businesses using the Premium plan to let their employees save through a 401(k) account, such as fund managed by Vanguard or Fidelity.
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