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US fintech Payroll Integrations secures $20m Series A funding | Fintech InShorts: Latest fintech news, analysis by experts

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US fintech Payroll Integrations secures $20m Series A funding

By Laura M

November 6, 2023

Payroll Integrations, a San Diego-based tech firm, secures $20 million in Series A funding led by Arthur Ventures.
Founded in 2016 by Doug Sabella and Andrew Hallengren, the company establishes a direct two-way connection between payroll providers and company benefit platforms.
Their proprietary platform extracts payroll data into a structured, ready-to-use format, reducing errors in employees’ benefit plans.
Payroll Integrations works with 4,000+ companies, covering 70% of payroll providers and serving over one million employees, including major names like ADP, Paychex, Quickbooks Online, and top 401k providers.
CEO Doug Sabella highlights the industry’s slow adoption of technology, emphasizing the startup’s role in simplifying benefits recordkeeping.
With the new funding, Payroll Integrations plans to expand its product line, enhance relationships with payroll companies and benefit platforms, and meet growing demand.

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