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PayrollHero provides a cloud-based platform for optimizing workforce management, focusing on time, attendance, and scheduling. This integrated solution helps businesses ensure proper employee placement and task management by combining features for human resources information systems and business intelligence. The company's core offering streamlines operational processes through its web and mobile applications.
The company was founded in 2011 by Stephen Jagger, Michael Stephenson, and Piotr Banasik. Their initial focus aimed at developing a streamlined system for payroll and attendance tracking, recognizing a need for more efficient workforce organization within businesses. The founders sought to address the complexities inherent in managing employee schedules and time.
PayrollHero targets companies seeking to enhance employee engagement and overall productivity through better operational oversight. The platform's vision centers on optimizing work productivity by fostering a more engaged and efficiently managed workforce. It empowers organizations to achieve greater operational harmony.
PayrollHero has raised $1.0M across 1 funding round.
PayrollHero has raised $1.0M in total across 1 funding round.
PayrollHero is a Singapore-based technology company offering a cloud-based platform for time, attendance, scheduling, HRIS (Human Resources Information System), analytics, and payroll processing, primarily targeting businesses in the Philippines and Singapore.[1][3][4][5] It serves employers seeking to streamline workforce management, solving problems like time theft from punch clocks, manual reconciliation, paperwork overload, and lack of actionable insights by providing mobile-friendly tools such as selfie-based clock-ins (#MyClock and TeamClock), facial recognition, and business intelligence for better employee engagement, productivity, and retention.[2][3] The platform eliminates hardware needs, scales via cloud technology, and delivers outcomes like lower turnover and stronger company culture, with the company maintaining a small team of under 25 employees and revenue below $5 million.[2][7]
PayrollHero was founded in early 2012 by Michael Stephenson (Chief Happiness Officer & CEO) and Stephen Jagger (Business Development Co-Founder), alongside a founding team including a Product Manager and Client Happiness Representative, to address operational needs from their previous company.[6] Headquartered in Singapore's Ocean Financial Centre, the idea emerged from frustrations with outdated punch clocks and manual processes, leading to a modern, technology-driven solution using web, mobile, and cloud tech for accurate time tracking and analytics.[3][6] Early traction came from building a diverse global team and securing support from investors and angel backers, evolving into a market leader in human capital management while expanding features like facial recognition clocking.[2][3][6]
PayrollHero rides the wave of HR tech digitization in Southeast Asia, where rising labor mobility, remote/hybrid work, and cost pressures demand efficient workforce tools amid growing SME adoption of cloud SaaS.[1][3][5] Timing aligns with post-pandemic shifts to mobile-first, contactless systems (e.g., facial recognition), fueled by market forces like regulatory compliance in Philippines/Singapore payroll markets and demand for data-driven HR amid talent shortages.[1][2] It influences the ecosystem by pioneering consumer-friendly HCM (Human Capital Management), reducing operational waste for businesses, and setting benchmarks for intuitive, analytics-rich platforms in a region with high mobile penetration.[3][6][7]
PayrollHero is poised to expand beyond core markets into broader Asia-Pacific HR SaaS, leveraging its tech edge in AI-driven clocking and analytics amid surging demand for integrated HCM amid workforce analytics trends.[2][3] Trends like AI personalization, gig economy scheduling, and compliance automation will shape its path, potentially boosting growth through partnerships or acquisitions as buyer interest spikes.[2] Its influence may evolve from niche innovator to regional HCM staple, sustaining momentum via investor-backed innovation and client wins, reinforcing its role in optimizing work productivity with happiness.[6]
PayrollHero has raised $1.0M in total across 1 funding round.
PayrollHero's investors include BDC Venture Capital, LOI Venture, Pioneer Square Labs, SOSV, Tobias Lutke, Benjamin Joffe, Christian Cotichini, Dan Martell, Ryan Holmes, George Kellerman, Futura, LX Ventures.
PayrollHero has raised $1.0M across 1 funding round. Most recently, it raised $1.0M Seed in February 2013.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Feb 1, 2013 | $1.0M Seed | BDC Venture Capital, LOI Venture, Pioneer Square Labs, SOSV, Tobias Lutke, Benjamin Joffe, Christian Cotichini, Dan Martell, Ryan Holmes, George Kellerman, Futura, LX Ventures |