[US] Salsa raises $20m in funding for embedded payroll

Salsa - an embedded payroll infrastructure provider - has raised $20 million in a Series A funding round, Finextra reports.

Greycroft, SemperVirens, Definition, and Better Tomorrow Ventures joined the round,  led by Altos Ventures, which brings Salsa’s total funding to $30 million.

Salsa’s infrastructure reportedly enables software companies to build, launch, and operate fully integrated payroll products within weeks. The platform handles the complexities so clients can avoid needing in-house expertise or large operational teams.

The firm now powers payroll products in all 50 US states and Canada.

John Kramer - CEO of Salsa - said, “We built Salsa to keep the operational burden off our partners’ shoulders, so they can focus on what they do best. This funding lets us double down on automation, flexibility and deep support in industries where payroll is hardest to get right.”

Source: Finextra

(Quote via original reporting)

Salsa - an embedded payroll infrastructure provider - has raised $20 million in a Series A funding round, Finextra reports.

Greycroft, SemperVirens, Definition, and Better Tomorrow Ventures joined the round,  led by Altos Ventures, which brings Salsa’s total funding to $30 million.

Salsa’s infrastructure reportedly enables software companies to build, launch, and operate fully integrated payroll products within weeks. The platform handles the complexities so clients can avoid needing in-house expertise or large operational teams.

The firm now powers payroll products in all 50 US states and Canada.

John Kramer - CEO of Salsa - said, “We built Salsa to keep the operational burden off our partners’ shoulders, so they can focus on what they do best. This funding lets us double down on automation, flexibility and deep support in industries where payroll is hardest to get right.”

Source: Finextra

(Quote via original reporting)