USA, San Diego-based Payroll Integrations has successfully raised $20 million in a Series A funding round led by Arthur Ventures. The company's primary goal is to expand its product line and strengthen its relationships with payroll companies and benefit platforms, aiming to further enhance employees' financial well-being through enhanced data connectivity.
Co-founded in 2016 by Doug Sabella and Andrew Hallengren, Payroll Integrations is a technology company dedicated to improving how employers support their employees' financial well-being through benefit automation. The firm specializes in integrating payroll providers and benefit platforms to establish direct two-way connections. Their proprietary technology allows them to capture employee census and payroll data directly from payroll companies, extract relevant information, and convert the data into a structured, ready-to-use format for their clients. Over 4,000 businesses currently rely on Payroll Integrations to connect payroll with retirement, HSA, and other employer-sponsored benefit plans for more than one million employees. Payroll providers, including ADP, Paychex, Quickbooks Online, and others, also use the platform to connect with 401k benefit providers such as Empower, Transamerica, Principal, VOYA, and John Hancock.