Fincha San Francisco, CA-based provider of an API for payroll, HRIS and benefits, raised $40M in Series B funding.
The round, which brought the total funding to $58.6M, was led by General Catalyst and Menlo Ventures, with participation from QED Investors, Altman Capital, and PruVen Capital. Alex Tran, Managing Director at General Catalyst, will join the board of directors.
The company intends to use the funds to extend coverage to more payroll, HR and benefits systems, expand into new employment data verticals such as benefits administration and new functionality such as automating payroll operations, and grow its engineering, product and success teams to support rising demand for the Finch platform.
Led by CEO Jeremy Zhang, Finch makes it possible to access org-wide directory, payroll and benefits data across 200+ payroll, HRIS and benefits systems — all through a single integration. Over 1.8m employees are currently connected through the platform.
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