Irish payroll software company Payslip receives capital worth €1m
Date: 2018-03-02   Author: Sunil Hebbalkar  Category: #news

Irish payroll software company Payslip receives capital worth €1m

One of the most prominent financial technology companies, Payslip, based in County Mayo, Ireland, has received a funding of €1 million from several notable investors. This startup company supplies software solution for various business companies to manage their payroll. With this new investment, Payslip is looking forward to expanding its portfolio by partnering with new clients and adding advanced software integrations to its workforce, cite reports.

As per authentic sources, Frontline Ventures, AIB and other technology investors comprising Tribal, Enterprise Ireland, and Hban Bloom Equity have invested in this Irish start-up company. In response to this new investment, the founder and CEO of Payslip, Fidelma McGuirk stated that the firm is privileged to have the support of top investors from digital innovation and SaaS communities.

In order to utilize the funds for organization expansion, the company has already initiated the recruitment process. In the year of 2018, it is looking forward to hiring 12 new staff for the position of international payroll, chief technology officer, operations and sales roles. In addition, it is also planning to recruit software integration specialists and software engineers.

Reportedly, Payslip had already received funds from the SaaS-based software company working for tax preparation for international students, Sprintax. The CEO of Enterprise Ireland, the Irish state economic development agency, Julie Sinnamon said that Payslip was among the 10 companies which received funding from Enterprise Ireland as a part of Fintech Competitive Start Fund in 2016. Further, she added that Enterprise Ireland will support the Payslip team continuously to establish high-quality jobs in financial technology across West of Ireland.

Recently, Payslip brought forth a range of innovative products including HR software such as Workday, NetSuite HR, and SAP. In addition, currently, Payslip has integrated a data protection module in its software strategy which will help employers improve their payroll compliance by minimizing corporate risks ahead of GDPR, reports cite.



About Author


Sunil Hebbalkar

Sunil Hebbalkar

Sunil currently works as an content writer at AlgosOnline. A Post graduate mechanical design engineer by qualification, he worked as an intern at the defense lab for one year in the engine design and development department before switching his professional genre. Foll...

Read More

More from Sunil


Post Recommendents

Biofertilizers Market Analysis, Business Opportunities & Growth Forecast by 2024
Author: Rahul Sankrityayan

According to a new research report by Global Market Insights, Inc.; the Biofertilizers Market size will exceed USD 3 billion by 2024.

Strong demand outlook in the overall agrochemicals industry along with rising ado...


Offshore Support Vessel Market Analysis, Industry Overview, & Growth Forecast by 2024
Author: Rahul Sankrityayan

Offshore support vessel market encompasses an assortment of myriad vessel types designed to perform a plethora of tasks. Anchor handling tug supply (AHTS) vessels among these, apparently account for a major percentage of offshore support vessel in...


Hollow Glass Microspheres Market 2023 AkzoNobel, Cospheric, Dennert Poraver, EKO Export, 3M
Author: Rahul Varpe

Hollow glass microspheres market size is estimated to reach over USD 2.5 billion by 2023 and growing at a CAGR of over 5% from 2016 to 2023. This can be primarily attributed to reusability and recyclability. In addition, increasing demand for effi...