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compensIT

Instant Access to Compensation Data | Enhancing ESG | Seamless Integration with Payroll Providers | Empowering Financial

Founded 2019 Italy Italy 11 employees Seed Total: $239.00K Finance, Financial Services +2

General Information

Company Name compensIT
Founded Year 2019
Location Italy Italy
Employees 11
Industries Finance, Financial Services, Fintech +1
Funding Stage Seed

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About compensIT

Salarify is a Hungarian startup founded in 2017, operating in the finance, financial services, and fintech industries. The company's slogan "Benefits that matter | Financial flexibility brings loyalty #SalarifyPay | Free digital income verifications #Verify" encompasses its core offerings. Salarify aims to revolutionize the employer-employee relationship with its innovative solutions. Salarify's flagship product, Salarify Pay, allows employees to access their earned but yet unpaid wages instantly, promoting financial flexibility and alleviating stress. This initiative not only benefits employees by granting them the freedom to achieve their financial goals but also aids employers in fostering a more motivated, productive, and loyal team. The platform caters to the evolving needs of the modern workforce, promoting a healthier work-life balance. In addition to Salarify Pay, the company offers Verify, a digital platform aiming to replace outdated and time-consuming paper-based income verification processes. This solution empowers employees by giving them control over their income and employment data, while providing a secure gateway to share such information with financial institutions within seconds. This not only streamlines the verification process but also ensures the security of sensitive data. Salarify recently secured a €209.00K Seed Round investment on 20 November 2020, with Hiventures as the lead investor. This investment signifies the confidence of the investment community in Salarify's potential to disrupt the traditional payroll and income verification landscape. The company's vision to reshape employer-employee dynamics and provide innovative financial solutions makes it a promising venture for potential investors seeking opportunities in the fintech sector.

Business keywords: FinTech, earned wage access, liquidity management, digital banking, finance, employee wellbeing, financial wellbeing, Payroll integration, financial flexibility, loyalty, income verification, employee benefits, productivity, motivation, B2B2C model

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Seed Round €209.00K 1
Hiventures
20 Nov 2020
Pre Seed Round Undisclosed 3
Drukka Startup Studio, Studio One +1
01 Jan 2018
Angel Round $30.00K -
01 Jul 2017

compensIT Alternatives & Competitors

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compensIT vs
WageNow
WageNow Slovakia

Vďaka WageNow si môžu zamestnanci vybrať výplatu za odpracované dni kedykoľvek. Bez starostí navyše...

Seed
7 employees
Financial Services, Payments
compensIT vs
Payactiv
Payactiv United States

The Leader in Earned Wage Access.

Series C
368 employees
Finance, Financial Services
compensIT vs
Wagepay
Wagepay Australia

Your Pay, Your Way.

Debt Financing
3 employees
Finance, Financial Services

FAQ About compensIT

Instant Access to Compensation Data | Enhancing ESG | Seamless Integration with Payroll Providers | Empowering Financial
compensIT was founded in 2019.
compensIT is headquartered in Italy.
compensIT operates in Finance, Financial Services, Fintech and Human Resources. Its work centres on FinTech, earned wage access, liquidity management and digital banking.
compensIT has approximately 11 employees.
compensIT has completed 3 funding rounds, raising a total of $239.00K. The latest funding stage is Seed.
Top alternatives and competitors to compensIT include WageNow, Payactiv, Wagepay, Cappy, Hastee - A Zellis Company. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
compensIT and WageNow are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for compensIT, https://bouncewatch.com/company/salarify, updated 29 December 2024. When citing, please name BounceWatch and link this page.

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