What does Salsa do?
Salsa is an embedded payroll infrastructure provider based in New York City that enables software platforms to launch and scale their payroll capabilities. The company offers a robust infrastructure for payroll products tailored to vertical and complex business needs across healthcare, personal services, time and attendance, and small business management.
How much did they raise?
The company raised $20M in a Series A funding round led by Altos Ventures, with additional participation from Greycroft, SemperVirens, Definition, and Better Tomorrow Ventures, contributing to a cumulative funding of $30M.
What are their plans for the money?
With the new funds, Salsa plans to further enhance its payroll integration capabilities, broaden its product offerings, and expand its operational reach across all 50 U.S. states and Canada, ultimately aiming to make payroll processes more seamless for software platforms.
What have they achieved so far?
Under the leadership of CEO John Kramer, Salsa has already established itself as a key provider of payroll infrastructure solutions, successfully supporting various platforms with scalable and integrated payroll products.
