Thera, a NYC-based payroll and payments platform, raised a $4m Seed funding round.
Backers included Y Combinator, 10x Founders, Amino Capital, Zillionize, and Bayhouse Capital, as well as angels Oliver Jung, Chris Bakke, Andrew Yeung, Akash Magoon, and Bobby Matson.
The company will use the funds to accelerate its growth by further developing its platform and expanding its team in New York City.
Founded in 2022 by Akhil Reddy, a former Amazon engineer who architected several systems powering Amazon Prime, Thera is the ecosystem of apps built for global teams featuring payroll, treasury, AP/AR.
The company processes tens of millions of dollars in payroll annually for thousands of workers globally. Its customers include some of the fastest growing companies in the United States including Oceans, Landed, 1840 & Company, and Zendrop.
FinSMEs
22/08/2024