Nmbr, a Toronto, Canada-based embedded payroll software provider, raised CAD $7.6m in seed funding.
The round was led by Panache Ventures, Golden Ventures, Motivate Venture Capital, and Luge Capital.
The company intends to use the funds to accelerate its growth and product development.
Co-founded by Simon Bourgeois, Drew Millington, and Kevin Langlois, Nmbr is a dedicated embedded payroll software provider, designed to simplify how businesses build and launch their own payroll software. It simplifies the complexities of building payroll systems by offering APIs and embeddable front-end components that eliminate the challenge of building payroll software, while reducing ongoing administrative burden and costs.
Nmbr’s clients include several industry leaders who will be adding payroll alongside AP/AR automation, employee scheduling, construction management, e-commerce, employee benefits management, and more.
FinSMEs
24/09/2024