– USA, CA – Zeal, the Embedded fintech company announced the company secured $13 million in Series A funding led by Spark Capital to continue developing its platform for building individualized payroll products.
Concurrent with the financing, Spark Capital’s partner Natalie Sandman has joined the board of directors.
Spark Capital led Series A, with participation from Commerce Ventures and a group of individual investors, including Marqeta CEO Jason Gardner and CRO Omri Dahan, Robinhood founder Vlad Tenev, UltimateSoftware executives Mitch Dauerman and Bob Manne and Namely founder Matt Straz.
“Our mission is to touch every American paycheck with our tax and payment technology, ensuring that American employees are paid correctly and efficiently,” said Krishnan.
The co-founders intend to use the new funding to build out their team and strengthen compliance measures to ensure its track record with enterprises.
“We are starting to win more enterprise deals and moving millions of dollars each day,” said Shenoy. “This has been a legacy space for so long, so companies want to work with a provider to move fast.”
For more information: https://www.zeal.com/
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