Thera

Thera, a payroll and payments platform, was designed to simplify financial operations for businesses with international employees. The company offers a suite of services including US payroll for all 50 states, contractor management in over 150 countries, employer-of-record services, and global invoicing and payments. Thera's ecosystem of native apps covers payroll, treasury, and accounts payable/receivable (AP/AR) services, aiming to replace multiple financial tools with a single, streamlined solution. The company provides direct support to its business customers through dedicated customer success managers and global HR specialists available 24/7/365 via Slack channels.

The platform integrates with major payment providers and maintains an updated database of global labor laws, enabling businesses to navigate the complexities of international hiring and payments. Thera claims to be significantly more affordable than competitors, with 80% cost savings compared with Deel AP/AR for global payroll and 90% savings compared with Stripe Invoicing. The company also boasts faster payment processing, with 95% of payrolls arriving the same day compared with the industry standard of 2–10 days. As of August 2024, Thera was processing over USD 10 million in payroll annually for thousands of workers worldwide.

Key customers and partnerships

Thera's customer base includes some of the fastest-growing companies in the US. Its key clients are Oceans, Landed, 1840 & Company, and Zendrop.