Factorial

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Remote Work Infrastructure?
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Integrated Performance and Engagement Platforms, Integrated HRM, Payroll, and Benefits Platforms
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Factorial is an all-in-one HR platform that offers payroll, onboarding, time management, performance management, benefits administration, compliance management, etc. for small and medium-sized enterprises (SMEs), allowing them to streamline and automate their HR processes. The company also offers Factorial AI (launched in June 2023), an AI-backed tool to streamline the recruitment process, task management, expense tracking and document summarization.

The company generates revenue via monthly subscription plans starting at USD 4.5 per user.

In October 2023, the company acquired Spain-based expense management firm Fuell to strengthen its presence in Spain and other international markets in areas related to budget management, tax payment, corporate cards and expense reimbursement.

Key customers and partnerships

As of April 2024, Factorial served over 10,000 companies across 65+ countries.

In March 2024, Factorial partnered with Microsoft to improve product offering and security for its HR SaaS platform.

In December 2023, the company partnered with cloud-based compliance solutions provider Cimplx to improve security and customization in payroll solutions offered.

Funding and financials

In April 2024, Factorial raised EUR 74.5 million (~USD 79.4 million) in a debt funding round led by General Catalyst. Funds were earmarked for future acquisitions and product development efforts.

HQ location:
Calle Àlaba, 61 Barcelona ESP
Founded year:
2016
Employees:
501-1,000
IPO status:
Private
Total funding:
USD 299.9 mn
Last Funding:
USD 79.9 mn (Debt Financing; Apr 2024)
Last valuation:
USD 1.0 bn (Oct 2022)
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