Wrapbook offers employer-of-record (EoR) payroll, union compliance and insurance for media production companies in the entertainment industry. In April 2022, the company also released a mobile app that enables production crews and staff to complete onboarding processes, submit timecards, and track payroll payments, secured by touch and face ID.
Additionally, in July 2023, the company launched a new suite of cost management and accounting tools to streamline expense tracking. Wrapbook also offers API integrations with third party software for budgeting, accounting and payment processing.
The company generated revenue through a USD 249 one-time signup fee, and a 0.75% commission on wages paid through the platform.
Key customers and partnerships
Notable customers using the platform included Red Arrow Industries, SixTwentySix and The Arridia Group.
Funding and financials
In November 2021, Wrapbook raised USD 100 million in a Series B funding round led by Tiger Global Management with participation from Andreessen Horowitz, and other investors, valuing the company at USD 1 billion. Funds were earmarked to expand its platform and team to service major studios, networks, and production companies in television, film, commercials, and live events. Further, the company claimed that its revenue grew sevenfold in 2020.
Competitors: None under coverage. (Wrapbook specifically tailors its services to media production companies within the entertainment industry.)
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