Symmetrical.ai

Overview
News
Remote Work Infrastructure?
Product stageSegments
Early
?
Pure Play Payroll and Benefits Platforms
?

Symmetrical.ai offers employers payroll solutions to view, analyze, and manage compensation data; approve salaries for domestic and international employees (including deductions and ad hoc payments); and route payment data into the relevant system of record using its API-based platform. The company’s offering also includes a white-label employer of record (EOR) solution and a salary-on-demand feature.

The company generated revenue via monthly subscriptions per employee, ranging from PLN 30-50 (~USD 7-12).

Key customers and partnerships

As of April 2022, the company had over 50 enterprises using its platform, including Bolt, iTaxi and Delivery Hero.

Funding and financials

In April 2022, the company raised USD 18.5 million in Series A funding led by Target Global. The funds were earmarked to expand into new European markets, acquire enterprise customers, and expand its team of 65 employees. The company’s goal is to create a new API-based global technology architecture for the payroll industry, which will be a part of existing systems, to enable full automation 

Further, the company noted at the time that its annual recurring revenue (ARR) was close to USD 1 million.

HQ location:
11 - 12 St. James's Square Suite 1, 3rd Floor London GBR
Founded year:
2019
Employees:
51-100
IPO status:
Private
Total funding:
USD 26.4 mn
Last Funding:
USD 18.5 mn (Series A; Apr 2022)
Last valuation:
-
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Company profile
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