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      <p>
        Compt, a benefits platform for remote employees, has raised USD 13 million in a Series A funding round led by Battery Ventures.&nbsp;
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        The fresh funds will be used to expand Compt&rsquo;s customer base and employee headcount to 20 by the end of 2022 (currently 12).
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<div>
  <p>
    <a href="https://www.businesswire.com/news/home/20220414005012/en/Compt-Raises-13-Million-Series-A-Financing-Led-by-Battery-Ventures">
      Press release
    </a>
  </p>
  <p>
    <a href="https://techcrunch.com/2022/04/14/compt-nabs-10m-to-make-employee-perks-more-personal/">
      TechCrunch
    </a>
  </p>
  <p>
    <a href="https://www.finsmes.com/2022/04/compt-raises-13m-in-series-a-financing.html">
      FinSMEs
    </a>
  </p>
</div>


Remote Work Infrastructure

Compt raises USD 13 million in Series A funding

ANALYST_QUICK_TAKE

PROMINENT_CATEGORY

<div> 
 <p>HR platform Remote has introduced Remote Global Benefits, a solution that enables the handling of health insurance plans in multiple countries. Developed using Kota's infrastructure and insurer network, it merges seamlessly into Remote's existing platform.</p> 
 <p>Companies can take advantage of the platform, which facilitates browsing and choosing from local providers' plans, enrolling team members instantly, and automating tasks such as tax reconciliation and payroll deductions. The platform dismisses broker fees, is contributive to payroll work processes, and provides access to localized benefits in a number of countries.</p> 
</div> <p><b>Analyst QuickTake:<br>
 </b> The launch of Remote Global Benefits appears to be a major step forward in Remote's product offerings, addressing a critical need for their customers and potentially strengthening their market position in the global HR and payroll space</p>

Remote launches global benefits management platform to improve efficiency

<div>
 <p>Papaya Global, a company that specializes in payroll and payments, has unveiled a new AI-driven platform to aid businesses in managing global workforce transactions. The platform streamlines cross-border payroll and payment activities for multinational firms.</p>
 <p>The platform consists of four key features: Real-time Workforce Payments that cater to over 130 currencies, an AI-led Payroll Data Validation Agent claiming 99.7% accuracy, AI Data Cloud Connectors that integrate HR and financial data, and Papaya 360 Support which provides access to local payroll professionals and an AI-led knowledge resource.</p>
 <p>This innovative platform can diminish global payroll processing duration by a considerable 80%, reduce operational expenses by 25%, ensure total adherence to global operations compliance, and enhance payroll-related employee satisfaction indicators by 40%.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> This AI-powered update is the most significant product enhancement since the addition of its " <a href="https:<br>
//sp-edge.com/updates/21897"> made to measure" solution </a> and <a href="https:<br>
//sp-edge.com/updates/16965"> embedded payments platform </a> in 2023, marking a significant step in its technological capabilities and service offerings for global enterprises.</p>

Papaya Global releases AI-powered payroll and payment platform to enhance product offering

INCUMBENTS_PRESENT

<div>
 <p>Workday, a company that offers management solutions, has partnered with One Model, a provider of people analytics solutions. They have been named an Innovation Partner by Workday.</p>
 <p>This collaboration integrates One Model's data management, analytics, and AI skills with Workday's Human Capital Management (HCM) and Adaptive Planning offerings. This partnership aims to enable customers to get more value from their HR data and enhance their personnel-related decision-making.</p>
 <p>The partnership allows organizations to utilize One Model's People Analytics technology in conjunction with Workday's business solutions. These provide real-time operational insights and planning features for finance and people-oriented processes.</p>
 
</div> <p><b>Analyst QuickTake:<br>
</b> This partnership supports Workday's strategic focus on collaborative efforts to enhance its product portfolio. In <a href="https:<br>
//sp-edge.com/updates/33639"> September 2024 </a> , Rain collaborated with Workday to provide earned wage access solutions for employees of Workday's clients.</p>

One Model partners with Workday to expand people analytics solutions

<div>
 <p>Staffbase has collaborated with Microsoft to offer easier and more economical access to their communication tools for businesses utilizing Microsoft Azure services.</p>
 <p>As a result of this partnership, companies can buy Staffbase's comprehensive selection of communication tools using their existing Azure budget (MACC credits), simplifying the purchasing process and decreasing complications related to vendor management.</p>
 <p>The suite of solutions offered by Staffbase include an Intranet, Employee App, Email, and integrations with Microsoft 365. These tools are designed to enhance employee engagement and create a cohesive digital work environment for desk and frontline employees.</p>
</div>

Staffbase partners with Microsoft to offer employee communication tools on Azure Marketplace to improve employee engagement

<div>
 <p>Oyster, an HR platform, has successfully received new funding from ServiceNow Ventures. The total funding raised by Oyster to date reaches USD 291 million. Other organizations that have previously invested include HR Tech Investments, Indeed, LinkedIn, Okta, PayPal Ventures, Salesforce Ventures, and the Slack Fund.</p>
 <p>The secured funds are marked for scaling Oyster. The goal is to develop solutions for customers and to enhance the range of products offered by the company.</p>
</div> <p><b>Analyst QuickTake:<br>
 </b> The investment follows the company's Series D round of USD 59 million to accelerate platform development in <a href="https:<br>
//sp-edge.com/updates/33261"> September 2024. </a> It <a href="https:<br>
//techcrunch.com/2024/09/04/as-remote-working-keeps-rolling-oyster-raises-59m-series-d-at-1-2b-valuation/#:<br>
~:<br>
text=We%E2%80%99ve%20grown%20significantly%20%E2%80%A6%20more%20than%207x%20in%20two%20years%2C%20and%20we%20improved%20our%20margins%20tremendously"> reports </a> a 7x growth accompanied by improved profit margins, suggesting strong investor confidence in its trajectory.</p>

Oyster raises new funding to improve platform

<div>
 <p>Paycor HCM, a leading provider of human capital management software, has announced the launch of Paycor Assistant, its latest AI-enabled HR tool, available from Spring 2025.</p>
 <p>Paycor Assistant comes equipped with several innovative features designed to simplify HR processes. These include an intelligent search function with a conversational interface for processing HR requests; an HR Assist feature, enabled by GenAI technology, for locating and summarising key company documents; and a dedicated Admin Insights dashboard that provides vital productivity metrics derived from usage data, Frequently Asked Questions (FAQs) and employee feedback.</p>
 <p>Paycor maintains the new AI assistant will significantly cut down administrative tasks and accelerate responses to HR-related inquiries. This development gives leadership more time to focus on strategic objectives such as talent management and enhancing business performance. Paycor Assistant is the latest addition to Paycor's suite of AI-powered solutions, which include intelligent skills management, candidate sourcing, and sentiment analysis capabilities.</p>
 
</div> <p><b>Analyst QuickTake:<br>
</b> After acquiring Talenya in <a href="https:<br>
//sp-edge.com/updates/13836"> October 2022 </a> , Paycor <a href="https:<br>
//www.paycor.com/hcm-software/smart-sourcing/"> integrated </a> Talenya's AI-driven recruiting technology into its product suite as "Paycor Smart Sourcing.” This recent development seems to build on this acquisition and integrate AI into Paycor's product offering.</p>

Paycor launches AI HR assistant for employee management to streamline HR-related interactions and queries

<div>
 <p>HiBob, a provider of a human resource management platform, has introduced Bob Learning, a new module within their platform Bob that is aimed at learning and development. This module can be combined with external course providers such as Udemy, LinkedIn Learning, and Go1.</p>
 <p>The unique offering of Bob Learning is its ability to combine both in-house and external courses along with its AI-powered course creating ability. It offers personalized learning paths, supports multiple media formats, provides central progress tracking, and can be seamlessly combined with other modules in the Bob HR platform. This facilitates optimum use of existing employee data for their development goals.</p>
 <p>According to HiBob, this centrally managed learning solution is designed to enhance the capabilities of the workforce, increase employee satisfaction and retention, aid in succession planning, and contribute to creating a culture focused on high performance and learning.</p>
 
</div> <p><b>Analyst QuickTake:<br>
</b> The newly launched "Bob Learning" module aims to enhance employee skill-building through a streamlined, accessible learning system. This addition could strengthen HiBob’s platform by centralizing L&amp;D efforts, likely boosting engagement and supporting long-term workforce development initiatives.</p>

HiBob launches learning and development module Bob Learning to enhance workforce capability

<div>
 <p>Fingercheck, an HR software firm, has secured USD 115 million in growth funding. The round was lead by Edison Partners and saw contributions from StepStone Group and Columbus Capital.</p>
 <p>This investment will be used to support Fingercheck's market expansion and solidify its competitive stance in the industry. Concurrently, Dan Kazan has been appointed as the new CEO of the company.</p>
 <p>Headquartered in New York, Fingercheck provides payroll and human resource software solutions to small businesses. Their platform includes a wide set of management tools, incorporating aspects of job posting, employee onboarding, payroll processing, scheduling, and shift management.</p>
 
</div>

Fingercheck raises USD 115 million in growth funding to support expansion

<div>
 <p>XP Health, a digital-first vision care platform, has partnered with Employee Navigator and Bennie to extend their vision care services. Through Employee Navigator, XP Health will provide six pre-packaged vision programs at employer-sponsored and employee-voluntary levels without needing individual quotes. The Bennie collaboration enables customers to access XP Health through Bennie's Employer Marketplace, simplifying the task for administrators to choose benefit options.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> These partnerships follow XP Health's USD 33.2 million Series B funding in <a href="https:<br>
//techcrunch.com/2024/09/12/xp-health-grabs-32m-to-bring-employees-more-affordable-vision-care/"> September 2024 </a> and aim to simplify vision care benefits administration while reportedly eliminating complexity and wait times for quoting.</p>

XP Health partners with Employee Navigator and Bennie to expand vision care services

<div>
 <p>HR technology platform Cascade AI has accumulated USD 3.75 million in seed funding. The funding round was led by Gradient and included contributions from Myriad Venture Partners and Success Venture Partners.</p>
 <p>The funding will be used to enhance and expand the platform based on customer feedback. This is in response to increased demand due to early success with customers.</p>
 <p>The Cascade AI platform, GenAI, supports human resources functions at an individual employee level. This includes aspects such as benefits, total rewards, employee onboarding and offboarding, and open enrollment.</p>
</div>

All Updates

Compt raises USD 13 million in Series A funding

Remote launches global benefits management platform to improve efficiency

Papaya Global releases AI-powered payroll and payment platform to enhance product offering

One Model partners with Workday to expand people analytics solutions

Staffbase partners with Microsoft to offer employee communication tools on Azure Marketplace to improve employee engagement

Oyster raises new funding to improve platform

Paycor launches AI HR assistant for employee management to streamline HR-related interactions and queries

HiBob launches learning and development module Bob Learning to enhance workforce capability

Fingercheck raises USD 115 million in growth funding to support expansion

XP Health partners with Employee Navigator and Bennie to expand vision care services

Cascade AI raises USD 3.75 million in seed funding to expand platform

Remote Work Infrastructure

Compt raises USD 13 million in Series A funding

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