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Overview
Zenefits provides human resources and payroll software designed for small and mid-sized businesses. It offers an all-in-one, cloud-based platform that handles HR tasks such as hiring, onboarding, employee management, payroll processing, benefits administration, and time scheduling. The product works through a subscription model, with clients and their employees accessing the platform via web and mobile apps, and it connects with around 50 technology partners to streamline workflows and integrations. What sets Zenefits apart is its focus on smaller businesses, delivering an easy-to-use, mobile-friendly solution with broad partner integrations and a business model that also leverages broker partnerships for benefits. The company aims to level the playing field for smaller companies by providing comprehensive, affordable HR and payroll tools that simplify administration and support growth, even in changing conditions like the COVID-19 pandemic.
About Zenefits
Industries
Enterprise Software
Company Size
201-500
Company Stage
Acquired
Total Funding
$783.7M
Headquarters
San Francisco, California
Founded
2013
Simplify's Take
What believers are saying
- TriNet acquired Zenefits in February 2022, boosting resources and reach.
- Rebranded TriNet Zenefits enhances platform with TriNet's HR expertise.
- Serves 11,000 businesses, managing 400,000 employees via subscriptions.
What critics are saying
- Rippling, led by ex-CEO Conrad since 2016, erodes Zenefits' market share.
- TriNet's public status cuts R&D, lagging features by 2026.
- SMB recession in 2026 slashes subscription revenue from high-churn base.
What makes Zenefits unique
- Zenefits delivers all-in-one HR platform for SMBs with payroll and benefits.
- Launched API on July 18, 2022, enabling custom integrations for users.
- Integrates with 50 partners for seamless SMB employee management.
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Funding
Total Funding
$783.7M
Above
Industry Average
Funded Over
6 Rounds
Insight Partners
Founders Fund
Andreessen Horowitz
SV Angel
Y CombinatorBenefits
Healthcare
Wellness benegits
Catered lunches & snacks
PTO
Volunteer time off
Parental leave
Commuter benefits
Growth & Insights and Company News
6 month growth
↑ 1%1 year growth
↑ 0%2 year growth
↓ -2%It was co-founded in San Francisco in 2016 as a second act for Parker Conrad, who resigned amid scandal from his previous HR tech firm Zenefits.
Dublin, CA — December 23, 2021 — TriNet, a leading provider of human resources solutions for small and medium-size businesses (SMBs), today announced it has entered into a definitive agreement to acquire Zenefits, a People Operations platform purpose-built for SMBs, from Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses. Details of the stock and cash transaction were not disclosed.
DUBLIN, Calif., Dec. 19, 2023 /PRNewswire/ -- TriNet (NYSE: TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), today introduced its redesigned website, combining the full force of its all-in-one HR capabilities into one modernized, engaging and user-friendly site. The launch of this new site is a key component of TriNet's continued promise to businesses to provide incredible HR products and services that can scale and evolve with their needs."We are thrilled to launch our dynamic new website that offers a richer, more streamlined experience to all users," said TriNet Senior Vice President, Chief Marketing Officer and Chief Communications Officer, Michael Mendenhall. "It is an outstanding representation of how TriNet and our brand has evolved and underscores our unwavering commitment to deliver comprehensive, efficient, and expert HR solutions to meet entrepreneurs and SMBs where they are—and get them to where they need to be."The new website features TriNet's Professional Employer Organization (PEO), Software as a Service (SaaS), and Administrative Services Organization (ASO) offerings—as well as details on tax credit services from TriNet Clarus R+D. This also eliminates the need for separate domains for TriNet.com and Zenefits.com. The following product capabilities will now be available to TriNet customers on the revamped site:TriNet PEO – TriNet's main PEO model that combines HR, access to employee benefits and payroll processing into one full-service HR solution.HR Platform – Harness a modern self-service platform to simplify HR tasks without time-consuming manual effort.HR Plus – Administrative support for HR, payroll processing and payroll tax, complemented by our efficient HR technology.The enhanced online experience is reflective of TriNet's role as a trusted HR advisor to thousands of SMBs across the country
Zenefits is the best HRMS for benefits administration.
Five Threshold employees received Excellence in Service awards for their lasting dedication to those they support.
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About Zenefits
Industries
Enterprise Software
Company Size
201-500
Company Stage
Acquired
Total Funding
$783.7M
Headquarters
San Francisco, California
Founded
2013
There are no jobs for Zenefits right now.
Find jobs on Simplify and start your career today