Hourly provides a cloud-based platform for payroll, time and attendance tracking, and workers’ compensation insurance for small and medium-sized businesses with hourly employees. It syncs GPS-based time tracking with payroll so workers’ comp premiums are calculated in real time from actual payroll data, avoiding year-end estimates. The mobile-first platform offers automated payroll tax filings, same-day direct deposit, and a subscription model with per-employee pricing. It differentiates itself with pay-as-you-go workers’ comp and a focus on industries with variable-hour workloads, helping SMBs manage costs and administration as they scale across the United States, including a merger with WeSure US.
Company Size
51-200
Company Stage
Early VC
Total Funding
$39.2M
Headquarters
Palo Alto, California
Founded
2018
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Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
401(k) Retirement Plan
Unlimited Paid Time Off
Remote Work Options
WeSure US has merged with payroll fintech company Hourly in a $53 million deal. Hourly, founded by Israeli entrepreneur Tom Sagi, is a US-based payroll management platform. The company has raised approximately $37 million to date, with support from Israeli venture capital funds Glilot Capital, S-Capital, and Vintage, as well as US-based investors MSAD Ventures and J-Ventures.
Fintech company Hourly is merging with WeSure Global Tech at a $168 million valuation and has raised an additional $10 million. Hourly shareholders will own about 49% of the new entity. Founded by Tom Sagi, Hourly has raised $37 million to date and specializes in payroll management for businesses with hourly workers. The merger aims to expand WeSure's US operations and enhance its insurance offerings.
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Hourly to expand beyond California and scale its insurance operation nationwide PALO ALTO, Calif. , June 3, 2022 /PRNewswire/ -- Hourly.io, a fast-growing workers' comp and payroll startup, today announced it has raised $27 million in Series A financing led by Glilot Capital Partners...
Hourly.io, a fast-growing workers' comp and payroll startup, today announced it has raised $27 million in Series A financing led by Glilot Capital Partners through its early growth fund, Glilot+.