INSUBCONTINENT EXCLUSIVE:
Pento, a Danish startup working on a better payroll experience for companies and employees, has raised $2.8 million in seed funding.Leading
the round is Point Nine Capital and Seedcamp, with participation from a number of smaller funds and angel investors, including departing
Atomico partner Mattias Ljungman
Hagbarth (CTO) in 2016, Pento offers a SaaS for companies wanting to automate their payroll and offer complementary features to employees,
such as user-friendly access to pay history and personal pay-related data
The startup is live in Denmark with over 400 customers, and says a U.K
transfers, manually keying in data from HR software, and much more
reporting, payslip generation, payouts to employees and tax authorities and bookkeeping
claims Larsen.Typical Pento customers are companies with 1-150 employees, although the startup is also seeing quite a lot of demand from
fall into three camps: Traditional payroll outsourcing; older payroll software products like Sage, Brightpay and MoneySoft; and newer
competitors like Payfit and Xero Payroll
other newer payroll products like Payfit and Xero, Pento has a 100% focus on payroll, not HR or accounting, and we will much rather
