• Slice of Finance
  • Posts
  • Zeal Secures $15M Series B to Revolutionize Payroll for the Future Workforce

Zeal Secures $15M Series B to Revolutionize Payroll for the Future Workforce

Author

Slice of Finance Team
15 Oct

Key Highlights:

  • Zeal secures $15M in Series B funding led by Portage with support from Spark Capital and Commerce Ventures.

  • Innovative payroll solutions for staffing companies, gig platforms, and HR service providers.

  • Launching new products including Remote I-9 with E-Verify and white-label mobile apps.

  • Flexible, automated payroll processes tailored to modern workforce needs.

  • CEO Kirti Shenoy: Zeal will continue innovating payroll to enhance worker experiences.

Notable Quotes:

❝

“Zeal’s mission is to empower companies to meet the needs of modern workers by automating payroll and enhancing worker experiences."

Kirti Shenoy, CEO and Co-Founder at Zeal
❝

"We believe Zeal is uniquely positioned to drive this necessary integration and innovation in the payroll space.”

Ricky Lai, Partner at Portage

Our Take:

Zeal’s $15M Series B funding signals a crucial step forward in modernizing payroll for an increasingly flexible and automated workforce. The addition of innovative products like Remote I-9 verification, white-label mobile apps, and digital wallets positions Zeal to meet the demands of gig economy platforms and staffing companies. In a rapidly evolving labor market, businesses require agile, cost-efficient solutions, and Zeal’s platform is designed to address these needs comprehensively. As automation continues to shape workforce management, Zeal’s leadership in payroll technology will likely drive significant industry-wide transformation.