ZayZoon, a Calgary, AB, Canada-based supplier of voluntary advantages that permit staff throughout the USA to immediately entry their earned wages on-demand, raised $25.5M in combination.
The spherical consisted of:
- $12.5M in fairness led by Carpae Investments and Alpenglow Capital, with participation from present shareholders InterGen Capital, Prairie Service provider Company, and angel buyers, Sanders Lee (Hopewell) and Rob Ohlson (Maillot Properties), amongst others, and
- $13M in a brand new credit score facility with ATB Monetary.
The corporate intends to make use of the funds to additional develop product providing past Wages On-Demand and into extra services that financially enhance worker outcomes & monetary wellness, and to pursue hiring for key roles throughout Progress, Operations and Engineering.
ZayZoon supplies a payroll built-in expertise platform that permits companies to provide their workers entry to a program that features: Wages On-Demand, Monetary Training and a Pay as you go Spending Card.