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To create touchless global payroll.
14% employee growth in 12 months
Immedis is a suborganisation of the Irish tech company Taxback Group, and provides global payroll and employment tax solutions to its similarly global customer base. It has grown rapidly, not just in terms of headcount but also in terms of its suite of solutions. International payments, for example, are now manageable through Immedis' platform as of 2021.
This is a smart move, as the fintech scene is fiercely competitive. Not just in the EU, but in Immedis’ additional target market of the US, payroll is a hotly contested space. Giants like QuickBooks and ADP abound, so branching out into adjacent and equally lucrative areas could help Immedis cement its already relatively far-reaching position.
Immedis looks set to continue with strong market backing, too. High-quality tech startups across Ireland have attracted a lot of attention from US VC investors and funds recently, as they begin to look further afield than their saturated home market. It’s helped give Immedis a boost along the road to Unicorn status, and substantial resources as they expand out to US markets.
Kirsty
Company Specialist at Welcome to the Jungle
Dec 2020
$50m
LATE VC
Jun 2019
$26.4m
GROWTH EQUITY VC
Richard Limpkin
(CSO (not founder))Previously worked as a Senior Consultant at Deloitte and at CoreHR in multiple roles, including Project Head and Head of Solutions and Innovation.