Embedded payroll startup Salsa continues to gain momentum. With a newly secured $20 million in Series A funding, its total capital is $30 million since its founding in 2021. The round was led by Altos Ventures, with additional participation from Greycroft, SemperVirens, Definition and Better Tomorrow Ventures. Altos Ventures Partner Tae Yoon said, “Payroll is one of the clear next frontiers in embedded FinTech. … We are thrilled to partner with Salsa as it becomes the foundational layer for payroll across entire industries.” The new funding will support Salsa’s efforts to help software platform developers in all 50 U.S. states and Canada embed payroll features in their products that they didn’t previously have. This includes launching integrated payroll offerings and tools that streamline tasks like worker onboarding, tax filings and tracking commissions, tips, overtime and employees who work in multiple locations — all without the need to have in-house payroll expertise.
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