Everee

Everee, Inc.Founded by Derek Newbold, Kyle Jacobsen, and Tyler Ploeger, Everee, Inc. operates out of Salt Lake City, Utah, US.000 mn.Everee offers a comprehensive payroll solution designed to facilitate same-day payments for both 1099 and W-2 workers, addressing the urgent need for faster pay in industries such as staffing, gig work, delivery, and rideshare. Their core product enables businesses to quickly process payroll, automate timesheet uploads, and handle compliance-related tasks such as tax calculations, I-9 verification, and ACA reporting across all 50 states. The platform is particularly advantageous for companies that operate in multiple jurisdictions, as it simplifies the complexities of payroll processing related to overtime and taxation.Everee's revenue model is anchored in a transaction-based framework, where clients are charged for payroll processing services based on the number of workers paid each month rather than a flat fee for all users in the system. This structure allows businesses to optimize their payroll expenses by only incurring costs associated with active payments. Clients utilize Everee’s offerings, including its flagship same-day payroll service and automated compliance tools, to enhance their operational efficiency. The company’s transaction processes typically occur via B2B partnerships, where businesses subscribe to Everee’s services to streamline their payroll operations. plans to accelerate its growth by supporting hiring, advancing product development, and expanding its sales and marketing efforts. Specific upcoming products and their launch dates have not been disclosed. The company is expected to explore additional markets as part of its expansion strategy, although targeted regions or specific timelines have not been mentioned.

1. Series A

   Apr 8, 2020

   Amount

   $10M

   Investors

   Locked