# PaidRight

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/paidright

- Industry: Software
- Headquarters: Sydney, Australia
- Website: www.paidright.io
- Total disclosed funding: $4.5M
- Latest round: Series A (Dec 15, 2020)
- Investors on record: 5

## About

Based in New South Wales, Australia, and founded in 2020 by CEO Duncan Stone, Gareth Stokes, and Trent Lund, Paidright Pty Ltd, d.b.a. PaidRight provides payroll compliance to complex awards, full/part-time, overtime, and casual employees working across retail, hospitality, healthcare, education, manufacturing, and construction industries. The company was founded as a collaborative venture between CSIRO’s Data61 and PwC Australia. In December 2020, PaidRight raised USD 5 million in a Series A round from Clinton Capital Partners.

PaidRight offers a data-software platform to help businesses solve employee pay compliance problems. The platform provides an independent payment system to recalculate and validate organizations' remuneration as well as allows businesses to interpret payroll legislation and translate it into configurable code.  PaidRight operates for the organizations employing 100 to more than 100,000 employees working across multiple industries, including retail, hospitality, construction, education, aged care, and transport and logistics.

## Funding rounds

- Series A, Dec 15, 2020, $3.8M — Mainstream Fund Services, Clinton Capital Partners, Csiro
- Seed, Jul 27, 2020, $0.7M — Clinton Capital Partners, BNP Paribas, Csiro, Sayers

## Investors

- Clinton Capital Partners (https://capitalatlas.ai/funds/clinton-capital-partners) — Seed, Series A
- BNP Paribas — Seed
- Csiro — Seed, Series A
- Sayers — Seed
- Mainstream Fund Services — Series A