Salarium

Founded in 2013, Salarium operates from Makati City, Philippines, providing a payroll and HR management platform tailored for local businesses. The company has undergone a significant evolution in its service offerings to better address the needs of its clients, focusing on enhancing operational efficiency. Judah Hirsch, the CEO and founder, has a background that aligns with Salarium's mission, although further details on his previous ventures are not specified.Salarium offers a comprehensive payroll and HR management platform designed to streamline processes related to employee compensation and HR functions. The platform supports timely payroll processing, employee time tracking, and compliance with local labor laws, catering primarily to small and medium-sized enterprises in the Philippines. Its core product enhances operational efficiency by automating payroll calculations and ensuring accurate tax deductions, thus alleviating administrative burdens. Salarium serves various industries, including retail, manufacturing, and services, providing tailored solutions that address local payroll challenges.Salarium's revenue model is based on subscription services that offer access to its payroll platform through tiered pricing plans, scaling with the size of the business and the number of employees managed. These subscriptions are structured as B2B transactions, charging clients based on payroll runs or active users, ensuring that businesses pay only for the services utilized. This model fosters long-term partnerships and predictable revenue streams, while also supporting customer loyalty. The company is focused on developing new products to expand its service offerings and is exploring opportunities to enter new geographic markets. Specific regions and timelines for these expansions have not been disclosed, but the infusion of capital is expected to support initiatives that enhance their platform and broaden their client base.

1. Seed

   Feb 5, 2015

   Amount

   $0.5M

   Investors

   Locked