# Salarium

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

- Industry: Software
- Headquarters: Makati City, Philippines
- Website: www.salarium.com
- Total disclosed funding: $0.5M
- Latest round: Seed (Feb 5, 2015)
- Investors on record: 1

## About

Salarium is a payroll and HR management platform that simplifies employee compensation and human resource operations, primarily for small and medium-sized enterprises in the Philippines, offering efficient automation and compliance solutions.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 raised USD 500,000 in a Seed funding round in July 2016 from Seedstars, marking its total funding at USD 500,000 across 2 deals.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. Integration capabilities with other HR tools further enhance its value for companies aiming to optimize workforce management.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 flagship offering includes specialized compliance and reporting features essential for navigating labor laws and payroll regulations.In July 2016, Salarium raised USD 500,000 in funding from Future Now Ventures, which will be utilized to grow and scale the business. 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.

## Funding rounds

- Seed, Feb 5, 2015, $0.5M — Seedstars

## Investors

- Seedstars (https://capitalatlas.ai/funds/seedstars) — Seed