The startup's API works to collect employment data from fragmented sources for companies.A startup that aims to streamline HR functions like onboarding and payroll has raised $40 million in fresh funds.
"There's a lot of fragmentation in the market with 20,000 different employment systems touching different parts of the employee experience," he told Insider. Finch works with companies in a variety of sectors but has focused on the B2B SaaS, B2B fintech, and the benefits market with businesses using information from employee directories to determine vesting periods or using payroll data to underwrite lending products.
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