FR EE !
Pg 4
Fishbowl: Scooping Up Success
Pg 11 Pg 12
Saturday 11th January 2025 | No. 96
XU Biweekly
Pg 12
Pg 7
Featuring two of our favourite interviews from 2024!
Pg 5
The independent user news source for accounting apps and their ecosystems
Employment Hero acquires Fishbowl Drive is Now Available in Canada: Transforming Inventory Canadian employment Management Nationwide platform Humi in $100M+ W global expansion move CAD $100m+ deal will see Employment Hero expand into the Canadian market, providing thousands of SMEs with a unified platform for managing employment
G
LOBAL EMPLOYMENT SOLUTIONS LEADER EMPLOYMENT HERO, HAS TODAY ANNOUNCED IT HAS ENTERED INTO AN AGREEMENT TO ACQUIRE HUMI, CANADA’S TRUSTED EMPLOYMENT PLATFORM, IN A DEAL ESTIMATED TO BE WORTH CAD$100M IN ONE OF THE LARGEST RECENT DEALS IN CANADIAN TECH. The acquisition will facilitate Employment Hero’s expansion into Canada, a key market for the business as it seeks to broaden its global footprint, which currently serves over 2 million employees and 300,000 SMEs worldwide. The deal will combine Employment Hero’s global innovation and Employment Op-
erating System (eOS) with Humi’s intimate understanding of the Canadian market, creating a localised solution for businesses. Thousands of Humi SME customers will soon gain access to an all-in-one platform for payroll, HR and benefits, designed specifically for Canadian businesses. With over one million SMEs in Canada, the goal of this partnership is to become the leader of employment management solutions for SMEs in the region. For almost a decade, Humi has been building employment solutions to help every Canadian employee feel valued and supported, based on the belief that businesses thrive because they prioritise their people.
Ben Thompson, CEO and co-founder of Employment Hero said: “Humi is an incredible business and Canada is an exciting market. I’m thrilled to join forces with Kevin. He’s a passionate founder and Humi’s success to date is testament to his commitment to Canadian businesses. The Humi team has a deep knowledge of Canadian employment and an impressive track record of supporting businesses in Canada. Humi will remain Canadian-operated, and their team will continue to serve the unique needs of local businesses. I look forward to working with the entire Humi team as we support thousands more Canadian businesses”.
Find out more
E’RE EXCITED TO ANNOUNCE THE OFFICIAL LAUNCH OF FISHBOWL DRIVE IN CANADA! BUSINESSES ACROSS THE COUNTRY CAN NOW LEVERAGE THE POWER OF OUR NEXT-GENERATION INVENTORY MANAGEMENT SOLUTION TO SCALE SMARTER AND STREAMLINE OPERATIONS.
Why Fishbowl Drive? Fishbowl Drive offers ro-
bust features that make it the ultimate solution for Canadian businesses: • Enhanced Mobile Scanning: Simplify inventory management on the go. • Smarter Picking: Reduce clicks and save time, ensuring faster order fulfillment. • Job Expensing: Assign costs to customers or classes for better tracking and reporting. • Multi-Location Permissions: Manage user access across locations to protect data and simplify
workflows. • Integration-Ready: Works perfectly with QuickBooks Online, and leading shipping and commerce platforms.
How Drive Benefits Canadian Businesses Whether you’re managing a single warehouse or scaling across provinces, Fishbowl Drive adapts to your needs.
Find out more
OnPay Raises Over $100 Million in Funding Payroll, HR and Benefits Provider Capitalizes on Market Demand for Turnkey Payroll Software
O
NPAY, A LEADING PROVIDER OF PAYROLL, HR, AND BENEFITS SOLUTIONS, ANNOUNCED TODAY THAT IT HAS SECURED MORE THAN $100 MILLION IN FUNDING. The funding consists of a $63 million Series B funding round led by Carrick Capital Partners, with participation from AB Private Credit Investors, the middle market private capital platform of AllianceBernstein, as well as existing investors, and a debt facility provided by MC Credit Partners. “This funding represents a transformative milestone for OnPay and is a testament to
the hard work and dedication of our team," said Jesse Burgess, CEO of OnPay. "We’re excited to expand our offerings and drive impactful growth for businesses that rely on us for payroll and HR." OnPay’s mission is to provide modern, accessible payroll and HR solutions that equip small and midsized businesses across the US to manage compliance, streamline operations, and support their teams. The funding will enable OnPay to scale its capabilities, further invest in product development, expand partnerships and integra-
Saturday 11th January 2025
PAGE 2
tions, augment customer success teams, and accelerate its go-to-market strategy. This latest investment marks the increasing market demand for turnkey payroll software. “OnPay’s superior product and unique service approach position the company to meet the growing demands of SMBs,” added Carrick Capital Partners CoCEO Jim Madden. FT Partners served as exclusive strategic and financial advisor to OnPay on the equity financing transaction.
Keep reading