Finch raises $40 million

Payroll API startup Finch API has closed a $40 million Series B round co-led by General Catalyst and Menlo Ventures, with participation from QED, PruVen Capital, and Altman Capital.

Founded in 2020, the San Francisco-based startup allows companies to access payroll and benefits data from 200+ HRIS and payroll systems with a single integration.

One example of an application built with Finch is Mainstreet, which automates business tax credits for startups. At the beginning of the onboarding flow, Mainstreet prompts an employer to connect their payroll and HR system through Finch’s front-end module. They use Finch to pull past payroll runs, employee locations, employee titles, and more to provide the highest amount of tax savings to an employer.

Currently, over 2 million employees are connected through the Finch platform.