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"Philippines and Canada-based PayrollHero has announced completion of a CAD$1 million (roughly US$1 million) seed round of funding as it prepares to expand its engineering team and bring on new clients for its cloud-based payroll solution.\r\n\r\nThe startup attracted several noteworthy participating investors for the round, including 500Startups, LX Ventures, The Futura Corporation, 8capita Partners, Hootsuite CEO Ryan Holmes, Clarity CEO Dan Martell, Benjamin Joffe and MAKE Technologies founder Christian Cotichini.\r\n\r\nPayrollHero uses\u00A0a mobile and Web app to help companies manage employee time and payroll. Workers can use the app to clock in and out by photo and GPS.\u00A0Michael Stephenson and Stephen Jagger founded the company because they were having trouble finding a proper payroll platform for their outsourcing company in the Philippines.\r\n\r\nThe startup's full payroll solution has rolled out to just the Philippines first, but it is planning to expand across Southeast Asia soon. Its attendance app has users in Canada, USA, Cambodia, Singapore, Thailand, Indonesia, Malaysia and India.\r\n\r\n\u201CPayrollHero makes payroll sexy, and they make lots of money doing it!\u00A0 It\u2019s one of those few cloud-based services that every business, from SMB\u2019s to large enterprises, can and should use to increase productivity and save costs,&amp;quot; 500Startups Venture Partner George Kellerman said.\r\n\r\nWhile it's hard for me to imagine what a sexed-up payroll would look like, PayrollHero does seem poised to innovate on a normally very boring, but necessary, part of the workplace. The efforts the startup is taking to add a personal approach to the task make for a interesting solution. Here's hoping it can use the new funding to save the (pay)day.\r\n\r\nImage credit:\u00A0Brand X Pictures"^^<http://www.w3.org/2001/XMLSchema#string>
<http://thenextweb.com/asia/2013/02/20/payrollhero-nabs-1m-from-500startups-and-others-to-hire-engineers-for-its-cloud-based-app/>