What is CyberPay?
Founded in 1996, CyberPay offers robust payroll processing and HR software solutions, catering to specialized B2B clients. The company's platform is designed to automate workflows, enable bulk processing, and provide customizable solutions, thereby enhancing operational efficiency for its users. CyberPay supports both on-premise and cloud-based deployments, including its CyberPay Online service for real-time data and employee self-service capabilities. Complementary products like CyberTax for tax management and CyberHire and CyberHR further extend its HR functionality.
How much funding has CyberPay raised?
CyberPay has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
What's next for CyberPay?
With a history of significant capital infusion, CyberPay is positioned for continued expansion and innovation in the competitive payroll and HR technology sector. The recent strategic investment, part of its large-scale late-stage funding, suggests a focus on scaling operations, enhancing its product suite, and potentially exploring new market segments or technological advancements. This backing will likely fuel further development of its automated workflows and cloud-based offerings, solidifying its role as a key player for payroll experts and service bureaus.
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