How Much Did Digit Payroll Raise?
Funding & Key Investors

Digit Payroll has successfully secured a significant capital injection, bringing its total funding to $95K. This latest financing round, which accounts for $95K, underscores the company's robust position within the competitive payroll services landscape. By leveraging this substantial expansion capital, the New Jersey-based firm is well-positioned to accelerate its market penetration and enhance its suite of human resource management tools for small and mid-sized enterprises.

What is Digit Payroll?

Digit Payroll
Business ServicesAccounting for Legal PracticesHuman Resources Management Systems (HRMS)

Digit Payroll operates as a comprehensive service provider dedicated to streamlining the complex administrative burdens faced by small and mid-sized businesses. With a legacy spanning over three decades, the organization has cultivated a reputation for precision in payroll processing, time and labor management, and workers' compensation administration. By integrating specialized accounting expertise with modern service delivery, Digit Payroll enables business owners to offload critical back-office functions, thereby facilitating a sharper focus on core operational growth and strategic development.

How much funding has Digit Payroll raised?

Digit Payroll has raised a total of $95K across 1 funding round:

2021

Debt

$95K

Debt (2021): $95K with participation from PPP

Key Investors in Digit Payroll

PPP

Public-Private Partnership

What's next for Digit Payroll?

The infusion of capital marks a pivotal transition for Digit Payroll as it moves into a more aggressive scaling phase. With the current financial backing, the company is expected to prioritize the modernization of its digital infrastructure and the expansion of its service portfolio to address the evolving needs of the modern workforce. As the firm navigates this growth trajectory, the focus will likely remain on maintaining the high-touch, personalized service model that has defined its market presence while simultaneously scaling its technological capabilities to compete with larger, automated payroll platforms.

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Frequently Asked Questions Regarding Digit Payroll Financial Insights

What are the most recent funding rounds that Digit Payroll has completed, and what were the funding rounds?
Digit Payroll has recently completed 1 funding rounds: Debt on Mar 1, 2021.
What is the total amount of funding Digit Payroll has raised to date?
Digit Payroll has raised a total of $95K in funding to date.
How many funding rounds has Digit Payroll completed?
Digit Payroll has completed 1 funding rounds.
How much funding did Digit Payroll raise in its most recent funding round?
Digit Payroll raised $95K in its most recent funding round.
Who are the lead investors in Digit Payroll's latest funding round?
The lead investor in Digit Payroll's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Digit Payroll's history?
The largest funding round in Digit Payroll's history was $95K.
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