How Much Did Payroll Resource Group Raise?
Funding & Key Investors

Payroll Resource Group (PRG) has secured $350K in total capital, with a recent major strategic investment of $350K. This significant backing underscores PRG's established position in the human capital management sector and its trajectory towards further expansion. The company's latest funding round, a debt financing event in April 2020, highlights a strategic approach to capital allocation during its large-scale late-stage funding phase.

What is Payroll Resource Group?

Payroll Resource Group
Business ServicesDocument ManagementHuman Resources Management Systems (HRMS)

Payroll Resource Group (PRG) is a specialized provider of comprehensive human capital management (HCM) solutions. For over two decades, PRG has delivered tailored services encompassing payroll processing, time and expense management, and benefits and HR administration. The company distinguishes itself through innovative HCM tools and a commitment to exceptional customer service, facilitated by dedicated account managers. PRG's offerings are highly customizable, allowing businesses of all sizes to select precisely the services they require, often at competitive price points. As an SSAE16-certified entity, PRG prioritizes delivering value, service, and quality in its operations.

How much funding has Payroll Resource Group raised?

Payroll Resource Group has raised a total of $350K across 1 funding round:

2020

Debt

$350K

Debt (2020): $350K with participation from PPP

Key Investors in Payroll Resource Group

PPP

Public-Private Partnership

What's next for Payroll Resource Group?

With substantial capital infusion and a recent strategic investment, Payroll Resource Group is poised for accelerated growth and enhanced market penetration. The company's focus on customizable HCM solutions and dedicated client support positions it favorably to capitalize on evolving business needs in payroll, time management, and HR administration. Future strategic initiatives are likely to involve expanding service offerings, leveraging technology for greater efficiency, and potentially exploring new market segments. This latest round of financing will be instrumental in supporting these ambitions, solidifying PRG's role as a key player in the HCM landscape.

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Frequently Asked Questions Regarding Payroll Resource Group Financial Insights

What are the most recent funding rounds that Payroll Resource Group has completed, and what were the funding rounds?
Payroll Resource Group has recently completed 1 funding rounds: Debt on Apr 11, 2020.
What is the total amount of funding Payroll Resource Group has raised to date?
Payroll Resource Group has raised a total of $350K in funding to date.
How many funding rounds has Payroll Resource Group completed?
Payroll Resource Group has completed 1 funding rounds.
How much funding did Payroll Resource Group raise in its most recent funding round?
Payroll Resource Group raised $350K in its most recent funding round.
Who are the lead investors in Payroll Resource Group's latest funding round?
The lead investor in Payroll Resource Group'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 Payroll Resource Group's history?
The largest funding round in Payroll Resource Group's history was $350K.
See more information about Payroll Resource Group