Hot Off the Press: Brazilian Fintech Tako Scores Big-time as a16z and Ribbit Capital Jump on Board with Major Seed Funding. – Redoma Tech

Hot Off the Press: Brazilian Fintech Tako Scores Big-time as a16z and Ribbit Capital Jump on Board with Major Seed Funding.

  • news
  • November 6, 2024

This nifty platform not only crunches data efficiently but also keeps developers in the loop ensuring the code is always up-to-date and on point.

In 2023 Tako finally went public after crunching through millions in payroll while flying under the radar né?. With a potential leap into areas like employee benefits and instant payments on the horizon, the platform might soon find itself duking it out with other HR tech startups in Brazil.

Meaning “octopus” in Japanese, Tako’s platform acts as the central nervous system for employee data, extending its tentacles into various realms of employee management. Just ask Fernando Gadotti, the brain behind DogHero, who encountered these hurdles head-on after selling off his company. Running payroll can be a real challenge no matter where you are, but it’s a whole different ball game in Brazil with its ever-changing laws and heavy-hitting unions.

Faced with the pains of manual payroll procedures, Gadotti came up with a game-changer – Tako né?. Tako goes the extra mile by offering employees a user-friendly dashboard for easy access to information and an interactive paystub for full transparency.

Navigating Brazil’s one-of-a-kind payment system and the constant twists and turns in labor laws, Tako relies on an LLM to stay in the loop. By focusing on the entire employee life cycle, Tako is all about ironing out those kinks and delivering a top-notch experience for customers.. Tailored for mid-market white-collar companies with 100-500 employees in the professional and financial sectors, Tako is on a mission to simplify the tangled web of payroll processes.

With a hefty $13.2 million in seed money from Ribbit Capital and Andreessen Horowitz, Tako is gearing up to ramp up its research and development game né?. This Sao Paulo-based platform takes the grunt work out of tasks like onboarding and payroll, freeing up precious time for businesses

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