The Danish payroll automation startup raised $15.6 million in a Series A funding round
In Brief:
Investors include Monzo founder Tom Blomfield and Zoom CEO Eric Yuan.
Blomfield has invested in four startups in recent months and expects to double this by the end of the year.
So far, around 700 businesses have joined Pento.
What does this mean?
Pento is promising to simplify the often complicated and time-consuming payroll process faced by European businesses that use outsourcing. It automates real-time calculations, tax reporting, payslip generation, and payments - allowing to companies submit the payroll in one single click.
