About Hourly
Hourly is a company based in Palo Alto (United States) founded in 2018 by Amir Faintuch, Tom Sagi, and Shay Litvak. Hourly has raised $34.15 million across 2 funding rounds from investors including Glilot, S Capital VC and Vintage Investment Partners. Hourly offers products and services including Payroll Platform, Time Tracking App, and Workers' Comp Integration. Hourly operates in a competitive market with competitors including Gusto, Payflow, Paylocity, Justworks and Earnin, among others.
- Headquarter Palo Alto, United States
- Founders Amir Faintuch, Tom Sagi, Shay Litvak
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Hourly, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$34.15 M (USD)
in 2 rounds
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Latest Funding Round
$27 M (USD), Series A
May 10, 2022
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Investors
Glilot
& 12 more
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Employee Count
Not available
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Products & Services of Hourly
Hourly offers a comprehensive portfolio of products and services, including Payroll Platform, Time Tracking App, and Workers' Comp Integration.
Manages payroll processing and payments with real-time accuracy.
Tracks employee hours and locations in real-time for businesses.
Integrates insurance with payroll for seamless, automatic billing.
People of Hourly
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Funding Insights of Hourly
Hourly has successfully raised a total of $34.15M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $27 million completed in May 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Hourly
Hourly has secured backing from 13 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Glilot, S Capital VC and Vintage Investment Partners.
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Limited information is provided about Glilot's activities.
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Investments are directed by S Capital VC across multiple sectors.
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Technology investments are managed through venture capital and private equity.
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Investor details for Hourly
Investor domains, locations, round participation, and complete history require an active premium plan.
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by Hourly
Investment portfolio details for Hourly
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
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- Transaction dates
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Financial Statements - Hourly
Detailed financials for Hourly
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- Profit trends
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Hourly Comparisons
Peer comparison for Hourly
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- Named peers
- Headcount comparison
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- Operating benchmarks
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Competitors of Hourly
Hourly operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Gusto, Payflow, Paylocity, Justworks and Earnin, among others.
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Cloud-based HR and payroll solutions are offered for small businesses.
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Payflow is recognized as a financial wellness application for employees.
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Cloud-based payroll and HR solutions are provided for businesses.
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Benefits administration and payroll management are provided for businesses.
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Real-time access to earned wages is provided fee-free.
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Provider of staff attendance, payroll and biometric attendance tools for small to medium enterprises
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Detailed competitors of Hourly
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Verified entity values are shown only after access is granted.
Latest news on Hourly
Complete news archive for Hourly
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Frequently Asked Questions about Hourly
Hourly was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Hourly is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Tom Sagi is the current CEO of Hourly. They have also founded this company.
Hourly is a funded company, having raised a total of $34.15M across 2 funding rounds to date.
Hourly was founded in 2018 and is headquartered in Palo Alto, United States. Operations focus on cloud-based payroll solutions for enterprises within the HR technology sector. Services include payroll processing, automated tax filing, attendance tracking, a worker mobile app, direct deposits, compliance tools, and workers compensation insurance management. The platform operates on a subscription pricing model and is accessible via Android and iOS applications.
Hourly offers Payroll Platform, Time Tracking App, and Workers' Comp Integration.
Hourly has 13 investors. Key investors include Glilot, S Capital VC, Vintage Investment Partners, J Ventures, and MS&AD Ventures.