About PalmApp
PalmApp is a company based in Prague (Czechia) founded in 2020 by Vojtech Pihrt and Mirek Koudelka.. PalmApp has raised $1.26 million across 1 funding round from investors including ZenX and Seed Starter. PalmApp offers products and services including PalmApp Smart Workplace, PalmApp Zálohy, and PalmApp Karta. PalmApp operates in a competitive market with competitors including ADP, HR Path, Bullhorn, Clair and SalaryBox, among others.
- Headquarter Prague, Czechia
- Founders Vojtech Pihrt, Mirek Koudelka
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Sectors
Business ServicesTechnology Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Palmapp Tech, S.R.O.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.26 M (USD)
in 1 rounds
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Latest Funding Round
$1.26 M (USD), Seed
Jan 20, 2022
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Investors
ZenX
& 1 more
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Employee Count
Employee Count
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Products & Services of PalmApp
PalmApp offers a comprehensive portfolio of products and services, including PalmApp Smart Workplace, PalmApp Zálohy, and PalmApp Karta. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI tool for personalized corporate communication and information access.
System for automating salary advances and immediate fund access.
Card offering cashback on transactions to enhance employee rewards.
Funding Insights of PalmApp
PalmApp has successfully raised a total of $1.26M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.26 million completed in January 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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $1.3M
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First Round
First Round
(20 Jan 2022)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Seed - PalmApp | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in PalmApp
PalmApp has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include ZenX and Seed Starter. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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A startup support program by Slovenská sporiteľňa is operated.
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Founded Year | Domain | Location | |
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ZenX is engaged in fintech and insurtech solutions development.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by PalmApp
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - PalmApp
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Palmapp Comparisons
Competitors of PalmApp
PalmApp 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 ADP, HR Path, Bullhorn, Clair and SalaryBox, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based HR management solutions are offered for payroll and compliance.
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| domain | founded_year | HQ Location |
HR and payroll outsourcing plus consulting services are provided.
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| domain | founded_year | HQ Location |
Cloud-based ATS and CRM systems are offered for staffing agencies.
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| domain | founded_year | HQ Location |
Embedded Earned Wage Access solutions are provided for HR platforms.
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| domain | founded_year | HQ Location |
Mobile-first payroll software for SME staff management is provided.
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| domain | founded_year | HQ Location |
HR management services including placement and outsourcing are provided globally.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about PalmApp
When was PalmApp founded?
PalmApp was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is PalmApp located?
PalmApp is headquartered in Prague, Czechia.
Is PalmApp a funded company?
PalmApp is a funded company, having raised a total of $1.26M across 1 funding round to date. The company's 1st funding round was a Seed of $1.26M, raised on Jan 20, 2022.
What does PalmApp do?
PalmApp was founded in 2020 in Prague, Czech Republic. A software and app-based platform is maintained for payroll management in the fintech sector. Businesses are supported in enhancing employee retention, offering on-demand salaries, and reducing paperwork. Employees receive access to immediate salary disbursements and improved financial stability. The mobile application is distributed for Android and iOS devices.
What products or services does PalmApp offer?
PalmApp offers PalmApp Smart Workplace, PalmApp Zálohy, and PalmApp Karta.
Who are PalmApp's investors?
PalmApp has 2 investors. Key investors include ZenX, and Seed Starter.