ZenPayroll raises $60 million from Google Capital, others


Fortune

For the founders of ZenPayroll, a Silicon Valley startup that aims to automate the payroll process for businesses, it all started with family. Joshua Reeves, Edward Kim, and Tomer London each had close family members who managed people’s paychecks. They heard stories about how frustrating it could be to quickly add new employees to the system or manage the taxes around it, and knew that for most employees, payroll was an opaque process that required logging in to some forgettable internal system. So it was easy for the Stanford grads to agree to apply their ideas to the topic while at startup incubator Y Combinator.

What became ZenPayroll, which officially launched just over two years ago, gives small businesses a simple way to manage the payroll process on the web, much like how people now pay their bills online. The young company believes that existing systems from Paychex, Intuit…

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