London based provider of payroll management software for SMEs raised $35m in Series B funding led by Tiger Global and Avid Ventures.
| less than a minute read
Pento raises $35m in Series B funding
Pento says its SaaS offering fully automates the payroll process so that payroll managers and finance teams don’t have to rely on spreadsheets, PDFs, e-mails and manual checks. It claims to reduce the amount of time its customers spend on payroll by up to 80% by giving them “more control and visibility” over their monthly pay run. It does this by automating everything from tax calculations to payments to reporting requirements so that businesses of any size “can run their payroll in minutes instead of days.”
