SOURCE: Justworks

Justworks

October 16, 2013 11:00 ET

Justworks Launches Online Service for Instant, Affordable Payroll & Benefits Management

Justworks Announces Seed Funding Led by Index Ventures

SANTA CLARA, CA--(Marketwired - Oct 16, 2013) - Today, New York-based Justworks announced the launch of its online payroll and benefits platform. Justworks.com is the easiest way for new businesses to manage payroll and offer large-company benefits while ensuring legal compliance. It is the only service that makes it possible for businesses to set up payroll and benefits within minutes.

Justworks today also announced it has raised $1 million in seed funding, led by Index Ventures and with participation from Daring Journey Ventures and notable angel investors. The company plans to use the funds for further product development, sales efforts and geographic expansion to offer access to small businesses across the United States.

"We believe that a comprehensive solution for the basic business needs relating to hiring should be simple and affordable," says Justworks CEO Isaac Oates. "When I started my first business, I found it incredibly challenging to onboard new employees and it was difficult to know how to do it the right way. Iris Ramos and I started Justworks to make the process of hiring simple, so that new businesses can hire and scale faster."

Justworks.com offers a full range of human resources services to make it easy and affordable for businesses to hire and care for employees, including:

  • Payroll made easy. The self-service dashboard at Justworks.com makes it easy to on-board employees within minutes. Justworks removes the need for fax machines or scanners by putting the whole hiring process online and making it simple for employees to easily fill out forms such as the I-9. Justworks offers direct deposit and processes payments for contractors (a free service), salaried employees and hourly workers. Payments can be made on a recurring or one-time basis.
  • Large-company benefits, small business access. Companies can use Justworks to offer full medical, dental and vision coverage at affordable price points. Justworks is continually rolling out new offerings, with 401(k) retirement savings and other benefits coming soon.
  • Legal compliance assured. Justworks demystifies small business tax accounting and requirements. Justworks processes payments, files required taxes, files for workers' comp and handles other complex legalities for its users.

Currently, Justworks can file over 5,000 different types of taxes at the federal, state and local levels and is licensed in 25 states, including New York, Texas, California and Massachusetts.* The company plans to be nationwide in 2014.

"Setting up payroll, insurance, and other human resource activities is so painful for startups that most push off the tasks until their accountants force them to do it. Justworks lets any startup set up payroll at a fraction of the time, hassle, and cost of other services. Justworks is a big idea for small businesses, and I am proud to have them launch at DEMO Fall 2013," said Erick Schonfeld, executive producer of DEMO.

On Thursday, October 17, at 9:50 a.m. PDT, Justworks will provide a live, four-minute demonstration of its online system on the DEMO Fall 2013 stage and will host live demonstrations beginning today in the DEMO Fall 2013 pavilion. For information on Justworks as well as plans and pricing, visit www.justworks.com.

ABOUT JUSTWORKS
Founded in 2013, Justworks' mission is to help businesses grow by providing a comprehensive, simple and affordable way to manage human resources from one platform. With Justworks enables entrepreneurs to easily manage payroll while offering competitive benefits and ensuring full legal compliance. For more information, visit www.justworks.com.

ABOUT DEMO
Produced by the IDG Enterprise events group, the worldwide DEMO conferences focus on emerging technologies and new products innovations, which are hand selected from across the spectrum of the technology marketplace. The DEMO conferences have earned their reputation for consistently identifying cutting-edge technologies and helping entrepreneurs secure venture funding and establish critical business. For more information on the DEMO conferences, visit http://www.demo.com/.

All product and company names herein may be trademarks of their registered owners.

*Justworks is licensed by the following states: Alabama, Alaska, Arizona, California, Colorado, Delaware, Georgia, Idaho, Illinois, Iowa, Kansas, Maryland, Massachusetts, Missouri, Nebraska, Nevada, New Jersey, New York, Ohio, Pennsylvania, South Dakota, Texas, Virginia, Washington D.C., and Washington State.

Contact Information

  • MEDIA CONTACT:
    Dorothy Jean Chang
    Phone: (347) 871-0080
    E-mail: Email Contact

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