Employment Hero Pty Ltd

Executive Summary

Employment Hero sells a web-based human resources and salary payment platform built for more than 300,000 small-to-medium businesses throughout the Asia-Pacific region and the United Kingdom. the business brings in $150 million in annual subscription income but still reports a $45 million total loss because it chooses to spend on growing into new countries instead of keeping profits right now. A recent $263 million Series F funding round led by TCV gave the firm a private valuation over one billion dollars and paid for the rollout of its Swag mobile app which helps workers manage their personal money. The main way the company protects itself from competitors is through its local rule-following software which automatically handles tricky regional work laws to keep bigger global rivals away. Handling different government rules in many countries remains a very expensive task for its growth plans. A future stock market debut relies on the idea that many small business tools will eventually merge into one global system.