Mayo’s Payslip will target up to €40m in next funding round

The Co Mayo firm that helps multinationals manage global payrolls may launch its next funding round earlier than planned, given pace of its growth

Emmet Ryan

Technology Correspondent @emmetjryan
23rd May, 2021
Mayo’s Payslip will target up to €40m in next funding round
At the pace of growth we have, we’re already jumping into next year’s business plan. If it keeps growing at that pace, it may be sooner,” said Fidelma McGuirk, Payslip’s chief executive and founder.

Payslip, the Westport firm that announced Series A funding of €8.3 million last week, expects to target between €25 million and €40 million in its Series B round.

That round is expected to take place between 18 and 24 months from now, but may be brought forward depending on how quickly the business grows.

The firm develops technology to help multinationals manage global payroll. Its clients include Airbus and LogMeIn.

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