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.

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

The Gadget Guru: Symfonisk Wi-fi speaker; OnePlus Nord N200 5G; FIR+ Cooker

Gadgets Emmet Ryan 6 days ago

Firms team up to launch new system that can manage occupancy rates in shops and offices

Tech Emmet Ryan 6 days ago

Apple hires 400 staff as part of Cork expansion

Tech Róisín Burke 6 days ago

The Gadget Guru: Dyson V15 Detect Complete, Nutribullet Baby, Sidekicks

Gadgets Emmet Ryan 1 week ago