Payroll Automation Startup Earny Launches Public Beta with Seed Funding

Switzerland

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Earny, a Swiss-based startup that simplifies and automates payroll for small and mid-size enterprises (SMEs), announced the launch of its Software as a service (SaaS) as a public beta in November 2021.

By granting access of its solution to a small group of customers, Earny is looking to collect feedback in order to improve the product.

Earny added that it is looking to launch a more refined product in the first quarter of 2022.

The startup had recently raised close to CHF 1 million from Polytech Ventures, ACE & Company, and Fusion Partners.

Founded May 2021, the company’s platform allows for accountants, SMEs and employees to enter their data securely into a central platform that is automatically included in the payroll.

Additionally, Earny has already secured a Swissdec certification which assures that the software can calculate payroll accurately in all employee scenarios.

Bassil Eid, Co-founder of Earny

Bassil Eid

Bassil Eid, Co-founder of Earny said,

“Typically, it takes 2 years to launch a payroll app in Switzerland and receive a SwissDec certification. We bought an existing SwissDec app and used this backend as the payroll calculator allowing us to focus on reimagining the front end experience.

Believe it or not, accountants, SMEs and employees are still sending emails & excels to each other with sensitive payroll data. That data is then re-typed into payroll software either an Abacus or Cresus.”

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