Thera, a payroll and payments platform, raised a $4 million in Seed funding round with participation from Y Combinator, 10x Founders, Amino Capital, Zillionize, and Bayhouse Capital, as well as angels Oliver Jung, Chris Bakke, Andrew Yeung, Akash Magoon, and Bobby Matson. Thera plans to use the money to grow faster by adding more employees to its New York City team and improving its platform.
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Thera is building a suite of apps to help businesses expand their workforce globally and remain fully compliant with local laws and regulations without spending endless hours on admin.
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“SMBs today are increasingly demanding bundled solutions,” said Nicolas Dessaigne, Group Partner. Y Combinator. “Thera replaces multiple financial tools, allowing businesses to manage their finances, payroll, payments, and compliance from one simple platform.”
You can now automate all HR and payroll admin tasks, including onboarding, contracts, invoicing, payments, and compliance—from one easy-to-use platform. From startups to BPOs to fast-growing agencies, Thera is the preferred payroll and payments partner for growth.
“Payments continue to be a massive challenge for many companies today. Through our unique bundled app model and customer-centric approach, we strive to create a streamlined experience to manage all financial ops all while increasing our customer’s bottom line,” said Akhil Reddy, Founder of Thera. “We are committed to providing the rates and transparency the industry so desperately needs. What Wise did in the remittance space, we’re doing in the B2B payments space.”
About Thera
founded in 2022 by Akhil Reddy, All things money movement. Built for global teams. Thera is an ecosystem of apps designed to save you money – Payroll, Banking, AP/AR. Whether you’re looking to use one of our products or the full suite, we’ve got you covered.
