User:Vipul/ZenPayroll

ZenPayroll is a company that provides a cloud-based payroll solution for businesses based in the United States. ZenPayroll handles payments to employees and contractors and also handles electronically the paperwork necessary to help client companies comply with tax, labor, and immigration laws. As of December 2014, it was operational in 31 US states.

Pricing
As of January 2015, ZenPayroll's price is $29/month minimum (for 1 employee), an increment of about $4/month per employee for the next 99 employees, and negotiated enterprise pricing for businesses with 100+ employees. They offer a 2-month free trial period. Payment is on a monthly basis and there is no long-term contract.

History
ZenPayroll was part of Y Combinator's Winter 2012 batch. The service launched officially on December 11, 2012 in California.

On June 12, 2013, ZenPayroll announced support for paying contract workers, including making sure of tax compliance (by filing the relevant Form 1099 and other paperwork). This was touted by some technology writers as giving the company an advantage over competitors such as ADP and Paychex, whose payroll software was claimed to lack the flexibility to accommodate contract workers. The company also announced plans to launch very soon in Florida, Texas, and New York state.

In August 2013, ZenPayroll announced that it had crossed $100 million in payments processed annually, and was launching in Florida, Texas, and Washington state.

In September 2014, ZenPayroll announced its application programming interface (API) and partnerships with over a dozen small and medium business (SMB) back-office service companies.

Funding
In December 2012, ZenPayroll announced that, back in April 2012 upon graduating from Y Combinator's Winter 2012 class, ZenPayroll had raised the largest seed round for a Y Combinator startup. The total amount of $6.1 million was raised from investors including Box CEO and co-founder Aaron Levie, Yammer CEO and co-founder David Sacks, Dropbox CEO and co-founder Drew Houston, YouTube co-founder Jawed Karim, Yelp CEO and co-founder Jeremy Stoppelman, Badgeville CEO and co-founder Kris Duggan, SugarCRM CEO Larry Augustin, and Zuora CEO and co-founder Tien Tzuo, as well as Google Ventures, Data Collective, Sherpalo Ventures, and Salesforce.com.

On February 19, 2014, ZenPayroll announced a $20 million Series A funding round at a valuation of over $100 million. The round was led by General Catalyst Partners, with Kleiner Perkins Caufield & Byers also participating.

Reception
VentureBeat has listed ZenPayroll among the best back-office software for small businesses. The New York Times has compared ZenPayroll to larger payroll processors such as ADP, citing both advantages and disadvantages. ZenPayroll has been praised by TechCrunch and PandoDaily for offering an easy-to-use service to small businesses and to companies using contractors.