Nmbr, Canada's first dedicated embedded payroll software provider, has raised CAD $7.6 million in seed funding to enhance its payroll technology offerings for businesses nationwide.

Information on the Target

Nmbr, a pioneer in the Canadian fintech landscape, has secured CAD $7.6 million in seed funding to enhance its innovative embedded payroll software. This financing aims to transform the way Canadian businesses manage payroll systems by allowing them to integrate payroll functionalities into their products in a matter of days or weeks, as opposed to the traditional lengthy development cycles that span years. With its technology designed to cater specifically to the needs of the Canadian market, Nmbr is poised to make a significant impact on the payroll industry.

The company, co-founded by seasoned entrepreneurs Simon Bourgeois (CEO), Drew Millington (CRO), and Kevin Langlois (CTO), seeks to streamline the complex processes associated with payroll software development. By leveraging advanced API-driven solutions, Nmbr will enable a wide range of companies to enhance their service offerings, driving value for both businesses and employees across the nation.

Industry Overview in Canada

The payroll industry in Canada is undergoing substantial changes, prompted by the emergence of new tech-driven approaches. Over the past decade, businesses have increasingly harnessed the power of APIs to integrate payment and data functionalities directly into their products. Howe