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SalaryBox
AddedMar 22, 2024
UpdatedJul 3, 2026
SalaryBox

SalaryBox

Seed

SalaryBox: Streamlining payroll for India's SMEs, enhancing financial access for 300M+ workers.

HQ
Singapore, Singapore, SG
Founded
2021
Accelerator
Y Combinator logoY CombinatorS21
Overview
Compare
Fundraising
Employees
Website

Founded with the mission to streamline payroll management for small businesses in India, SalaryBox offers an innovative payroll app designed to replace manual processes. With 63 million small businesses in India, 90% of which still manage payroll manually, SalaryBox aims to simplify attendance tracking, salary calculations, and employee payments. The app reduces payroll processing time from five days to just five minutes, targeting a market that desperately needs efficient solutions.

Notable for its impact on financial inclusion, SalaryBox leverages payroll data to build credit profiles for over 300 million blue-collar workers. This initiative not only modernizes payroll but also enhances financial access for a significant portion of India's workforce. The company has garnered attention from key investors and industry leaders, marking significant achievements in both technological innovation and social impact.

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SalaryBox - Quick Facts

Who are SalaryBox's competitors?

Companies similar to SalaryBox include SalaryBook, WorkPay, Check and PayCrunch.

When was SalaryBox founded?

SalaryBox was founded in 2021.

Where is SalaryBox's headquarters located?

SalaryBox's headquarters is located in Singapore, Singapore, SG.

When was SalaryBox's last funding round?

SalaryBox's most recent funding round was for $4M (USD) in September 2021.

How much has SalaryBox raised to-date?

As of Sep 7, 2021, SalaryBox has raised a total of $4.1M (USD).

How many employees does SalaryBox have?

SalaryBox has 8 employees as of Apr 5, 2024.

SalaryBox - Classification

Ownership
  • Private
Technology
  • FinTech
Geographic Exposure
  • India
Revenue
  • Recurring
  • Software
Customer
  • Small Business
Main Product
  • Payroll Software
Tags
  • SaaS
NAICS
  • 513200Software Publishers
  • 510000Information
  • 513000Publishing Industries
  • 513210Software Publishers
SIC
  • 7300Business Services
  • 7370Computer Programming, Data Processing, And Other Computer Related
  • 7372Prepackaged Software
Show 2 more industry codes
NAICS
  • 520000Finance and Insurance
SIC
  • 6000Depository Institutions