Zeal Secures $15M in Series B Funding

TL;DR:

Zeal has closed a $15 million Series B funding round to revolutionize payroll systems. Led by Portage, with backing from Spark Capital and Commerce Ventures, the funding will fuel product innovations for modern gig and staffing companies.

Pranab Krishnan (left) and Kirti Shenoy (right) are co-founders of Zeal. Credit: Zeal

In a world where payroll feels more ancient than your grandma's landline, Zeal has just secured $15 million in Series B funding to bring payroll into the 21st century.

CEO and Co-Founder Kirti Shenoy said:

"We are seeing incredible interest in our modern payroll platform and new products. With this new funding, we’ll continue innovating to help businesses streamline operations, offer new services, and launch best-in-class worker experiences quickly."

If you’re tired of outdated systems that barely understand gig work, let alone the demands of flexible employment, Zeal is the modern payroll platform you’ve been waiting for.

Led by Portage, with continued support from Spark Capital and Commerce Ventures, this funding round marks a huge milestone in Zeal’s mission. It’s not just another payroll tool;

Zeal is purpose-built for the new workforce reality. Think of it as payroll’s glow-up—no more endless forms and manual entries. Instead, Zeal offers automated solutions that make payroll practically run itself.

So, what’s new on the horizon?

With this fresh cash infusion, Zeal is rolling out some game-changing features. Imagine remote I-9 verification, a custom-branded app, and even paycards with a digital wallet. It's like having payroll that not only pays you but gives you access to your earnings faster than you can say "payday."

And for businesses, Zeal’s platform isn’t just flexible—it’s smart. The automation means you can set payroll on autopilot and, let’s face it, finally stop worrying about compliance and paperwork.

Whether you’re running a gig platform, a staffing company, or just looking to keep your employees happy with earned wage access, Zeal is covering all the bases.

With a solution that works for everyone from freelancers to full-timers, Zeal is poised to lead the payroll revolution.

It’s about time payroll systems caught up with modern work—maybe now they’ll stop looking like something out of a ‘90s office sitcom.