Payroll Service Provider Cadana Raises $7.1 Million In Seed Funding
- Cadana, a payroll services provider, has secured a $7.1 million seed funding round.
- The funding round was led by Costanoa Ventures with participation from Better Tomorrow Ventures and 500 Startups.
- Cadana aims to address challenges faced by workers in emerging markets, such as payment delays and high remittance fees.
The funding secured by Cadana is a significant milestone for the company, allowing it to further enhance its technology and expand its operations. With its focus on addressing the challenges faced by workers in emerging markets, Cadana's seamless payment integration and timely compensation solutions have the potential to make a positive impact. The company's impressive transaction volume and customer growth demonstrate the demand for its services. By integrating local payments, compliance, and benefits systems, Cadana can better serve its customers and provide tailored solutions to businesses navigating complex employment laws and payroll systems.
