Employment Hero

Employment Hero is an end-to-end HR, payroll and recruitment solution designed for Australian businesses.

Employment Hero helps employees maximise their income while streamlining the way businesses manage the employment, compliance and payroll.

Employment Hero was founded in 2014 by Ben Thompson and Dave Tong. The company is headquartered in Sydney, NSW, Australia, with offices in New Zealand, Singapore, Malaysia and the U.K.

 

Employment Hero's cloud-based HR platform combines HR software, financial services, scheduling and payroll tools, as well as employee benefits, providing growing companies with an intuitive, affordable way to manage essential employee information and HR processes.

 

Employment Hero has also transitioned into an employer of record (EOR) through Global Teams helping companies to manage their globally distributed workforce. Employment Hero's super app Swag covers every facet of the individual’s financial life — inside and outside of work. This includes a built-in digital wallet, debit card, cashback offers, online discounts and more.

 

Employment Hero currently process $85B in wages annually for some 300,000 SMEs. The company recently launched SmartMatch feature that matches jobseeker profiles with jobs listed on the Employment Hero platform. 

 

Employment Hero is backed by TCV, Insight Partners, AirTree, SEEK, OneVentures, Salesforce Ventures, and others. The company raised AUD$263M ($167M) in a Series F round on Oct 19, 2023. This brings Employment Hero's total funding to $295M to date. The latest round mints Employment Hero a unicorn with a valuation of AUD$2.13B ($1.37B) post-money.


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  • Year founded: 2014
  • Funding Info: $295M over 7 Rounds (Latest Funding Type: Series F)
  • Yearly Revenue: NA
  • Employee Size: 501-1,000
  • Business Valuation: Valued at AUD$2.13B ($1.37B) as of Oct 19, 2023
  • City/Town: Sydney
  • State: New South Wales
  • Country: Australia
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