Edison Partners’ recent $115 million investment in Fingercheck will support the company’s expansion of its HR and payroll platform tailored for SMBs managing deskless employees. With new CEO Dan Kazan at the helm, Fingercheck aims to enhance its offerings and broaden its reach in a growing market. This funding enables Fingercheck to deliver streamlined, all-in-one workforce solutions to industries like construction, healthcare, and retail.
What This Major Investment Means for Fingercheck and Its Future
Edison Partners has committed $115 million in growth capital to Fingercheck, a workforce management platform serving small and medium businesses (SMBs) focused on deskless workers. This significant funding marks a milestone for Fingercheck, supporting its goals to scale operations, refine technology, and expand into new markets. As a growth equity firm, Edison Partners brings financial backing, strategic expertise, and industry connections, all aimed at accelerating Fingercheck’s ability to deliver comprehensive HR and payroll solutions.
Fingercheck’s platform aims to simplify the multifaceted workforce needs of SMBs by consolidating payroll, scheduling, hiring, benefits, and compliance processes into a single interface. With this capital, Fingercheck is better positioned to extend its reach and meet the increasing demand for robust HR solutions designed specifically for businesses with deskless staff.
Fingercheck’s Bold Move into a Growing Deskless Workforce Market
With over 80% of the U.S. workforce operating outside traditional office settings, the deskless worker market spans various industries such as construction, healthcare, retail, and property management. SMBs in these sectors often operate under tight constraints, managing diverse teams while frequently lacking the resources or tools to address evolving workforce demands. Traditional HR software, often built for large corporations, tends to be costly, complex, and unsuitable for companies with decentralized teams working from different locations.
Fingercheck aims to fill this gap by providing SMBs with a platform that simplifies workforce management, is cost-effective, and is deployable within hours. This model enables smaller businesses to access tools previously available only to larger companies, allowing them to manage payroll, schedule shifts, track attendance, and handle tax reporting—all through one platform. This integrated approach caters specifically to the challenges of deskless workforce management, making it a unique offering within the industry.
Streamlined HR Solutions: What Fingercheck Brings to the Table
Fingercheck’s platform serves as a centralized solution for managing the entire employee lifecycle. Core features include:
- Automated Payroll: Payroll processing that adapts to each business’s schedule, offering flexible pay cycles.
- Scheduling and Time Tracking: Managers can create and adjust schedules in real time, while employees clock in through mobile devices, streamlining attendance and reducing payroll errors.
- Job Costing: Provides the ability to track project expenses accurately, essential for sectors like construction where knowing the profitability of individual jobs impacts financial decisions.
- On-Demand Payment: Offers employees access to earned wages before payday, adding a level of financial flexibility.
- Tax Management and Compliance: Ensures compliance with federal, state, and local tax laws, reducing administrative overhead for business owners.
These features allow SMBs to transition from using multiple HR systems to one integrated platform, simplifying management and reducing associated costs. The system’s mobile-first design also ensures accessibility for deskless employees who frequently work on the go.
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Industry Insights: Why Edison Partners Sees High Potential in Fingercheck
Edison Partners has a track record of identifying and nurturing companies with high-growth potential, focusing on SaaS and fintech sectors outside of Silicon Valley. Fingercheck’s approach aligns with Edison’s investment philosophy by providing a scalable and efficient solution in a rapidly expanding market. Edison’s focus on workforce management technology, especially for financial operations, is evident in their investment history, which includes companies like Billtrust and Liberty Tax. Fingercheck’s emphasis on an underserved market—SMBs with deskless employees—presented a clear opportunity for Edison to support a niche yet significant sector within HR tech.
Edison Partners has highlighted Fingercheck’s strong client retention, cost-efficiency, and steady, product-driven growth as major strengths that underscore the company’s viability in a competitive market. With Edison’s resources and support, Fingercheck can expand its reach, accelerate product innovation, and strengthen its competitive stance.
Meet Fingercheck’s New Leadership and Vision for Expansion
As part of this expansion, Fingercheck appointed Dan Kazan as its new CEO. Kazan’s experience in executive leadership roles equips him to steer Fingercheck’s growth trajectory, with a focus on developing the team and enhancing the product’s capabilities. His leadership priorities include not only strengthening the company’s existing offerings but also identifying new ways to address the needs of SMBs in the deskless workforce sector.
Under Kazan’s direction, Fingercheck plans to leverage the investment to improve customer experience, broaden its technical capabilities, and increase market penetration. This will involve expanding the workforce, refining the platform’s features, and potentially exploring new service areas that align with the demands of a mobile workforce.
A Glimpse at Fingercheck’s Path Forward
Fingercheck’s progress since its inception reflects its commitment to simplifying workforce management for smaller businesses. Having helped over 5,000 businesses manage more than 100,000 workers, Fingercheck has built a reputation for reliability and flexibility. The recent $115 million investment enables the company to further its mission, empowering SMBs through accessible and efficient HR solutions.
In the coming years, Fingercheck’s priorities include broadening its product offerings, scaling operations, and exploring additional solutions for deskless workforces. With Edison Partners’ support, Fingercheck is positioned to expand its influence in the HR tech space, aiming to become the preferred platform for deskless workforce management.
The investment represents a crucial step in Fingercheck’s journey, allowing the company to enhance its technological capabilities and widen its reach in a growing market. This partnership not only strengthens Fingercheck’s position in workforce management but also underscores the increasing importance of specialized HR solutions for businesses operating outside the traditional office environment.
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