Zeal, a forward-thinking payroll platform designed for the modern workforce, has announced the successful completion of a $15 million Series B funding round. This investment, spearheaded by Portage with ongoing support from Spark Capital and Commerce Ventures, represents a major step forward in Zeal’s mission to modernize payroll for innovative staffing companies, gig-work platforms, and HR service providers like Wonolo and Qwick.
As the workforce increasingly seeks flexible working conditions, Zeal’s platform delivers automated and adaptable payroll solutions that meet the evolving demands of today’s labor market. This latest funding will be used to further enhance Zeal’s platform, introducing innovative features such as a remote I-9 with E-Verify, custom paperwork workflows, and a white-label mobile app for seamless pay and benefits management.
Zeal’s CEO and Co-Founder Kirti Shenoy emphasized the company’s commitment to empowering businesses to streamline payroll processes and provide superior worker experiences through automation. Zeal’s platform is designed to help businesses cut operational costs, ensure compliance, and deliver a modern, mobile-native payroll experience.
This new capital will enable Zeal to continue developing advanced payroll solutions, including earned wage access and paycards, offering companies a competitive edge in worker retention and operational efficiency. As the labor market becomes increasingly dynamic, Zeal is poised to lead the charge in payroll innovation for businesses adapting to new workforce models.
