In the payroll software sector, the German-based startup Lano has recently secured a substantial investment led by TX Ventures. This new funding, complemented by contributions from existing investors like Atlantic Labs, is earmarked to enhance Lano’s growth and bolster its payroll and fintech offerings.
Lano is known for its payroll consolidation software, and offers a comprehensive solution for businesses globally to hire, manage, and remunerate employees. The platform centralises payroll data from various sources, presenting a unified view of all employee payroll details.
This integration not only negates the need for manual data entry but also significantly reduces reconciliation efforts, offering time and cost savings to businesses.
This new investment puts Lano on a trajectory for rapid expansion, solidifying its position as a significant entity in the payroll software industry. The company says that it remains dedicated to equipping businesses with effective and efficient payroll management tools.