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Ascen

AcquiredYC W19

Boston, US · Founded 2018 · 30 employees · 3 known investors

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Ascen provides working capital and credit management solutions for staffing and payroll agencies, offering real-time credit vetting, embedded funding lines, and automated invoice-to-payment reconciliation integrated into payroll operations.

Also known as Ascen, Modern Labor · Modern Labor

Enterprise SoftwareFintechHR TechSaaSB2BRecruitingComplianceUnited States of AmericaAmerica / CanadaFully Remote

Founders & leadership· Y Combinator alumni (W19)

Ascen was founded in 2018 by Francis Larson.

FLFrancis Larson
Francis LarsonFounder & CEOFrancis Larson founded Ascen, an employer-of-record service focused on the staffing sector.
TG
Timothy GohDirector of Financeformer
EK
Enea KEngineering Managerformer

Investors · 3

VentureSouqlisted by VentureSouqAbu Dhabi · $100K – $10M

How we know: Y Combinator's founder network · venturesouq.com · Not right? Tell us

MAGIC FundreportedLos Angeles · $50K – $5M

How we know: Y Combinator's founder network · Not right? Tell us

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CandidatelyCandidately is a software platform providing AI-powered tools and infrastructure for staffing agencies, including an AI resume builder, candidate search, talent marketplace, and client portal. The company serves staffing firms and recruiters seeking to modernize workflows beyond traditional email and spreadsheet-based processes.

Companies working in the same space as Ascen.

Legal entities · 1

corporate structure
Ascen Inc.

Frequently asked questions

What does Ascen do?
Ascen provides working capital and credit management solutions for staffing and payroll agencies, offering real-time credit vetting, embedded funding lines, and automated invoice-to-payment reconciliation integrated into payroll operations.
Who founded Ascen?
Ascen was founded by Francis Larson in 2018.
Who are Ascen's investors?
Ascen's investors include Y Combinator, VentureSouq, MAGIC Fund.
Where is Ascen headquartered?
Ascen is headquartered in Boston, US.