Thera
YC S22New York City, US · Founded 2021 · 15 employees · Hiring · 2 known investors
Thera is a payroll and payments platform that processes payroll, contractor payments, and business spend while earning rewards points. The platform serves startups, small businesses, and global teams, offering US payroll, international contractor payments in 150+ countries, and employer of record services for hiring across 150+ countries.
Also known as Carbon
AI & Machine LearningEnterprise SoftwareFintechHR TechSaaSArtificial IntelligenceB2BPayrollCryptocurrencyUnited States of AmericaAmerica / CanadaPartly Remote
Founders & leadership· Y Combinator alumni (S22)
Thera was founded in 2021 by Akhil Reddy.
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Akhil Reddyin𝕏Founder/CEOFounder and CEO of Thera, a payroll and payments platform that processes payroll, contractor payments, and business spend for startups and small businesses.
Investors · 2
Funding
SEC filings, press & company announcements$4M disclosed across 1 of 2 rounds · 2024
- $4MSeed FundingAug 2024 · 2 sourcesSource ↗
Source: company announcements and press reports — follow each round's link for the claim.
Competitors · 10
by search overlap
Oyster1505 shared keywordsOyster is an employer of record (EOR) platform that lets companies hire, pay, and manage full-time employees and contractors in over 180 countries without setting up local entities, handling compliant onboarding, contracts, payroll, and benefits. It pairs an automated platform with in-house HR experts and integrates with HRIS, ATS, and accounting systems, serving globally distributed teams.
OnPay1485 shared keywordsOnPay provides online payroll, HR, and benefits management software for small businesses, handling pay runs, tax calculations, deductions, and compliance. It integrates with accounting software, 401(k) plans, and benefits tools to keep business operations in sync.
Intuit®1392 shared keywordsIntuit develops financial software products—including TurboTax, Credit Karma, QuickBooks, and Mailchimp—for consumers and small businesses to manage taxes, credit, accounting, and marketing. It serves approximately 100 million customers worldwide.
Deel1285 shared keywordsDeel is a global HR platform that enables businesses to hire, onboard, and manage employees and contractors across borders. The platform handles payroll, compliance, and HR administration for companies managing international workforces.
homebase1206 shared keywordsHomebase is a management platform for small businesses that includes team messaging, scheduling, shift tracking, onboarding, and payroll features. It serves restaurants, retail, and other hourly-wage businesses with tools for employee communication, scheduling, and performance tracking.
Rippling1131 shared keywordsRippling is a workforce management platform that unifies HR, IT, finance, and employee data across a business. It integrates with 600+ applications to help organizations operate more efficiently.
Gusto1107 shared keywordsGusto provides payroll processing, employee benefits administration, and HR management tools to businesses, offering integrated software alongside support services for these functions.
Skuad1100 shared keywordsSkuad is a platform that helps companies hire, onboard, pay, and manage remote employees and contractors across 160+ countries. It provides compliant employment contracts, payroll processing, tax compliance, benefits administration, and talent matching services for global teams.
ADP1066 shared keywordsADP provides cloud-based human capital management solutions that integrate payroll, HR, talent management, time and attendance, tax, and benefits administration for businesses globally. The company serves as a comprehensive provider of HCM software and business outsourcing services with analytics and compliance expertise.
Asanify985 shared keywordsAsanify provides payroll automation, HR management, and global hiring services for small businesses and startups. The platform enables companies to manage international teams through employer of record (EOR) services, contractor payroll, and an AI-native HRMS across 100+ countries.
Companies competing with Thera for the same Google search keywords, organic and paid, via search-intersection analysis.
In the news
Frequently asked questions
- What does Thera do?
- Thera is a payroll and payments platform that processes payroll, contractor payments, and business spend while earning rewards points. The platform serves startups, small businesses, and global teams, offering US payroll, international contractor payments in 150+ countries, and employer of record services for hiring across 150+ countries.
- Who founded Thera?
- Thera was founded by Akhil Reddy in 2021.
- Who are Thera's investors?
- Thera's investors include Y Combinator, 10x Founders.
- How much funding has Thera raised?
- Thera has disclosed $4M raised across 1 of its 2 known rounds.
- Where is Thera headquartered?
- Thera is headquartered in New York City, US.