KyckGlobal, Inc. Raises $8 Million in Series A Round with Venture Capital Firm TechOperators Leading the Investment
Companies Can Now Streamline the Management, E-Invoicing, Compliance and Funding of their 1099 Workforce
By: KyckGlobal, Inc.
ATLANTA - Sept. 18, 2018 - PRLog -- KyckGlobal, Inc., a cloud-based 1099 workforce management and funds disbursement startup, launched the industry's first comprehensive platform designed to streamline and simplify the complexities of managing, paying, and reporting for contract workforces. The company raised $8 million from angel investors and leading Atlanta-based venture capital firm, TechOperators. Notable investors participating include: Stuart Harvey, former Chief Executive Officer of Ceridian and current Chairman of Paysafe; Paul Garcia, former Chairman and Chief Executive Officer of Global Payments; Robert Rinek, Managing Director of the Merchant Banking Group at Piper Jaffray; and Dallas Clement, Chief Financial Officer of Cox Enterprises.
"The KyckGlobal platform is designed to strengthen the relationship between payers and their 1099 workforce by offering a selection of payment methods with next generation features and functionality. Our platform also enables document storage, tax form generation, payment statements and more. Companies can leverage our platform's speed, efficiency, accuracy and preferred payment options as a means to attract, retain and incentivize talent," said Jill Peters, Founder and Chief Revenue Officer.
KyckGlobal provides single location to Fortune 500 companies the flexibility to now offer their payees a number of alternative payment methods to receive funding from Same Day ACH, Debit, PayPal, Stored Value Card, Cash, Bitcoin and more. Payers can segment their payees by groups and remit payment accordingly, as well as, enable their payees to split and request out of cycle payments.
"KyckGlobal represents the first of our fintech investments,"
About KyckGlobal, Inc.
KyckGlobal is a cloud-based fintech firm dedicated to helping companies attract, retain and incentivize their talent through the power of e-invoicing and payments. This next-generation platform enhances loyalty by giving dynamic control to 1099 employees to manage their compensation, accounting and compliance. Founded in 2018 by fintech executives and entrepreneurs, the company is headquartered in Atlanta, GA. For more information visit www.kyckglobal.com.
Atlanta-based TechOperators invests in emerging software and technology-enabled services companies with high growth potential. The fund actively helps entrepreneurs build leading companies with defensible positions in large and growing markets. TechOperators initially invests $2-5 million and continues to support its portfolio companies as they grow. The firm consists of former technology entrepreneurs who have helped drive more than $3 billion of exit value in their careers as venture capitalists and executives.