Growth equity investment firm Edison Partners announced it led a $115 million growth investment in Fingercheck, which offers an all-in-one workforce management platform for small and medium businesses (SMBs) with ‘deskless’ workforces. StepStone Group and Columbus Capital also joined the round in the investment.
The company also revealed the appointment of experienced executive leader Dan Kazan as Chief Executive Officer. And under Kazan’s leadership, the company will use the new funding to further develop its product and technology and expand its headcount and go-to-market efforts.
Fingercheck was designed to offer an all-in-one workforce management system for the sizable SMB market with deskless team members. Plus, existing human resources and payroll software is generally expensive and difficult to integrate and requires employers to piece together multiple, disparate products in order to get the services they need. Fingercheck has built a modern platform from the ground up to give business owners and their employees a simple, singular, convenient, cost-effective platform for the entire lifecycle of the deskless employee.
Fingercheck is able to offer enterprise-level payroll and HR management that can be set up and running in a matter of hours or days. And its platform supports posting jobs, onboarding, time and attendance, payroll, scheduling and shift management, payment on demand, and benefits and tax management. The software also offers deep job costing capabilities, a critical tool that allows owners to track and measure the actual profitability of a project.
Fingercheck was advised by KPMG Corporate Finance.
KEY QUOTES:
“Businesses with deskless workers, who work hourly and are on their feet, have unique workforce management needs ranging from mobile first to time and attendance, which have not been met by the tech industry historically. Fingercheck understands this and is delivering a seamless platform, purpose-built for these businesses where management is wearing many hats from CEO to CFO to CHRO. We’re impressed with Fingercheck’s best-in-class retention metrics, capital efficiency and expansion through organic, profitable, and steady product-led growth and we’re excited to partner with the Company to continue to expand.”
– Chris Sugden, Managing Partner of Edison Partners
“Our team is looking forward to this partnership. Edison Partners brings unparalleled expertise, resources, and network effects that will accelerate Fingercheck’s expansion and strengthen our competitive position. Edison shares our vision, values, and commitment to innovation that will continue to drive growth and shape our future. Great things ahead.”
– Joel Kohn, founder of Fingercheck
“Fingercheck’s software takes the workforce management headache out of the equation for SMB’s with deskless workers, allowing those business owners to focus more of their time on their passion: growing their business,” said . “I’m excited to work with and expand the team, to invest further in all aspects of the business, and to bring this software to a wider market.”
– Dan Kazan, CEO of Fingercheck
