There are a lot of potential areas that Tako could expand into in the future, like the vast world of employee benefits. Gadotti said the company does plan to expand as it grows into building more features like instant payments.

In addition to competing with legacy companies like ADP, there are multiple other HR tech startups in the country like Gupy and Caju, which are both more focused on other areas within HR and employee management. But if Tako expands into these areas, which it likely will, these companies could also become strong competitors.