Brazilian fintech Tako emerges from stealth with sizable seed round led by a16z and Ribbit Capital
Tako's platform helps companies manage their employee data, run payroll and keep track of on and offboarding.
Running payroll is hard in any country, but perhaps especially so in Brazil thanks to consistently changing laws and extremely influential unions that make it significantly harder to get it right. Fernando Gadotti struggled with this as the co-founder and CEO of DogHero, LatAm’s version of Rover. When Gadotti left the company in 2022, after selling it in 2020, he decided this is where he wanted to focus next.
“Every time the payroll came around, there’s just a struggle, like it’s dreadful, many hours, just like double-checking data back and forth, and we couldn’t really get any insight that we needed,” Gadotti told TechCrunch. “[We were] pretty much working in the dark, and as we kept growing, it hit me that these problems really weren’t just inconvenient; they’re actually slowing the company down. We’re wasting a lot of time in busy work.”
Just a few months after leaving DogHero, Gadotti started working on São Paulo-based Tako, an employee life cycle platform that automates tasks like onboarding and payroll to save companies time and bring all their employee information into one place. Tako also provides employees with a dashboard to view information and access an interactive paystub meant to increase transparency.
Just a few months after leaving DogHero, Gadotti started working on São Paulo-based Tako, an employee life cycle platform that automates tasks like onboarding and payroll to save companies time and bring all their employee information into one place. Tako also provides employees with a dashboard to view information and access an interactive paystub meant to increase transparency.
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