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May 30, 2024

Finch Closes Strong Q1, Named Startup of the Year in SF

Finch
Ecosystem
API
Startup
Product
Kiera Blessing
Content Marketing

Finch kicked off the 2024 fiscal year by being named San Francisco Startup of the Year by HackerNoon, and recognized by Activant Capital as a leader among Unified APIs—an emerging market that Activant anticipates will grow rapidly. 

Following a strong fiscal 2023, Finch continued to build momentum in the first fiscal quarter of 2024, which ended April 30, with the following accomplishments:

  • Grew platform usage at a 99% annualized growth rate. 
  • Announced a partnership with Oyster, a leading global employment solution, and finalized partnerships with six more HRIS and payroll providers, to be announced in the coming months.
  • Signed a major payroll and benefits provider to assist them with connectivity for their benefits product in cooperation with existing partners.
  • Finch Dashboard updates, including: a new way to enable, disable, and configure integrations, more granular permissions with role-based access control, and enhanced dashboard security with MFA (multi-factor authentication).
  • Finch API updates, including a new rehire date field in the /employment endpoint, and a new endpoint to help ‘register’ existing payroll deductions (/register).
  • Improved or expanded integrations with five leading HRIS and payroll providers: Workday, UKG Ready, Justworks, TriNet, and Paychex. 
  • Expanded support for the Finch Sandbox, which can now be used to test our Deductions product and assisted providers. 

“As part of our commitment to the Open Employment Ecosystem, we’re excited to work with one of the largest payroll and HRIS providers in the US to assist them with their benefits product,” said Jeremy Zhang, Co-Founder and CEO. “We look forward to working with providers as customers in concert with our partners to facilitate complementary use cases where everyone wins.”

To learn more about how Finch can help your organization broaden connectivity to HRIS and payroll systems, speak with an integration expert today. 

About Finch

Finch is the #1 unified API for employment systems, with industry-leading coverage across hundreds of payroll and HRIS providers. Our technology underpins the employment ecosystem, securely connecting applications with the employers they serve. Finch powers integrations for hundreds of platforms including Human Interest, Carta, and Nayya.

Applications across HR technology, benefits, tax and compliance, fintech, and insurance use Finch to access a wide range of employment data — including company information, employee directories, employment status, pay statements, benefits eligibility, and more. 

Finch has helped over 40,000 employers securely connect their data between applications. As the world moves toward standardized, open and interconnected data systems, Finch is building the infrastructure to make it easy to share employment data securely. Our vision is to create a connected and programmable employment ecosystem for all.

97% of HR professionals say it’s important for your app to integrate with their employment systems

Learn more in our State of Employment Technology report ->

97% of HR professionals say it’s important for your app to integrate with their employment systems

Download the report to learn more

Payroll Integrations Made for Retirement

Finch lets recordkeepers and TPAs integrate with the payroll systems their sponsors use to pull pay and census data and manage deductions automatically.

Learn how ->
Visualize the employment ecosystem

Thousands of applications make up the employment ecosystem, spanning uses from financial planning to employer-sponsored benefits. Get the full picture of how these applications fit together with our market map.

Download the map
Visualize the employment ecosystem

Thousands of applications make up the employment ecosystem, spanning uses from financial planning to employer-sponsored benefits. Get the full picture of how these applications fit together with our market map.

Download the map
Key Takeaways:
  • On average, 80% of participants default into their retirement plan, demonstrating that the majority of Americans aren’t actively engaged in their retirement planning — and highlighting the opportunity for recordkeepers to engage participants more directly.
  • Recent legislative changes and technological advancements represent a prime opportunity to get more individuals thinking about their financial futures and participating in the savings opportunities available to them.
  • Greater payroll connectivity provides recordkeepers with more comprehensive data, mitigating challenges introduced through file exchanges and arming recordkeepers with the up-to-date information they need to best support sponsors and participants alike.