E KarbonPay, The Startup That Is Revolutionizing The Payroll Process

We had the opportunity to interview Brad Price. Founder of KarbonPay. The company that is making the payroll process easy and available anytime, anywhere.
Interested in investing? They have a crowdfunding campaign live now.


Q: Can you tell us a bit about yourself and KarbonPay?
A:
  I was born and raised in Cape Town, moved to California, then Texas. I love politics, golden retrievers and travel. I've spent the bulk of my career in HR and payroll, most recently running global payroll operations for clients through Fingo HR, a services company I founded for companies operating multi-nationally.

KarbonPay has developed an automated, cloud-based platform which performs payroll calculations for multi-country employees at the click of a button.  This saves time, cost, and historically reduces error rates to zero, while allowing customers globally to report on one platform.


Q:  How did you get the idea for KarbonPay?
A:
The team has over 65 combined years of experience in finance and running payroll in 14 countries over 4 continents. The problems we encountered were consistent and many, while meaningful solutions were few.

With the migration we’re seeing toward cloud technology, it’s more important than ever that mission-critical business operations like payroll are available and accessible anywhere in the world.

With COVID-19 acting as a kind of catalyst in increasing the speed of this cloud migration, it’s more important than ever to have world-class SaaS options available.


Q: What makes your company different from others in your space?
A:
Current multinational payroll providers use third-party in-country partners to process payroll data.  This requires a 5-7 business lead-time from the customer in order to obtain, pass along, process and return payroll data so the customer company can pay their overseas employees.  This is time consuming, expensive, prone to errors, and prohibits the customer from running reports on multiple country teams.

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Disclosure: Startup Watch is a platform TalkMarkets provides for startup company executives to discuss their companies in depth. TalkMarkets provides a suggested list of questions but the format ...

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Comments

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Angry Old Lady 6 days ago Member's comment

Really nice, I'll be checking out your crowdfunding campaign.

Currency Trader 1 week ago Member's comment

Brad Price How is it possible that you only launched in September and already have so much traction?

Brad Price 1 week ago Member's comment

Hello - KarbonPay was born out of our 5 years working in international HR and payroll through Fingo HR, which I founded. So for each location we launch in, we start with a really good network of customers and partners. We are seeing really strong growth from our sales efforts, but we did start from a pretty good place to begin with.

Susan Miller 1 week ago Member's comment

Brad Price, very impressed.