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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. “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. Gadotti said that the company processed tens of millions of dollars in payroll as its been operating in stealth but declined to share more details on its customers.
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