Factorial

About Factorial

Factorial provides a cloud‑based platform that unifies HR, payroll, time‑off, expense, and performance management into a single system. It automates routine processes, offers AI‑driven reporting from natural‑language queries, and includes a self‑service portal for employees, helping small to mid‑size businesses streamline people‑operations and gain real‑time cost insights.

<problem>Many companies struggle with fragmented HR and finance processes, requiring separate tools for time off, payroll, expense tracking, performance reviews, and document management. This fragmentation leads to manual data entry, errors, and wasted time for HR teams, managers, and finance staff.</problem> <solution>Factorial offers an integrated HR and finance platform that consolidates core people‑operations functions into a single cloud‑based system. The platform automates routine tasks such as vacation approvals, expense reimbursements, payroll calculations, and performance evaluations, reducing manual effort and the risk of mistakes. An AI‑driven assistant generates real‑time reports and cost insights, turning natural‑language queries into actionable analytics for HR leaders, managers, and CFOs. Employees can self‑service through a portal to request time off, view payslips, sign documents electronically, and track their own goals, increasing transparency and engagement. Open APIs and a marketplace of pre‑built integrations allow seamless connection to existing tools, extending the platform’s capabilities without custom development.</solution> <features> - Unified dashboard for HR, payroll, time‑off, expenses, talent management, and finance workflows - AI‑powered reporting engine that creates instant cost and performance reports from plain‑language prompts - Employee self‑service portal with electronic signature, payslip access, and request management - Automated payroll processing with real‑time tax and legal updates - Performance management tools including 360° reviews, KPI tracking, and engagement surveys - Time‑tracking and shift scheduling with geolocation and overtime compensation features - Expense management with smart receipt scanning, real‑time tracking, and multi‑level approval workflows - Open API and marketplace integrations to connect with hundreds of third‑party applications </features> <target_audience>Factorial serves small to mid‑size businesses that need a single solution for HR, payroll, and finance, targeting HR managers, finance leaders, and team supervisors who require automation and data‑driven insights.</target_audience>

What does Factorial do?

Factorial provides a cloud‑based platform that unifies HR, payroll, time‑off, expense, and performance management into a single system. It automates routine processes, offers AI‑driven reporting from natural‑language queries, and includes a self‑service portal for employees, helping small to mid‑size businesses streamline people‑operations and gain real‑time cost insights.

Where is Factorial located?

Factorial is based in Barcelona, Spain.

When was Factorial founded?

Factorial was founded in 2016.

How much funding has Factorial raised?

Factorial has raised $120.0M.

Location
Barcelona, Spain
Founded
2016
Funding
$120.0M
Employees
2680 employees
Investors
General CatalystAtomico

Factorial

10
Relative Traction Score based on online presence metrics compared to companies in the same age group.

Executive Summary

Factorial provides a cloud‑based platform that unifies HR, payroll, time‑off, expense, and performance management into a single system. It automates routine processes, offers AI‑driven reporting from natural‑language queries, and includes a self‑service portal for employees, helping small to mid‑size businesses streamline people‑operations and gain real‑time cost insights.

factorial.co50K+
Founded 2016 – Barcelona, Spain

Funding

No specific funding rounds found.

Total Funding

$120.0M

Backed by

AtomicoGeneral Catalyst

Team (1000+)

No team information available.

Company Description

Problem

Many companies struggle with fragmented HR and finance processes, requiring separate tools for time off, payroll, expense tracking, performance reviews, and document management. This fragmentation leads to manual data entry, errors, and wasted time for HR teams, managers, and finance staff.

Solution

Factorial offers an integrated HR and finance platform that consolidates core people‑operations functions into a single cloud‑based system. The platform automates routine tasks such as vacation approvals, expense reimbursements, payroll calculations, and performance evaluations, reducing manual effort and the risk of mistakes. An AI‑driven assistant generates real‑time reports and cost insights, turning natural‑language queries into actionable analytics for HR leaders, managers, and CFOs. Employees can self‑service through a portal to request time off, view payslips, sign documents electronically, and track their own goals, increasing transparency and engagement. Open APIs and a marketplace of pre‑built integrations allow seamless connection to existing tools, extending the platform’s capabilities without custom development.

Features

Unified dashboard for HR, payroll, time‑off, expenses, talent management, and finance workflows

AI‑powered reporting engine that creates instant cost and performance reports from plain‑language prompts

Employee self‑service portal with electronic signature, payslip access, and request management

Automated payroll processing with real‑time tax and legal updates

Performance management tools including 360° reviews, KPI tracking, and engagement surveys

Time‑tracking and shift scheduling with geolocation and overtime compensation features

Expense management with smart receipt scanning, real‑time tracking, and multi‑level approval workflows

Open API and marketplace integrations to connect with hundreds of third‑party applications

Target Audience

Factorial serves small to mid‑size businesses that need a single solution for HR, payroll, and finance, targeting HR managers, finance leaders, and team supervisors who require automation and data‑driven insights.

Sources:

1
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