Thera
Thera is a cloud‑native platform that consolidates global payroll, contractor and employer‑of‑record (EOR) services, invoicing, and cash management for companies with distributed workforces in over 150 jurisdictions. The system automates tax and regulatory compliance, provides same‑day payouts with multiple disbursement methods, offers high‑yield FDIC‑insured business accounts and low‑cost FX conversion, and integrates via open APIs with existing ERP/HRIS stacks.
- Applications
- Enterprise Software
- Financial Technology
- HR Technology
- Software Only
Funding
Raised to date
$4.5MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Companies expanding internationally must coordinate payroll, contractor payments, and employer‑of‑record (EOR) compliance across dozens of jurisdictions. Existing solutions are fragmented—often requiring separate payroll, AP/AR, and banking tools—leading to high transaction fees, delayed payouts, and administrative overhead.
Solution
Thera delivers a single, cloud‑native platform that unifies global payroll, contractor management, EOR services, invoicing, and cash management. The system automates tax and regulatory compliance for W‑2 employees, freelancers, and EOR hires in over 150 countries, while routing payments through a high‑yield, FDIC‑insured business account. Real‑time FX rates (0.2‑0.5% fee) and multiple payout options enable near‑instant disbursements, with 95 % of payrolls arriving the same day. A unified dashboard and open APIs let finance teams consolidate AP/AR, track spend, and integrate with existing ERP or accounting stacks, reducing manual effort and eliminating hidden fees.
Target Audience
Thera targets fast‑growing SMBs and mid‑market enterprises that employ distributed teams of employees and freelancers across multiple countries and need a consolidated finance operations stack.
Features
- Multi‑country payroll engine supporting W‑2, contractor, and EOR hires in 150+ jurisdictions with automated tax filing and statutory reporting.
- Instant payout network: same‑day payroll for 95 % of runs, plus five payout methods (local bank transfer, card, Wise, crypto, ACH).
- Competitive foreign‑exchange pricing (0.2‑0.5 % spread) and transparent conversion fees, delivering up to 3 % higher net earnings for contractors.
- Integrated AP/AR suite: create, send, and reconcile invoices; batch bill‑pay with customizable approval workflows.
- High‑yield business banking (FDIC‑insured accounts, up to 4.25 % APY) with real‑time cash visibility.
- Open RESTful API and webhooks for payroll, invoicing, and banking data, enabling seamless ERP/HRIS integration.
- Dedicated Slack support channel and AI‑powered chatbot for rapid issue resolution.
- Centralized compliance repository: digital contracts, employee documents, and country‑specific labor law guides.