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.
Funding
$4.5M raised to dateRaised 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
Businesses that hire employees and contractors across multiple states and countries face complex payroll processing, tax compliance, and benefits administration, often requiring multiple disjointed tools and manual effort.
Solution
Thera provides an integrated platform that automates US multi‑state payroll, global contractor payments, and employer‑of‑record services. The system handles tax calculations, filings, and state registrations automatically, while offering localized contracts and compliance for over 150 countries. Payroll, benefits, and expense reimbursements are synchronized with accounting tools, and payments can be made in 130+ currencies through eight payout methods with same‑day withdrawals. A dedicated Slack support channel and migration assistance ensure rapid onboarding and ongoing assistance.
Target Audience
Primary customers are startups, small to mid‑size businesses, and venture‑backed portfolio companies that need unified payroll, contractor, and global hiring solutions.
Features
- Multi‑state US payroll with automated federal, state, and local tax calculations and filings
- Global contractor management with compliant contracts, automated invoicing, and bulk payments in 130+ currencies
- Employer‑of‑Record service for hiring full‑time employees in 150+ countries, including local benefits and statutory compliance
- Integrated benefits administration and HR tools (time off, expense tracking, document storage) with native QuickBooks and other accounting integrations
- Eight payout options (bank transfer, Wise, PayPal, Payoneer, crypto, etc.) and 95% same‑day withdrawal rate for contractors
- Real‑time compliance monitoring and automatic regulatory updates across all jurisdictions
- Dedicated 24/7 Slack support and assisted data migration to launch payroll within days