Shor provides a platform for hiring international employees and contractors with end‑to‑end payroll in over 100 currencies. Users can fund payroll in USD, EUR, or GBP, and Shor handles FX conversion at a flat 2% margin, delivering same‑day local payments and compliant contracts with built‑in tax forms. The service includes dedicated founder support via Slack and transparent pricing without setup fees or hidden fees.
Funding
$500K 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
Startups often need to add international employees or contractors quickly, but traditional hiring and payroll services involve lengthy onboarding, hidden fees, and complex currency conversions that delay payments and increase costs.
Solution
Shor provides a streamlined platform that lets startups hire and pay international staff in a single call, with compliant contracts and payroll processed in over 100 local currencies. Users pre-fund a single account in USD, EUR, or GBP, and Shor converts at a disclosed flat 2% FX margin, delivering same‑day payouts via local payment rails. The service includes country‑specific contract templates with built‑in tax form collection and e‑signatures, ensuring legal compliance for both contractors and full‑time employees. A dedicated Slack channel connects founders directly to a Shor team member for real‑time support, bypassing traditional ticket queues. Pricing is transparent with no setup fees, no hidden spreads, and a per‑person monthly fee that is lower than typical EOR providers.
Target Audience
Primary customers are early‑stage startups and growth companies that need to hire international contractors or full‑time employees quickly and cost‑effectively, particularly those operating across Asia, Latin America, Africa, the Middle East, and Europe.
Features
- Locally‑compliant contract templates for contractors, employees, and milestones with built‑in W‑8BEN/W‑9 collection and e‑signature workflow
- Payroll processing in 100+ currencies with same‑day local payouts via UPI, SEPA, PIX and other regional rails
- Flat 2% disclosed FX margin and full cost transparency on every invoice line item
- One‑click funding via ACH, wire, or bank transfer, with auto‑funding the night before payday
- 24/7 settlement layer that converts and settles funds in seconds, including weekends and holidays
- Direct founder support through a dedicated Slack channel for immediate issue resolution
- Month‑to‑month pricing with 30‑day cancellation and no minimum commitment