Sigma is a platform that connects U.S. businesses with skilled contractors from emerging markets, facilitating efficient hiring and retention processes. By leveraging a streamlined digital marketplace, Sigma addresses the challenge of accessing diverse talent pools while reducing recruitment costs and time.
Funding
Funding not disclosed
Founders
Product
Problem
U.S. businesses face challenges in efficiently hiring and retaining skilled contractors from emerging markets due to complexities in compliance, international payments, and providing adequate benefits. Existing payroll solutions often overlook the unique needs of international workers, leading to dissatisfaction and high turnover rates.
Solution
Sigma provides an end-to-end global payroll platform designed to simplify the process of hiring, paying, and retaining contractors and employees in over 160 countries. The platform automates onboarding via WhatsApp, manages W-8BEN forms and other compliance requirements, and offers flexible payment options, including USD wallets, local bank transfers, and cryptocurrency. Sigma also enables businesses to provide localized benefits, such as health insurance and retirement plans, to their international workforce, fostering a sense of equality and improving retention. By focusing on both business and worker needs, Sigma aims to create a fair and accessible global payroll experience.
Target Audience
Sigma primarily targets U.S. businesses, including startups and established companies, that hire contractors and employees from emerging markets and seek a streamlined, compliant, and worker-centric global payroll solution.
Features
- Rapid onboarding of contractors and employees via WhatsApp
- Automated W-8BEN form management and AI-powered US ITIN verification for compliance
- Flexible payment options, including US ACH, USD wallets, local bank transfers, and cryptocurrency
- Localized benefits, including health insurance, retirement plans, and social security contributions
- Compliance and reporting hub for managing invoices and tax reporting
- Misclassification monitoring and prevention
- Integration with Wells Fargo for Sigma Wallet services