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Gusto, Founded, November 2011; 9 years back (2011-11) (as Zen, Payroll)Area served, Secret individuals, Joshua Reeves (CEO)Edward Kim (CTO)Tomer London (CPO)Lexi Reese (COO)Mike Dinsdale (CFO)Danielle Brown (Head of People)URL Gusto (previously Zen, Payroll) is a business that offers a cloud-based payroll, benefits, and human resource management software application for companies based in the United States.

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Gusto is operational in all 50 US states. History [edit] Gusto became part of Y Combinator's Winter season 2012 batch. The service launched formally on December 11, 2012 in California by Joshua Reeves and Edward Kim. On June 12, 2013, Gusto announced assistance for paying contract employees, including ensuring of tax compliance (by submitting the pertinent Type 1099 and other paperwork).
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The company likewise announced strategies to launch services in Florida, Texas, and New york city state. In August 2013, Gusto announced that it had actually crossed $100 million in payments processed yearly, and was introducing in Florida, Texas, and Washington state. In Go Here For the Details , Gusto revealed its application programs interface (API) and collaborations with over a lots small and medium organization (SMB) back-office service companies.
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In April 2015, Gusto revealed support for all 50 states. In July 2015, Gusto announced that it had actually broadened its organization and opened a new office in Denver, Colorado. In September 2015, it was revealed that Zen, Payroll had changed its name to Gusto, and was expanding its focus to integrate health benefits and employees' settlement into its payroll software application.

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In 2019, Gusto revealed the opening of its 3rd location, the brand-new office is located in New York City. In 2020, Gusto is making a push to sign up more accounting companies as partners and earn its Individuals Advisory Certification. In June 2021, Gusto revealed that it will now offer part of its service by means of an API to external platforms.
Funding [edit] In December 2012, Gusto revealed that, back in April 2012 upon finishing from Y Combinator's Winter season 2012 class, Zen, Payroll had raised the largest seed round for a Y Combinator start-up. The total amount of $6. 1 million was raised from investors including Box CEO and co-founder Aaron Levie, Yammer CEO and co-founder David O.