Wrapbook, a financial services startup whose tools are used for production payroll, has released a new mobile app on the heels of raising $100 million in Series B funding
are among the backers of the company. According to data provided to Deadline, the company’s workforce has expanded from 20 to more than 140 over the past year. Employees with backgrounds at Amazon, Facebook, Shopify and Microsoft have signed on with Wrapook. Also over the past year, there has been a sharp increase in the number of users being paid by two or more employers on the platform, to 30% from 12% last March.
The Wrapbook app aims to help cast and crew complete onboarding, submit timecards, and track pay. It offers touch and face ID and helps users track various filings as they pass through the system. After an initial raise of $27 million in March 2021, the company closed a $100 million Series B funding round in the fourth quarter of 2021, led by investment firm Tiger Global Management. Commitments from new and existing investors, among them WndrCo, Andreessen Horowitz, A*, Uncork Capital and Equal Ventures, boosted Wrapbook’s valuation to $1 billion.
Along with Javid, the company’s exec team includes Chief Marketing Officer Cameron Woodward, Chief People Officer Hesham El-Nahhas and Chief Innovation Officer Naysawn Naji.Must Read Stories
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