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Salarium

From Wikipedia - Reading time: 5 min
This article is about the payroll management company. For the ancient Latin term, see Salary.

Salarium Ltd.
Company typePrivate
IndustryEnterprise software
Founded2013[1]
HeadquartersMakati, Philippines
Number of locations
1
Key people
  • Judah Hirsch (CEO)
Products
  • HRIS
  • Payroll
  • Disbursement
Number of employees
100+
Websitewww.salarium.com

Salarium is a SaaS end-to-end payroll automation company founded by Judah Hirsch in 2013.[2] It is headquartered in Hong Kong[3] and has an office in Manila, Philippines.

History

[edit]

In February 2014, Salarium won a global contest in Geneva, Switzerland, and landed an equity investment worth $500,000 from Seedstars World (SSW).[4][5] In September 2014, Salarium was bootstrapped until it received its first round of investment in 2014 after winning the 2nd Seedstars World (SSW) startup competition.[6]

In March 2015, Salarium signed a partnership with VMoney Inc. to use VMoney's funds disbursement platform to support its payroll automation software.[7]

April 2015, the company formed a partnership with PyxPay, a mobile payment firm, to increase its service offerings under the name of SALPay.[8] This enabled Salarium to pay its employees worldwide using an e-wallet.[9]

In December 2017, SALPay partnered with Union Bank of the Philippines to incorporate its EON platform with the SALPay app.[10]

In 2019, Salarium expanded its operations to within the Philippines. In March, the company began operating in Davao City, Mindanao,[11] and then in Cebu City, Cebu, in July.[12]

In August 2019, Salarium announced the launch of its updated payroll software, version 3.0.[13]

On December 31, 2023, Salarium, a payroll management company in the Philippines, suspended its operations indefinitely [14] following an incident on December 18 that impacted its services; this led to widespread customer complaints about inaccessible funds, accusations of potential financial mismanagement, and concerns about legal and financial troubles affecting both businesses and employees relying on its payroll system.

References

[edit]
  1. ^ "Salarium - About Us".
  2. ^ Villaroman, Michaela. "Founder Spotlight: Judah Hirsch of Salarium Remedying the Payroll Problems". techshake.asia.
  3. ^ Tantiansu, Beverly. "Payroll startup Salarium partners with mobile payment firm PyxPay". e27.co. Retrieved 6 May 2015.
  4. ^ Balea, Judith. "Philippine pride: Salarium wins $500K equity investment from Seedstars World". techinasia.com. Retrieved 6 May 2015.
  5. ^ "Seedstars World 2014". seedstarsworld.com. Retrieved 8 September 2014.
  6. ^ "Salarium Voted Best Startup of the Philippines in the Seedstars World Competition". wheninmanila.com. 7 September 2014. Retrieved 8 September 2014.
  7. ^ "Salarium to use VMoney's platform to support its payroll software solution". Vmoney.com. Retrieved 20 March 2015.
  8. ^ "SALPay Wallet - Apps on Google Play". play.google.com. Retrieved 1 March 2024.
  9. ^ Tan, Bev. "Payroll startup Salarium partners with mobile payment firm PyxPay". e27.co. Retrieved 20 April 2015.
  10. ^ Abudheen, Sainul. "Philippines's payments solutions firm SALPay partners with Unionbank to develop blockchain wallet". e27.co. Retrieved 28 December 2017.
  11. ^ "Salarium Payroll Software Solution Now in Davao". davaolife.com. March 2019. Retrieved 1 March 2019.
  12. ^ "Automating payroll system makes hr job easy, efficient". sunstar.com.ph. 18 July 2019. Retrieved 18 July 2019.
  13. ^ Sollorano, Vic. "Salarium banks on new payroll software to expand client base". msn.com. Retrieved 30 August 2019.
  14. ^ "Salarium Sudden Suspension". techinasia.com. December 2023. Retrieved 31 December 2023.
Licensed under CC BY-SA 3.0 | Source: https://en.wikipedia.org/wiki/Salarium
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