Niural Secures $31 Million to Innovate Payroll and CFO Solutions
Niural Secures $31 Million for Game-Changing PEO Innovations
Niural, a pioneering AI-native global Professional Employment Organization (PEO), has successfully raised $31 million in Series A funding, led by Marathon Management Partners. This boost is set to supercharge the company’s AI capabilities and support its mission of transforming the operations of CFOs in rapidly growing businesses.
Addressing the Back-office Challenges
The payroll sector has faced a persistent lack of innovation, relying heavily on outdated systems that date back to the 1980s. Traditional PEOs often fall short in catering to the needs of today’s expansive and decentralized teams. As a result, often companies are forced to utilize multiple vendors, leading to a fragmented setup that complicates the implementation of effective AI solutions.
Niural confronts this challenge head-on by introducing a groundbreaking global PEO platform that integrates multiple functionalities into a seamless experience. After several years of development, Niural’s platform boasts proprietary tax engines, a streamlined payment infrastructure, and EMMA—the first executional AI coworker in the industry, which collectively empower clients to:
- Save over 60 hours monthly in operational tasks.
- Cut HR and foreign exchange costs by as much as 50%.
- Reduce payroll inaccuracies by 90%.
Innovative Solutions for CFOs
While primarily recognized as a PEO, Niural's offerings transcend traditional payroll tasks and extend to comprehensive CFO functions. Gokul Rajaram from Marathon emphasized the complex nature of payroll, stating, "Payroll represents one of the most intricate financial technology hurdles a business encounters." Rajaram praises Niural for revolutionizing payroll with a freshly designed AI-native fintech infrastructure that allows for unprecedented agility and innovation.
Co-founders Nami Baral and Nabin Banskota bring a wealth of experience to the table. Baral, the CEO, is known for his previous venture, Harvest, which introduced AI to the consumer finance sector. Meanwhile, Banskota, as President, offers a strong background in financial leadership, ensuring a deep understanding of operational and compliance necessities.
The Bright Future Ahead
Nami Baral describes Niural as being at the forefront of transformative shifts across the industry. He notes, "With the integration of agentic AI, we’re transitioning from archaic record-keeping systems to intelligent, reliable systems that will support businesses for years to come."
Banskota adds, highlighting the product's value: "For many finance professionals focused on growth, Niural represents a dream solution. Companies beginning with our PEO services often replace multiple existing tools, which underscores the positive feedback from our clientele.”
Niural has demonstrated impressive growth, reporting a striking 700% annual recurring revenue (ARR) increase last year and expanding its client roster to include prominent firms like Tensor, Polygon Labs, Mob Entertainment, Slingshot AI, and Karate.com.
David Kuhn, General Counsel at Karate.com, notes, "Niural has become an indispensable part of our operations. Initially using only one product, we now rely on their entire suite for managing subsidiaries, complex payments, and meeting extensive compliance obligations with ease."
About Niural
Niural stands out as the first AI-native PEO platform designed specifically to handle payroll, global compliance, and payment processes, with the innovative EMMA—an AI coworker enhancing operational efficiency. Founded by visionary entrepreneurs Nami Baral and Nabin Banskota, Niural delivers tailored solutions for the rapidly evolving needs of small to mid-market organizations, making HR and finance operations scalable across domestic and international boundaries.
About Marathon Management Partners
Marathon Management Partners is a multi-stage investment firm that collaborates with ambitious founders determined to redefine their market sectors through software and fintech innovations. Established by Gokul Rajaram, Michael Gilroy, Chase Packard, and Alex Gorgoni, Marathon merges operational prowess with strategic capital, nurturing businesses from inception to extensive growth. The firm operates from key locations in New York, Menlo Park, and Los Angeles.
Frequently Asked Questions
What is Niural's focus as a PEO?
Niural specializes in providing AI-driven solutions to optimize payroll, compliance, and operational efficiencies for rapidly growing companies.
Who are the founders of Niural?
Niural was co-founded by Nami Baral and Nabin Banskota, both of whom have extensive backgrounds in the technology and finance sectors.
How does Niural's platform benefit companies?
Niural's platform helps companies save time, reduce costs, and minimize payroll errors, allowing them to focus more on strategic growth initiatives.
What unique feature does Niural offer?
Niural introduces EMMA, an executional AI coworker designed to improve operational efficiency and streamline workflows in financial operations.
How has Niural performed financially?
Niural has achieved remarkable traction with a 700% growth in annual recurring revenue last year and has attracted a diverse client portfolio.
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