Factorial, a startup out of Barcelona that has built a platform that lets SMBs run human resources functions with the same kind of tools that typically are used by much bigger companies, is today announcing some funding to bulk up its position: the company has raised $80 million, grant that it will be using to expand its operations geographically — specifically deeper into Latin American markets — and to continue to augment its product with more features.
the size bracket that it is. “But that is the limit. This is the segment that needs the most help. We see other competitors trying to move into SME, and they are screwing up their product by making it too complex. SMEs want solutions that have as much data as possible in one single place. That is unique to the SME.” Customers can include smaller franchises of much larger organizations, too: KFC, Booking.com, and Whisbi are among those that fall into this category for Factorial.