Nmbr

Nmbr.co is a Canadian FinTech company that focuses on providing embedded payroll solutions, making it easier for businesses to integrate payroll capabilities into their own software offerings. Established by Simon Bourgeois, Drew Millington, and Kevin Langlois, who were previously executives at Humi—a Canadian HR and payroll software provider—Nmbr leverages their extensive experience to streamline the complexities associated with payroll systems. Their approach aims to reduce the technical challenges and high costs that typically accompany the development of payroll software​

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Nmbr’s primary offering centers around an API-based infrastructure that allows software providers to embed payroll functionalities directly into their platforms. This includes the handling of payroll calculations, tax compliance, and funding flows, essentially turning the time-consuming process of payroll development into a more manageable task that can be deployed within weeks​

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. By allowing companies to add these capabilities seamlessly, Nmbr aims to create a more efficient payroll process that is deeply integrated into various platforms. This is a significant shift from the traditional model, where payroll is usually handled by separate software or third-party providers, leading to potential inefficiencies between departments like HR and accounting​

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The solution Nmbr provides is particularly valuable for vertical SaaS providers, time and attendance software, startups, and financial institutions that want to enhance their service offerings by adding payroll capabilities without having to build everything from scratch. With the help of embeddable front-end components, Nmbr’s infrastructure simplifies the user experience by allowing businesses to customize the way payroll features are presented in their software​

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The startup has quickly made a mark in the Canadian payroll ecosystem. It secured CAD 7.6 million in seed funding, with backers like Panache Ventures, Golden Ventures, and Luge Capital, using this capital to deepen its product offerings and refine its technology. Although Nmbr is currently focused on the Canadian market, it is exploring opportunities for expansion into other regions, reflecting a growing demand for modern payroll solutions that simplify how businesses manage employee payments​

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Nmbr's technology addresses a key challenge in the payroll industry: the outdated infrastructure that many payroll providers rely on, which can hinder innovation and create difficulties in adapting to new business needs. By providing a modern, scalable infrastructure, Nmbr aims to accelerate the launch of payroll products across Canada, and potentially beyond, offering a system that is both adaptable and reliable. This positions the company to potentially support up to half of all payroll software launches in Canada by 2025​

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Beyond its technical offerings, Nmbr is driven by a mission to simplify complex financial processes and to foster growth in businesses through seamless payroll integration. The company emphasizes core values such as integrity, accountability, and respect, aiming to build a culture that prioritizes both customer success and employee well-being​

. This values-driven approach is seen as essential in creating a trustworthy relationship with clients, which include various software providers looking to embed new payroll capabilities into their existing systems​

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The company’s founders drew inspiration from observing the success of similar embedded payroll models in the United States, such as the approach taken by the company Check. By adapting this concept to the Canadian market, they identified a gap in the ecosystem where businesses could benefit from a streamlined and integrated payroll infrastructure​

. Nmbr's strategic approach allows its clients not only to simplify payroll operations but also to enhance customer satisfaction by offering a more integrated and user-friendly experience.

Nmbr’s growth trajectory is also supported by key industry partnerships, including a notable collaboration with RBCx, the innovation arm of the Royal Bank of Canada. This partnership aids in the movement of money, which is critical for the effective execution of payroll services, allowing Nmbr to manage funding flows with reliability and speed​

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Overall, Nmbr is carving out a niche in the embedded payroll market in Canada, aiming to transform how businesses manage and deploy payroll solutions. Its focus on API-driven integration, industry partnerships, and a mission to simplify complex financial products sets it apart as a forward-thinking player in the payroll industry. The company’s ability to reduce the time and resources needed to launch payroll capabilities makes it an attractive partner for software companies and startups seeking to expand their offerings in the competitive financial services space. As Nmbr continues to grow, it has the potential to not only reshape the payroll landscape in Canada but also influence broader trends in embedded financial services globally​

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