Payroll4Free.com Inc.

America's Small Business Payroll Service

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Categories
Technology, Financial Services, Service Businesses
Min Investment
$350
Location
BEACHWOOD, OH
Expected Close Date
April 30, 2025
Target Raise
$50.01K-$494.29K
No. Investors
71
Security Price
$17.50
Valuation
$13,654,000
Website
payroll4free.com
Number of Employees
11
Cash
$62,862
Revenue
$466,110
Short Term Debt
$1,006,884
Cost of Goods
$6,000
Long Term Debt
$2,074,319
Net Income
$-302,250

Key Deal Facts

Thousands of very happy clients across the entire United States
Growing fast, rapidly accelerating acquisition rate
2022 client service revenue up 74% compared to same period 2021 (Jan-Jun)
Top choice on review sites including Forbes, Nerd Wallet, Business.org, and SoftwareConnect.
Rated by clients 4.8/5 in service and support
US small business market is 30+ million
Only about 1 million use a payroll service

Management Team / Advisory Board Bios

Michael Rosenberg President & CEOPrior to Payroll4Free.com Mike founded Galaxy Hosted Software LLC and Threshold Data Technology, Inc. He has many years of business leadership experience, with a focus on SAAS and payroll., Marta Mendizabal VP & COOMarta holds an MBA from NYIT and has spent over 16 years with Galaxy Hosted Software managing everything from software design to human resources and financial operations., John Presti VP of Client ServicesJohn has over 35 years of payroll experience. As Operations Manager he directed the startup of Heartland Payroll and growth to 12,000 clients nationally over 12 years. He also spent 18 years with ADP., Carol Emeruwa Director of Payroll Tax ServicesPrior to leading the Payroll4Free.com Tax Department, Carol spent 14 years as a Payroll Tax Accountant for PCC Airfoils, a large, multi-state manufacturing company.
Amount Raised : $111,971
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