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Tom Sagi
Co-founder and CEO at Hourly
Tom Sagi is the co-founder and CEO of Hourly, a platform designed to simplify payroll, time tracking, and workers' compensation for small businesses. He has been in this role since October 2018, after previously running a construction company where he experienced firsthand the challenges of managing payroll for hourly workers. This experience inspired him to create Hourly to alleviate the tedious processes involved in payroll management.123
Background and Experience
- Previous Role: Before founding Hourly, Sagi was the principal at Exact Builders, Inc., a company he co-founded in 2008 that focused on developing luxury homes in Silicon Valley. His frustrations with payroll management during this time led to the conception of Hourly.14
- Hourly's Mission: Under Sagi's leadership, Hourly aims to provide a seamless solution that combines payroll processing, time tracking, and workers' compensation into one mobile-friendly platform. This integration helps small business owners manage their workforce more efficiently and reduces the complexity of compliance with labor regulations.24
Achievements
- Funding: Hourly has successfully raised significant funding, including a $32 million Series A round, which has enabled it to expand its services and enhance its platform capabilities.35
- Innovative Approach: The platform is particularly focused on mobile employees and aims to streamline processes that typically require extensive manual input. By automating payroll and integrating workers' compensation data, Hourly allows businesses to save time and reduce errors associated with traditional payroll methods.45
Vision for the Future
Sagi envisions Hourly as a leader in providing integrated solutions for small businesses, emphasizing the need for user-friendly technology that simplifies complex administrative tasks. The company continues to expand its reach and enhance its offerings to better serve its growing customer base.34
Highlights
Jan 31 · embedded.gusto.com
Hourly: Innovating Payroll and Workers' Comp for Small Businesses
Nov 26 · businessinsider.com
How I Nailed My Pitch to Raise $32 Million in a Tight Market
Mar 4 · vator.tv
Interview with Tom Sagi, CEO and co-founder of the employee ...