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Compensation survey and merit cycle processes are integral to so many businesses, and yet remain time-consuming manual activities. Staff often lack financial training resulting in spreadsheet induced errors. Pave saw a need to update and streamline the process. The core advantage of Pave is its ease of integration with HRIS, ATS and cap table software, creating real-time compensation data views without the need for spreadsheets. Using the software creates a fair and transparent system that management can rely on and employees can respect. The company has seen strong momentum, with backing from big names like Y Combinator and az16. Some organizations have been reluctant to adopt solutions like Pave’s on account of the radical transparency it provides. However, with companies like Credit Karma, Miro and Discord all signing on, Pave has proven its ability to draw lucrative enterprise-level clients. This bodes well for the company’s ongoing success.
Legal Name
:
Trove Information Technologies, Inc.
Headquarters
:
San Francisco, California, United States
Business Model
:
Founding Date
:
2019
No. of Employees
:
151 to 250
Core Team
:
1.
Matt Schulman
Founder and CEO
Total Funding
$163.0M
Investors
:
1.
Y Combinator
2.
Index Ventures
3.
Andreessen Horowitz
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