Hey folks,

Brad here, writing from Tampa, FL. We're on the final day of the 9th annual Startup of the Year competition, presented by ReliaQuest, Hosted by Embarc Collective and powered by Established. The few days we've spent here have been great, listening to successful founders, investors, fund managers, the Tampa Bay Lightning owner, NFL Hall of Famer Derrick Brooks, among many others.

I'm with Rob and Andy, and we had the opportunity pitch KarbonPay to the group of judges. Coming here we were in the Top 100 Startups in the US for 2021. Today, we were named in the Top 15.

We'll be flying back to Dallas tonight and have lots of connections in the capital space we'll be reconnecting with.

Thanks, as always, for your continued support.

Brad, Rob and Andy

Hello KarbonPay Investors and Followers,

Thank you so much for your involvement on our fundraising journey on StartEngine. Whether you have invested, asked a question, or followed us to keep track of our progress, we appreciate you.

Our campaign will be ending early with a new closing date of Monday 31 January 2022. We will continue to accept commitments until then and investors who have made commitments will have up to 48 hours before the new deadline to cancel their commitments.

We will be reaching out to all our investors soon with an update on our plans moving forward, and will also look to host a webinar where we'll share some more detailed information with investors.

2022 looks to be an exciting year for us, and we wish the same for you and yours.

Brad and the team at KarbonPay

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, KarbonPay has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in KarbonPay be on the lookout for an email that describes more about the disbursement process.

This campaign will continue to accept investments until its indicated closing date.

Thanks for funding the future.

-StartEngine

Hello folks,

We're pleased to share that KarbonPay has been listed in the 9th annual Top 100 Startups of the Year, powered by Established (many of you may be familiar with their Daily Deal Flow email).

We'll be heading to Tampa, FL next month to pitch KarbonPay and compete for the top spot.

Your support and our campaign momentum plays a pivotal role to our ability to gain continued traction and awareness for KarbonPay, and we appreciate it.

We'll keep you posted!

Hey folks,

Making the decision to invest in a startup can be intimidating. Our updates will continue to serve as a way to keep you in the loop so you can track our progress and make informed decisions.

In this vein, I wanted to share some of the insight our investors have shared as critical reasons for their decision to invest in KarbonPay. It's people like these, who see the potential of our vision and back us furiously, that help us do what we need to do.

All Testimonials made on WeFunder

I've just selected a handful of brief investor testimonials, and encourage you to read each one if you are thinking about investing in the future of KarbonPay. Please be aware that these testimonials may not be representative of the experiences of other customers and are not a guarantee of future performance and success.

Fares Ksebati, CEO MySwimPro: 

"This is a large and growing market opportunity. Scaling a team and paying them across multiple countries is a massive challenge and this founding team is tackling solving this problem. Strong early traction and focus on delivering value to their early users. "

Todd Folk, Founder AppApp: 

"This is a huge space to be in - with more companies allowing the ability to work remotely - the probability of having to pay more international grows for smaller companies."

Stephen Gellatly, Serial Angel Investor:

Serious box ticker for me. Massive upside out there. Go get it....

John Hwung, Angel Investor:

In COVID & post-COVID world, cloud-based full automation technology is the future. But what impressed me the most is the CEO's (Brad Price) patient and cautious way of selecting his team members with right skill sets and his way of software development -- test every scenario! It is the people that make a company successful. Technology is a closely second.

Ryan Kirkpatrick, Angel Investor & Founder:

This kind of opportunity to invest behind Brad and KarbonPay was one it was easy to be enthusiastic about. Brad has not disappointed since my first dollar was deposited. One of the strongest business principles I've lived by over the years has been to invest in people first and product second.  In this case, both are winners. The truth around KarbonPay is the product is meeting a real need at a very attractive price through essentially scaling better efficiencies in the digital payroll process internationally. Now that we’ve moved on from the dreaming phase to reality, the foundation is set and I expect the growth of this product and its success to be strong in the coming months.  Brad’s natural ability to define objectives and execute plans to get there gives me great confidence in the future of this product. I’m happy to be behind this with my time and money.

Josh Nickell, Angel Investor:

I’ve personally experienced the pains of global payroll for remote and distributed teams and know there are very few solutions to the problem.

Richard Goozh, Angel Investor, VC:

I have other investments in the Payroll sector and find your business model interesting.

William Miller, Angel Investor:

Very satisfied by what Brad and his team have implemented so far in rapidly getting market acceptance for their scalable SaaS platform. His team are actively focused on growth drivers such as key partnerships, software integration with accounting software standards such as Xero, and devoting critical attention to software security to sustain a stable recurring and growing revenue stream.

Danny Matthis, Angel Investor:

Looks like one of the best payroll systems I have seen to date based on software and cloud based plus I like the enthusiasm of the Founder and staff as well as the lead investor. Looks to have a very aggressive sales force and a super high closure rate. Also not too expensive per month per employee charges to a company using the services. Very fair pricing. Has great potential and is expanding business operations and acquisitions daily. Expanding into other countries as well. US based operations from TX.

Jeff Toler, Patent Attorney:

I have experienced the vendor payroll problems you are addressing. The problem is significant. I hope you solve it.

Thanks for reading, folks!

Brad & The KarbonPay Team

We are beyond excited to share this news with you all. KarbonPay has been named in the Top 10 HR Tech Startups of 2021, by HR Tech Outlook, the number 1 HR Tech publication in the US (per medium.com).

Furthermore, HR Tech Outlook asked KarbonPay to be featured in their cover story for this year's startup edition.

Click here to read the full feature on KarbonPay.

Thanks for your support and for following our campaign. Join us today with your investment.

StartEngine / KarbonPay Community,

Just this month, Alight released a new report finding that 40% of companies plan to modernize their payroll systems by 2023. The intent is to replace their antiquated systems with technology that moves them toward more rapid calculation and payment methods. 

Our entire message at KarbonPay is based on: latest cloud technologies, automated and instant calculation, and integrated cross-border payment options.

Time and time again, data being published by third parties continues to validate the mission of KarbonPay. Still, other players continue to seek aggregation of local providers and tools rather than a single system that can calculate and process compliant payroll for cross-border customers.

Previously, this kind of movement toward cloud-based payroll solutions was projected to crescendo towards 2026. It continues to become a more and more pressing need for international companies as globalization trends continue to increase.

We are working aggressively to remain at the forefront of this shift, and we need your help to get it done. We invite you to invest today so that you can be a part of our journey, too.

See the report summary here.

Hi folks,

I've spent a couple days this week with Global Payroll Leaders in Las Vegas. These payroll leaders oversee global payroll teams for companies like Reddit, Salesforce, Wise, KPMG, Chewy and other big names. I've engaged in the most interesting conversations with these leaders to understand in their own words more about their global payroll challenges.

I wanted to share a few of my learnings:

1. Most, if not all, global payroll teams are still using Excel during critical phases of the payroll process. I asked why - the answer? Their payroll software providers offer limited capabilities and they are forced to process critical parts of the process manually.

2. Case Study: "Our CEO asked for a report of our employee headcount and he wanted to track the number in an ongoing way. Given the disparity of our data across countries, we had to do the following: Every month over a period of 3 weeks, 4 of us would get together to gather data and then scrub, validate, vet and test - all just to provide a headcount report to the CEO."

3. Case Study: "We have employees in 26 countries. We are using 23 payroll vendors. We have no access to master file data for any employee, except in the US. We have no access to data."

4. Case Study: "One of our executives asked us for a YTD report - we had to ask our payroll provider in that country, and it cost us an additional 5,000 EUROS for a simple YTD report."

5. Access to data is a problem for every global payroll team in the world. Disparate systems do not work.

6. Case Study: "Our Sales Lead asked for a Commissions report - I had to go to 5 different sources to ask for the local data which came in different currencies and languages. Then I had to try and consolidate the data to provide an overview."

7. Case Study: "We have employees in 11 locations - we have a PEO for 5 of them, and 6 separate vendors for the other 6."

8. Case Study: "Our provider gives us processed payroll data back in a format that doesn't allow keyword search / vlookup. So I have to manually look through data for 100's of employees to find specific items for checks.

Over and over again, I've heard these astonishing stories that paint a picture of ineffectual global payroll process limitations, caused by a lack of technology and access to data.

As I shared the capabilities of KarbonPay with these leaders, their eyes lit up. The ability to pull consolidate reports in realtime, across locations, in a language of your choice changes the game for global payroll teams of all sizes. We received incredible validation of our product and where we're going, simultaneously backing up the uses of our funds for this raise as we seek to rapidly expand the countries our platform can host.

Our team is motivated after a remarkable event in Las Vegas and we're more committed than ever to solving the real problems of the people we met.

Thanks for reading, folks!

Brad & The KarbonPay Team

Hi folks,

Brad Price here, CEO at KarbonPay. First, I just wanted thank you all for your support. In just 2 weeks we've raised $229k and we're thankful to each and every one of you for your investments.

Though the weather in Dallas is getting colder, we're turning up the heat with our operations as we deploy our capital for growth and expansion.

We've just hired a new member to the team, Ben, who'll be joining us soon as a software developer. Ben brings great experience to the team and has the added benefit of having worked with two of our existing developers before.

We've also initiated new sales strategies in multiple locations which are designed to increase our demo bookings and sales pipeline.

Our primary good news we wanted to share with you today is that KarbonPay was awarded 1st place in FinTech at the Go Global Awards, run by the International Trade Council. We are extremely grateful for the award, as there were more than 1,500 FinTech companies considered. This great achievement is something we could not have done without the support of our investors. This is a shared victory for us all.We're going to post frequent updates to keep you all in the loop as we progress, and as always we welcome your feedback and questions.

Thanks to you all,

Brad & Team at KarbonPay