Hourly

Hourly is a financial technology company that provides an integrated platform for payroll, time and attendance tracking, and workers' compensation insurance, specifically designed for small and medium-sized businesses with hourly employees. Founded in 2018 and headquartered in Palo Alto, California, the company aims to simplify complex administrative tasks for business owners in industries like construction and contracting.

The company was co-founded by Tom Sagi (CEO), the late Shay Litvak (CTO), and Amir Faintuch (Executive Chairman). Sagi's inspiration for Hourly came from his personal experience running a construction company, where he faced the frustrations of manual payroll processing and the difficulty of accurately calculating workers' comp premiums. This firsthand knowledge of the pain points for businesses with a variable workforce drove the creation of a mobile-first platform to solve these specific challenges. Faintuch brought his background as a tech entrepreneur and senior executive, while Litvak contributed two decades of technology experience.

Hourly's core offering is a unified, cloud-based platform that syncs time tracking with payroll and workers' compensation. Its key feature is the ability to calculate workers' compensation premiums based on real-time payroll data, rather than annual estimates. This pay-as-you-go model helps businesses avoid large, unexpected bills or overpayments at the end of the year, which can occur when payroll is underestimated or overestimated. The platform is available as a mobile application for both Android and iOS, allowing for on-the-go management. Features include GPS-based time tracking to ensure employees clock in at the correct job site, automated payroll tax calculations and filings, and same-day direct deposit. The business generates revenue through a subscription-based model, with tiered pricing plans that charge a monthly base fee plus a per-employee fee.

Since its founding, Hourly has reached several key milestones. The company raised a $7.15 million seed round in December 2019 and a $27 million Series A round in May 2022, led by Glilot Capital Partners, bringing its total funding to over $34 million. In July 2025, it was announced that Hourly would merge with WeSure US in a deal that valued the combined company at $53 million, with Hourly becoming a wholly-owned subsidiary. The merger and an additional $10 million in funding are intended to help the company expand its services across the United States.

Keywords: payroll management, workers' compensation insurance, time tracking software, pay-as-you-go workers' comp, HR technology, fintech, insurtech, small business payroll, hourly employee management, construction payroll, mobile payroll app, GPS time clock, automated tax filing, direct deposit, employee management platform, SMB solutions, Series A, workforce management, labor cost management, payroll automation