Cintra HR & Payroll Services Ltd

Cintra HR & Payroll Services Ltd specializes in providing integrated cloud-based HR and payroll solutions, enhancing efficiency and compliance for businesses across various sectors, including education and retail. Cintra HR & Payroll Services Ltd, founded in 1981 in the UK, offers cloud-based payroll and HR solutions. The company was acquired by Tenzing Private Equity on September 23, 2020. Cintra's founder has a history of establishing companies in the HR technology space.

Cintra HR & Payroll Services provides an integrated suite of cloud-based HR and payroll solutions designed to enhance operational efficiency and compliance for businesses across various sectors. Their core offerings include customizable payroll software, payroll outsourcing, and comprehensive HR software, which seamlessly integrates functions such as human resource information systems (HRIS), performance management, and employee engagement analytics. The solutions cater to diverse customer segments, from small businesses to multi-site organizations, aiming to simplify payroll processing while ensuring accuracy and compliance with ever-changing regulations. Cintra's products are marketed in the UK and beyond, serving clients in sectors such as education, financial services, retail, and logistics, among others.

The company emphasizes a proactive and supportive approach by investing significantly in cybersecurity and customer feedback mechanisms to drive continuous product improvement. In the fiscal year 2024, Cintra generated revenue of USD 12. 20 mn with an EBITDA of USD 1. 10 mn.

The company operates on a B2B model, primarily generating revenue through subscriptions for its software services and payroll outsourcing solutions, with clients paying a recurring fee based on the chosen service package. Following its acquisition in 2020, Cintra HR & Payroll Services plans to leverage its recent funding to develop new products aimed at enhancing client services and expanding its market reach. The company is targeting specific geographic regions for expansion, focusing on increasing its presence in the education and financial services sectors by 2025. The financial backing from Tenzing Private Equity will support these initiatives, allowing Cintra to innovate its offerings and strengthen its operational capabilities.