Poppins Payroll Company, LLC

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Poppins Payroll Company, LLC - overview

Established

2016

Location

Boulder, CO, US

Primary Industry

Financial Services

About

Poppins Payroll Company, LLC, based in the US, offers streamlined payroll and tax services tailored for household employees, ensuring compliance and efficient management for families employing domestic help. Poppins Payroll Company, LLC specializes in payroll services for household employees. Founded in 2016 in Boulder, US, the company has maintained a consistent strategy focused on serving families with household staff. The founder's history and prior ventures are not detailed.


Poppins Payroll® provides payroll and tax services for household employees, including nannies, housekeepers, and senior caregivers. Their subscription-based platform simplifies payroll management, ensuring accurate tax filings and compliance with regulations. The service automates payroll calculations and generates necessary documentation such as W-2s and Schedule H, targeting families and individuals across various demographics in the US who require streamlined domestic employment management. Poppins Payroll operates on a subscription revenue model, starting at USD 49 per month for payroll services for one employee.


Clients can opt for additional features through higher-tier plans, and fees apply for year-end tax documents if services are terminated before a quarter or calendar year concludes. This model establishes predictable revenue through direct transactions with consumers. Following the acquisition by Spectrum Equity, Poppins Payroll plans to enhance its product capabilities and infrastructure to meet market demand. Specific strategies include developing new products and expanding operations, although exact products and timelines have not been disclosed.


The recent funding will facilitate talent acquisition and operational scaling to support these growth initiatives.


Current Investors

Spectrum Equity

Primary Industry

Financial Services

Sub Industries

Accounting Services, e-Financial, Accounting/Finance Software, HR & Workforce Software

Website

www.poppinspayroll.com

Verticals

Cloud Computing, Mobile Apps

Company Stage

Mature - Buyout

Total Amount Raised

Subscriber access only

Poppins Payroll Company, LLC - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
BuyoutCompletedPoppins Payroll Company, LLC-

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