Silta Oy

Silta Oy is a Finnish company specializing in payroll management and human resource services, providing tailored solutions that ensure reliable salary payments for over 100,000 employees in Finland. Founded in 2001, Silta Oy is headquartered in Helsinki, Finland, and operates in the payroll management and HR services sector. The company underwent a significant pivot in May 2012 when Sentica Partners acquired a 50% majority stake from Logica for GBP 1. 1 million.

The latest investment round has raised a total amount of GBP 1. 1 million. The CEO of Silta is Toni Leppänen. Silta specializes in payroll management and human resource services, providing expert solutions tailored for over 100,000 employees in Finland, ensuring reliable and timely salary payments.

The company's core offerings include payroll processing, HR consulting, PEO services, and mobile HR analytics through its Simo application. Simo facilitates real-time access to critical payroll information for employees and enables secure document sharing related to payroll processes. Silta’s human resource services support strategic planning and operational HR tasks, offering businesses the tools needed to adapt to legal and system changes, thereby enhancing internal efficiency. The company primarily serves the Finnish market but also caters to foreign companies employing workers in Finland without a local subsidiary.

In 2023, Silta reported a revenue of GBP 25,597,237. 20 and an EBITDA of GBP 1,013,091. 20. Revenue generation is primarily derived from its service offerings, structured around subscription models for its payroll and HR services, as well as consulting projects.

Clients typically engage Silta for ongoing payroll management and human resources support, establishing a contractual relationship that ensures consistent service delivery. The Simo application exemplifies a flagship product, enhancing the user experience for employees while reinforcing the company's value proposition in payroll management. Revenue streams may also include one-time consulting fees for businesses transitioning to new systems or requiring specific operational optimizations. Overall, Silta’s client base comprises both domestic companies and foreign entities, with a focus on delivering tailored solutions that streamline their HR processes and payroll functions.

Following the acquisition in May 2012, Silta has focused on refining its service offerings and enhancing its product portfolio. The company plans to introduce new features in its Simo application and is exploring opportunities for expansion into other Nordic countries by 2025. Recent funding will be utilized to support these initiatives, particularly in enhancing technology capabilities and marketing efforts to penetrate new markets.