Workstride.com, Inc.
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Workstride.com, Inc. - overview
Established
1999
Location
New York, NY, US
Primary Industry
Software
About
Workstride. com, Inc. provides innovative payment and engagement solutions designed to modernize payroll systems and enhance corporate expense management for diverse industries including healthcare and government. Workstride.
com, Inc. is known for delivering modern payment solutions and was founded in 1999 in New York, US. The company underwent a significant change when it was acquired by Prepaid Technologies Company, Inc. in July 2022 from Riverside Company.
The CEO is Tom Silk, who has a history of leadership in tech and payment solutions. Workstride. com, Inc. specializes in comprehensive payment and engagement solutions tailored to enhance payroll systems and corporate expense management.
Their main offerings include dashPay for electronic payroll delivery, dashSpend for streamlined expense management, dashDisburse for secure fund disbursement, and dashReward for enterprise recognition programs. These solutions serve a wide range of clients across sectors such as healthcare, government, and manufacturing, with a strong focus on the United States market. Workstride. com, Inc.
generates revenue through B2B transactions and partnerships, primarily via subscription-based services for products like dashPay and dashSpend. The revenue model includes usage fees based on transaction volumes and additional income from dashReward prepaid card distribution, which supports client incentive programs. Following the acquisition by Prepaid Technologies Company, Inc. on July 12, 2022, there are plans to enhance product offerings in enterprise payment solutions.
The acquisition aims to leverage new product designs and expand into additional markets, with specific targets for growth in sectors requiring advanced payment solutions. The additional resources from the acquisition will support these initiatives, ensuring that Workstride. com, Inc. is well-positioned for future development.
Current Investors
Edison Partners, Top Tier Capital Partners, StepStone
Primary Industry
Software
Sub Industries
Sales & Marketing Software, HR & Workforce Software, Analytics & Performance Software
Website
www.workstride.com
Verticals
Cloud Computing, Mobile Apps
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Workstride.com, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Workstride.com, Inc. | - | ||||||||
| Growth | Completed | Workstride.com, Inc. | - |
Displaying 1 - 2 of 2
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.