myBasePay closed a $60 million funding round to help enterprises, suppliers, and contingent workers thrive.
$60 Million to Transform the Contingent Workforce
myBasePay has closed a $60 million funding round, marking a major milestone for the company and its mission to help enterprises, suppliers, and contingent workers thrive. The investment from BMI Financial Group will fuel the company's continued expansion of its AI-powered Employer of Record platform.
As advocates for the contingent workforce, myBasePay has built its platform around a simple but powerful principle: every worker deserves to be paid accurately, on time, and in full compliance with the law. The $60 million round enables the company to scale that mission across new markets and industries.
Rapid Growth Since Launch
Since its launch, myBasePay has achieved impressive traction across the staffing industry. The company now serves 67 enterprise customers and 32 staffing agencies, with a 50% growth rate and $35 million in projected revenue. These numbers reflect the urgent market need for a modern, technology-driven EOR solution.
Diversity as a Competitive Advantage
myBasePay's team composition reflects its values. As a 100% minority-owned company led by a Navy veteran, with 67% minority and 58% female staff, myBasePay demonstrates that diversity is not just a corporate talking point but a genuine competitive advantage. The company's diverse perspectives drive better decision-making, deeper empathy for workers, and more innovative solutions.
AI-Powered Technology at the Core
At the core of myBasePay's platform is AI-powered technology designed to automate compliance checks, streamline payroll processing, and provide real-time visibility into workforce operations. The investment will accelerate the development of these capabilities, including advanced risk detection, predictive analytics, and intelligent workflow automation.
"We are building the most modernized Employer of Record platform in the industry. Our technology does not just process payroll. It ensures compliance, manages risk, and empowers staffing firms to grow without the operational burden that has traditionally held them back." — Cesar Jimenez, Founder, myBasePay
"Our mission is to empower talent acquisition teams and staffing firms with the tools they need to compete in a rapidly evolving market. This funding allows us to invest in the technology and the people that will make that mission a reality." — Jahn Karsybaev, Co-Founder, myBasePay