Thera (YC S22)

Thera is a global payments platform that helps businesses hire, pay, and manage their teams seamlessly. Built for fast-growing companies, Thera's all-in-one platform offers a suite of solutions including global payroll, contractor management, employer of record services, and accounts payable/receivable automation. The company emphasizes affordability and ease of use, with contractors earning up to 3% more with Thera compared to other providers. They also offer competitive exchange rates and multiple payout options for contractors, including local bank payments, SWIFT, and Wise.

Thera is backed by reputable investors like Y Combinator, Zillionize, and 10x Founders. They are committed to providing comprehensive support with a dedicated Slack channel for immediate answers and a team of HR and local experts to guide businesses through complex regulations. Thera's mission is to simplify global workforce management and empower businesses to focus on growth rather than administrative tasks. Their mission statement emphasizes a belief that running a global company shouldn't be so difficult.

Thera offers employees and contractors the flexibility to work remotely. They offer a fully distributed workforce and support asynchronous communication, allowing employees to work from anywhere and set their own schedules. This flexibility is highlighted in their marketing materials, which emphasizes their commitment to supporting a modern workforce that values work-life balance and autonomy.

Thera offers a comprehensive package of employee benefits, tailored to the needs of their globally distributed workforce. These benefits include paid time off, public holidays, sick leave, maternity and paternity leave, and a generous severance pay package. Additionally, Thera provides healthcare plans and retirement plans, ensuring the well-being of their employees. These benefits highlight Thera's commitment to attracting and retaining top talent by providing a comprehensive package that supports employee needs and contributes to their overall well-being.

Thera is an all-in-one payments platform designed to simplify the complexities of managing a global workforce. They provide a comprehensive suite of apps for global payroll, contractor management, employer of record services, bill pay, and banking, allowing businesses to hire, pay, and manage their employees and contractors seamlessly across borders while ensuring compliance with local laws and regulations. They aim to empower companies to focus on growth and scale their businesses efficiently without the headache of fragmented financial operations.

Thera promotes a culture of transparency and efficiency, valuing fast onboarding and easy payments for both employees and contractors. They emphasize a streamlined experience and dedicate resources to supporting global teams, including dedicated Slack channels and 24/7 customer service. They also highlight a culture of trust and customer satisfaction, with numerous testimonials from satisfied customers.

Thera actively promotes diversity, equity, and inclusion by emphasizing the benefits of a diverse team for both business success and employee experience. They advocate for proactive hiring practices to prioritize diversity, offer training and resources for managers to combat unconscious bias and microaggressions, and create a culture of open communication and support for employees. Their platform also allows them to manage employees in various countries, respecting their specific legal requirements and cultural differences, ultimately building a welcoming and inclusive environment for a global workforce.