7shifts
“Can the restaurant scheduling system of record own the money movement — payroll, tips, and earned wage access — for hourly restaurant workers?”
Founded2014
HQSaskatoon, Saskatchewan, Canada
FoundersJordan Boesch
Total raised~$120M+
Latest roundSeries C, 2021
IndustryVertical SaaS / Restaurants
The story
Founded 2014 as a restaurant employee scheduling app, 7shifts has steadily expanded into a full team-management and pay platform for restaurants. After a $80M SoftBank-led Series C in 2021, it moved from scheduling into embedded payroll (via Check), tip payouts, and on-demand pay (via Clair), positioning itself as the financial + operations OS for the 55,000+ restaurants it serves. It has processed $1B+ in payroll — the embedded-finance angle is turning shift data into pay rails, not building a bank.
Last 12 months
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Product timeline
2014
7shifts founded by Jordan Boesch in Saskatoon to solve restaurant scheduling.· founding
2019
$10M Series A to accelerate labor management platform.· funding
2020
$21.5M Series B led by Danny Meyer's Enlightened Hospitality Investments.· funding
2021
$80M Series C led by SoftBank Vision Fund 2.· funding
2022
Launched 7shifts Payroll via partnership with Check Technologies.· banking
2023
Launched Tip Payouts and On-Demand Pay (earned wage access) powered by Clair.· lending
The stack
4 layers disclosed in 7shifts’s embedded-finance stack
Payments / PSP
Lending
in the full report
Payroll
in the full report
Accounting
in the full report
Accounting gap: minor
10 more providers across 3 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.