Quinyx
“Can an AI-native workforce management platform become the operating system for frontline hourly labor without needing to own the payroll/finance rails itself?”
Founded2005
HQStockholm, Sweden
FoundersErik Fjellborg
Total raised~$90M+ disclosed
Latest round$50M growth round led by Battery Ventures (2021)
IndustryVertical SaaS / Workforce Management
The story
Quinyx started as a shift-scheduling tool inspired by McDonald's operational pain and grew into a full AI-powered workforce management platform for frontline industries (retail, logistics, hospitality, healthcare, facilities). The company has stayed focused on WFM rather than expanding into embedded finance itself — instead partnering with payroll, HR, and on-demand-pay providers via its integrations marketplace.
Last 12 months
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Product timeline
2005
Quinyx founded in Stockholm by Erik Fjellborg after working at McDonald's; cloud-based workforce scheduling.· launch
2014
Alfvén & Didrikson invests; company expands across Europe.· funding
2019
$25M round with Battery Ventures backing SMB/enterprise scale.· funding
2021
$50M growth round to accelerate US expansion and AI-powered WFM.· funding
2024
Acquired Widget Brain earlier (AI scheduling) — legacy DPAs still reference Widget Brain B.V.· acquisition
Acquisitions
The stack
1 layer disclosed in Quinyx’s embedded-finance stack
Accounting gap: minor