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Rippling

Can a unified employee-data platform become the operating system for every financial and IT workflow a business runs — from payroll to corporate cards to global contractor payments?

Founded2016
HQSan Francisco, CA, USA
FoundersParker Conrad, Prasanna Sankar
Total raised$1.8B
Latest roundSeries F, 2024
Valuation$13.5B (2024)
IndustryHorizontal SaaS / HR & Payroll
The story

Founded in 2016 by Parker Conrad after his departure from Zenefits, Rippling started as an HR + IT platform with a thesis that a single employee record could automate downstream systems. Over time it expanded from HRIS/payroll into IT management (device management, IAM) and then into financial services (corporate cards, expense management, global contractor payments). By 2024 it had assembled a full procure-to-pay Finance Cloud alongside its HCM suite, competing directly with Brex, Mercury, and Ramp on spend management while also rivaling Deel on global EOR and contractor payroll.

Last 12 months
2024-03
2025-11
Product timeline
2016
Founded by Parker Conrad (ex-Zenefits CEO) and Prasanna Sankar as a unified HR and IT platform automating employee onboarding and app provisioning.· pivot
2020
Raised Series B ($145M), reached unicorn status, expanded payroll and benefits offerings.· banking
2021
Launched Rippling Spend (corporate cards, expense management, bill pay) as part of a broader finance module expansion.· card
2022
Raised Series D at $11B+ valuation; expanded global EOR and contractor payroll to 185+ countries.· banking
2023
Launched Rippling Payments, Inc. as a licensed payments subsidiary to underpin payroll and spend money movement.· banking
2024
Launched Rippling Finance Cloud — a unified procure-to-pay platform combining cards, expenses, bills, travel, procurement, and payroll with AI-driven reporting and automation.· banking
Regulated entities
Insurance Agency
US
Rippling Insurance Services, Inc.
PEO / EOR
US
Rippling PEO 1, Inc.
Money Transmitter / Payments
US
Rippling Payments, Inc.
The stack
Payments / PSP
Rippling Payments, Inc. (self-operated)
Payroll
Rippling (self-operated)
Insurance
Rippling Insurance Services, Inc. (self-operated)
Accounting
QuickBooks OnlineXeroNetSuiteSage IntacctPuzzle
Accounting gap: minor