On this episode, Jeremy Zhang, Co-Founder and CEO at Finch, discusses the challenges of fragmented employment systems and how Finch is creating solutions through unified APIs. With insights on industry innovation, compliance and new-age benefits, Jeremy highlights how Finch is shaping the future of employment data infrastructure.
Key Takeaways:
(01:27) Unified APIs connect employment data, process payments and streamline HR functions for employers and applications.
(03:12) Simplify retirement benefits by connecting census data, pay statements and payroll deductions.
(04:46) Finch connects 50,000 employers and 5 million employees, powering equity management, health insurance and retirement systems.
(08:43) Sensitive employee data demands secure handling to prevent breaches like Equifax’s $700M settlement.
(11:57) Finch builds a centralized API exchange layer that eliminates inefficiencies in employment data, improving compliance and accuracy.
(14:30) Fragmentation from 6,000 US payroll providers complicates standardization and connectivity.
(22:38) ICHRA benefits let employees buy health insurance, with unused funds covering other health expenses, powered by Finch.
(27:59) A strong founder-market fit enables startup success by leveraging unique expertise to tackle industry-specific challenges effectively.
Resources Mentioned:
https://www.linkedin.com/in/jeremyziyuzhang/
Finch LinkedIn -
https://www.linkedin.com/company/finchapi/
https://tryfinch.com/
Gusto -
https://gusto.com/
ADP -
https://www.adp.com/
Paychex -
https://www.paychex.com/
Any specific guest you’d like to hear on the show? Leave your suggestions at https://www.smbtechinnovators.com/
Thanks for listening to “SMB Tech Innovators,” powered by Gusto | Embedded Finance, Vertical SaaS, Payroll API. If you enjoyed this episode, hit the subscribe button and never miss another insightful conversation. And be sure to leave a review to help get the word out about the show.
#SMB #Fintech #Innovation #Saas #HR #Payroll #SmallBusiness