Bonusly, a Brooklyn, NY-based provider of a platform for companies to reward and motivate employees, raised $1m in seed financing.
The company intends to use the funds to make key hires in engineering, sales, and customer success, and continue to build out the platform, particularly adding more integrations and advanced analytics.
Led by Raphael Crawford-Marks, co-founder & CEO, Bonusly provides a web platform for companies to reward and motivate employees by using peer-to-peer bonuses. It aims users to boost team motivation with regular positive feedback, recognize top performers with timely peer bonuses and awards, and reward teams by leveraging peer-to-peer interactions to create an effective incentive program. The company has 10,000 active monthly users and paying customers include ZipRecruiter and Kadence International.