SALT LAKE CITY--(BUSINESS WIRE)--Atomic, the market-leading provider of payroll connectivity, announced today that it is expanding its solutions suite beyond consumer-permissioned access to support connectivity for employer and human resource administrative systems. By offering broader integration options, Atomic aims to give customers the most comprehensive coverage, faster time from integration to go-live, and a vastly improved product experience when it comes to connecting with these HR systems.
The addition of EmployerLink makes Atomic the first to market with payroll connectivity integrations and authentications for both consumers and businesses to permission access to financial data in payroll systems and human resource platforms. These two solutions - working in tandem - represent a critical evolution to Atomic’s business that will allow the company to better service its existing customer base while also expanding the total addressable market. Atomic's EmployerLink solutions will initially support use cases for worker’s compensation insurance, earned wage access (EWA), and employer benefits.
“We’re excited to work with Atomic to advance our commitment to developing best-in-class employee financial wellness benefits,” noted Swetha Kulandaivelan, Product Manager at Seedwell. “Atomic’s EmployerLink suite enables us to provide a frictionless experience for our clients, further powering Seedwell to lead in personal finance automation and wealth building for employees.”
Atomic is working with a cohort of companies, including the aforementioned Seedwell, that are leveraging the EmployerLink suite to launch innovative new solutions in the coming months. The move by Atomic has already been embraced by many Atomic customers that are finding new opportunities to expand their businesses through this extended connectivity.
“Atomic is well positioned to tackle this expanded market, given our unique technological advantages, trust and customer traction, proven ability to scale, and team’s financial services industry expertise,” noted Jordan Wright, CEO and Co-founder at Atomic. “By initially focusing on fintech companies and neobanks with mass customer bases, we were able to capture significant volume and prove our technology’s ability to scale.”
The announcement comes on the heels of a banner year for customer traction in which the company has grown to support over 160 customers and partners, including leading fintech brands Propel, Dave, and Coinbase, financial technology partners including Jack Henry, Hydrogen, and MX, and financial institutions including Keystone Community Bank and Cornerstone Community Credit Union, among others.
About Atomic:
Atomic is the market-leading provider of payroll connectivity, trusted by over 160 financial institutions, fintech firms and partners, including 13 of the largest fintech apps offering a digital-first neobank, alternative lending, crypto exchanges, and digital brokerages. Atomic's payroll integrations provide the infrastructure to connect consumers to their financial data, automate set-up and updates to direct deposits, digitize income and employment verifications, repay financial obligations from their paycheck, access earned but unpaid wages, and tap tax filing advantages, as well as supporting financial wellness benefits through its new EmployerLink solutions.
Atomic simplifies complicated payroll and human resource platform integrations with a suite of API solutions that covers over 480 unique payroll connections, including incumbent payroll providers, bespoke enterprise solutions, modern HR tech providers, gig-economy platforms and government systems.
Atomic is ranked by CB Insights as a Fintech 250, selected by Fintech Breakthrough Awards as a Best Banking Transaction Solution, and recognized as a Top Work Places 2022. Atomic has raised $78.6 million from investors, including Greylock, Mercato Partners, Core Innovation Capital, Portage, and ATX Venture Partners. For more insights on the intersection of fintech and payroll, you can subscribe to Atomic's Intelligence newsletter.
