FactorialHR Strengths, Domain Expertise, and Key Differentiators
FactorialHR offers a comprehensive HR management platform designed for small and medium-sized enterprises, covering functions such as payroll, recruitment, time tracking, performance management, and document handling. The platform’s modular structure and user-friendly interface allow for customization and ease of adoption across various business needs. AI features support tasks like CV screening, performance insights, and document summarization, aiming to enhance efficiency.
FactorialHR Recent Developments
In 2024, FactorialHR, based in Barcelona, expanded its presence in Europe and enhanced its HR software for small and medium-sized businesses. The company secured $80 million in non-dilutive funding from General Catalyst to support growth, particularly in Germany, France, and Italy. New platform features were introduced, including AI-powered recruitment and performance tools, along with a startup program to support emerging businesses. FactorialHR also increased its workforce from 900 to a planned 1,300 employees to support its expansion. By year-end, it served over 13,000 clients in 65+ countries, maintaining a strong position in the SMB HR tech market.
FactorialHR Mergers and acquisitions (M&A) Activities
In 2024, FactorialHR, based in Barcelona, expanded its presence in Europe and enhanced its HR software for small and medium-sized businesses. The company secured $80 million in non-dilutive funding from General Catalyst to support growth, particularly in Germany, France, and Italy. New platform features were introduced, including AI-powered recruitment and performance tools, along with a startup program to support emerging businesses. FactorialHR also increased its workforce from 900 to a planned 1,300 employees to support its expansion. By year-end, it served over 13,000 clients in 65+ countries, maintaining a strong position in the SMB HR tech market.
FactorialHR Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying FactorialHR applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of FactorialHR and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Factorial HR, Factorial Time Off, Factorial Goals and OKR Tracking customers.
FactorialHR Overview
Ownership: - x
Number of Employees: 1300
Functional Market: Absence Management, Workforce Analytics, Workforce Scheduling, Time and Attendance, Core HR, Payroll, Onboarding, Recruiting, Applicant Tracking Systems, Performance Management,
Key Verticals: Communication, Construction and Real Estate, Healthcare, Leisure and Hospitality, Manufacturing, Professional Services, Retail,
FactorialHR Key Cloud and HCM Applications
Factorial HR, Factorial Time Off, Factorial Goals and OKR Tracking
FactorialHR HCM and Cloud HCM Applications Revenues, $M:
| Type/Year | 2023 | 2024 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| HCM Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
FactorialHR Revenue Breakdown by Type:
FactorialHR HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets | % of HCM Revenue in the HR Segment | 2024 HCM Revenues, By HR Segment, $M | |
FactorialHR HCM Applications Revenues By Verticals, $M:
FactorialHR Total and HCM Applications Revenues by Region:
| Region | % of Total Revenues | 2024 Total Revenues, $M | 2024 HCM Applications Revenues, $M |
|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe |
FactorialHR Direct vs Indirect sales
| Type | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
FactorialHR Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified FactorialHR Customers
No. of FactorialHR Customers: 13000
No. of FactorialHR HCM Applications Customers: x
No. of FactorialHR Cloud HCM Customers: 13000
No. of FactorialHR Cloud HCM Subscribers: 600000
FactorialHR primarily supports small and medium-sized businesses by offering an HR platform that automates core functions such as payroll, time tracking, and document management. Its services are tailored to organizations with limited in-house HR capacity, helping them streamline operations and maintain regulatory compliance. The platform is used by over 13,000 companies in more than 65 countries, with a notable presence in Europe, Latin America, and North America. Clients in industries like retail and hospitality use FactorialHR for features such as shift scheduling and performance tracking. Companies like Visor.ai have adopted its tools to improve internal HR workflows.
FactorialHR Market Opportunities, M&A and Geo Expansions
FactorialHR has growth opportunities through geographic expansion, particularly in North and Latin America, supported by offices in Miami, Mexico City, and São Paulo. The company may enhance its platform by further integrating AI and advanced analytics to increase its value for small and medium-sized businesses. Expanding partnerships with tools like Google Workspace and Slack could improve ecosystem connectivity and user engagement. With recent funding, FactorialHR has the financial resources to pursue targeted sales and marketing efforts across new markets. There is also potential for vertical growth by adapting its solutions for sectors such as healthcare and manufacturing, and for regional growth through entry into Asia-Pacific markets.
FactorialHR Risks and Challenges
FactorialHR operates in a competitive HR software market, facing pressure from both established providers and emerging startups. Sustained innovation is necessary to differentiate its offerings and retain customers. Its global presence across more than 65 countries requires continuous adaptation to varying labor laws and data protection standards. Economic slowdowns may impact its core SME customer base, potentially leading to reduced spending on software solutions. Additionally, as a cloud-based provider handling sensitive data, FactorialHR must maintain strong cybersecurity and manage the complexity of integrating with third-party systems to support user adoption.
FactorialHR Ecosystem, Partners, Resellers and SI
FactorialHR operates within a broad ecosystem that includes customers, technology partners, investors, and its global workforce. With over 13,000 small and medium-sized business clients across various regions, the company benefits from a wide user base that drives platform demand. Integrations with tools such as Google Workspace, Slack, and Microsoft Teams improve usability and support workflow continuity. Partnerships with companies like Workable, Unified.to, and Finch enhance recruitment, data integration, and system interoperability. Backed by investors including General Catalyst, Atomico, and CRV, FactorialHR continues to expand its platform capabilities and market presence.
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
https://www.appsruntheworld.com/taxonomy
https://www.appsruntheworld.com/FAQ
