Brazilian fintech Tako raises $13.2 million to simplify payroll management

Brazilian fintech Tako has launched after raising $13.2 million in a seed round led by Ribbit Capital and Andreessen Horowitz. The company aims to simplify payroll and employee management in Brazil, addressing challenges posed by frequent legal changes and powerful unions. Founded by Fernando Gadotti, Tako automates tasks like onboarding and payroll, providing a dashboard for employees to access their information. The platform uses a large language model to stay updated on labor laws and union regulations. Tako targets mid-market companies with 100 to 500 employees, focusing initially on professional and financial services. The company plans to invest heavily in research and development and expand its offerings in the future.