MEDIA STATEMENT
17/03/2017
FOR IMMEDIATE RELEASE
Thankyou Payroll expanding through equity crowdfunding
Dunedin and Wellington based social enterprise Thankyou Payroll is launching an equity crowdfunding campaign on PledgeMe
on 7 April, to fund development, grow their team, and market their software in preparation for upcoming IRD changes
around payroll processing.
Thankyou Payroll has been providing a cloud-based payroll intermediary service to businesses and charities since 2010.
Thankyou Payroll CEO Christina Bellis says that over the past 3 years they have grown 700% and are now supporting over
4,300 companies and charities through their platform. They have also created an innovative social impact model with 25
cents per person per pay donated to community organisations.
Since launch they have gifted over $80,000 to 80 organisations throughout New Zealand, including Kaibosh Food Rescue and
Port Chalmers Golf Club through the Thankyou Charitable Trust.
“We believe that we can create great jobs, be financially successful and do good at the same time. With solid revenue
growth over three years, a dedicated team, a strong board, and thousands of happy clients we believe that, with our
crowds support, we can accelerate our growth and continue to improve our service offerings and increase our community
giving.”
The payroll landscape is changing in April 2019 as IRD plans to implement new requirements around PAYE and payroll data
submission.
“These changes will push an estimated 60,000 organisations into the intermediary space. It’s an incredible opportunity
and we intend to be ready for it.” says Bellis.
Thankyou Payroll is expecting to raise a minimum of $400,000, and up to $600,000, which represents 6.45%–9.38% of the
company, at $1 per share with a minimum investment of $500.
“Up until now, our client growth has been organic but with new funding we will be able to implement a comprehensive and
high level marketing strategy, grow our team, and finalise our next version of the product” says Bellis.
PledgeMe founder and CEO Anna Guenther says it is inspiring to see a technology-based social enterprise seek funding
from their crowd on PledgeMe.
“Thankyou Payroll embody how technology can be used not only to support communities in an administrative sense, but also
fund community work in a participatory way. They are also a strong team, led by a female CEO and a gender-balanced
board, with progressive, forward looking policies, and holistic support for the team and their community. I truly
believe their model is the future of business”
Thankyou Payroll will go live at 6pm on 7 April 2017 at pldg.me/thankyou
ENDS