myBasePay is a Contingent Workforce management platform that enables staffing firms, independent recruiters, and talent acquisition executives to streamline tedious back-office operations while offering a staffing exchange platform as an alternative to identify top talent.
Miami, FL, September 21, 2021 – myBasePay today announced it has closed a private equity capital round providing for funding of up to $60M. myBasePay empowers staffing firms, independent recruiters, workforce suppliers, and talent acquisition executives with back-office solutions such as the employer of record, payroll, onboarding, benefits administration, legal compliance, and funding, enabling talent professionals to focus on talent recruitment and growth. With this funding, myBasePay will expand its market reach and bring unparalleled agility and flexibility to the contingent workforce ecosystem. Cesar Jimenez, myBasePay’s CEO, states that “myBasePay’s objective is to be the modernized employer of record (EOR) supplier for the entire contingent workforce ecosystem and help organizations focus on their clients by acting as an extension of their team. We seek to provide an admin, HR, compliance, and payroll department in one integrated solution. We’re excited to bring myBasePay’s advanced technology to the contingent workforce ecosystem and help organizations focus on growth and talent development.”
With AI-powered technology at the core of its service offering, myBasePay aims to transform how traditional contingent workforce management platforms operate. “Our platform empowers the Talent Acquisition teams to elevate their services to focus on what they do best – deliver exceptional talent,” says Jahn Karsybaev, Co-Founder & CIO, leading the technology build-out of myBasePay Back-Office & Marketplace platforms.
Founded in 2020, myBasePay has helped contingent workforce organizations solve critical challenges, including cash flow, compliance, access to candidates and open roles, and back-office optimization that typically hinders their growth and success. Its progress and impact attracted industry veterans to lead a funding round. Most notably, BMI Financial Group, a multi-national financial conglomerate with nearly 50 years of industry experience and over $20 Billion of insurance in Force, and nearly $1 Billion of assets. myBasePay’s contingent workforce management platform helps recruiting, staffing, and HR organizations scale and grow by providing payroll funding, acting as employer of record (EOR) and agent of record (AOR), and eliminating administrative headaches associated with time-consuming HR functions such as payroll and compliance.
MyBasePay’s flagship platform offers contingent workforce professionals the automation, streamlining, and support required to scale and grow. It has attracted industry veterans to its senior executive team, such as Vice President Angela Alberty and CEO Cesar Jimenez, bringing decades of experience to help companies strategize and implement contingent workforce programs.