Trez

What Trez does

Trez is a cloud-based payroll, tax compliance, benefits, and workforce management platform targeting small businesses in the United States, with a specific positioning as the first U.S. Latino payroll platform. The platform combines full-service payroll processing with automated federal, state, and local payroll tax filing across all 50 states, integrated pay-as-you-go workers' compensation administration, employee benefits management (including 401(k) via Human Interest, Roth and Traditional IRAs, and health insurance), and financial services such as checking accounts, advance payments, and pay cards. Underlying payroll calculations, payments, and tax reporting are delivered through a technology integration with Salsa. The company also offers a dedicated sub-brand, Trez for Accountants, for accounting professionals managing client payroll.

The business model is subscription-based with a published price of $49 per month base fee plus $8 per employee, billed monthly in arrears, with incremental fees for year-end filings and ad hoc services. Distribution combines a self-service online portal, supported payroll specialists via phone/email/chat, an accountant partner program offering free platform access and special pricing, and a strategic partnership with Toro Taxes covering its 220+ franchise offices across 26 states. Primary customer segments are Latino-owned small businesses and small business owners generally, with a secondary segment of accounting firms serving SMB clients.

The company was founded in 2023 and is headquartered in San Francisco, operating with a 1-10 person team. It is a Techstars Miami portfolio company powered by JP Morgan, completed a pre-seed round in early 2023 (with Techstars and 10vc), and announced a $3 million seed round targeted for Q1/Q2 2024. Notable advisory board additions in March 2024 include former Ecopetrol CEO Felipe Bayon, former ADP TotalSource head of strategy and CMO Rita Mitjans, and former Cisco CIO Guillermo Diaz Jr. No AI or proprietary ML capabilities are disclosed in the source materials.

Name

Trez

Legal name

Trez, Inc.

Website

https://trez.co

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

1–10 employees

Short description

Trez is a cloud-based payroll, tax, benefits, and workforce management platform for U.S. small businesses, positioned as the first Latino-focused payroll platform, with subscription pricing of $49 monthly plus $8 per employee.

Ownership category

akta.pro rank

Product category

Payroll and Workforce Management Software

NAICS

Payroll Services (541214), Accounting, Tax Preparation, Bookkeeping, and Payroll Services (54121), Professional Employer Organizations (56133)

SIC

Services-Prepackaged Software (7372), Finance Services (6199)

akta.pro primary industry

Global Payroll & Multi-Country Payroll Coordination (EOR/PEO Interface) (BPAAAHAE)

Keywords

• Payroll processing software
• Employee benefits administration
• Small business payroll
• Workers compensation management
• Payroll tax compliance

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Subscription Payroll Service: Monthly subscription based on base fee plus per-employee pricing. Standard fees billed and debited monthly in arrears. $49 base fee + $8 per employee. Includes payroll processing, tax filings, and compliance coverage.
2. Year-End Services: Additional fees for year-end services including W-2, W-3, 1099-NEC, 1096 preparation and filing, corrections, reissues, amendments, and reprints.
3. Ad Hoc Services: Fees for services requested outside standard payroll processing including historical payroll reconstruction, special reports, custom filings, off-cycle processing, and additional compliance support.
4. Partner Program: Special pricing through partner program for accountants. Free access to payroll service for partner firms.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

Trez provides an all-in-one cloud-based payroll, benefits, and workforce management software platform for small businesses in the United States. The core offering combines full-service payroll processing, automated payroll tax filing and payment across all 50 states, integrated workers' compensation with pay-as-you-go policies, and employee benefits administration including retirement and health insurance. Trez is positioned as the first U.S. Latino payroll platform and serves both small businesses directly and accounting firms through a dedicated partner program.

Product overview

Trez is an all-in-one payroll, benefits, and financial services platform designed primarily for Latino-owned small businesses in the United States. The platform operates as a unified system combining Full-Service Payroll (enabling payroll processing in all 50 states with automatic tax filing and 2-day direct deposit), Workers' Compensation (integrated pay-as-you-go coverage), Employee Benefits (including 401K, Roth/Traditional IRAs, and health insurance administration), and Finance Services (checking accounts, advanced payments, and pay cards). Trez serves two primary market segments through dedicated offerings: Trez for Small Businesses (self-service or supported payroll processing with personalized support) and Trez for Accountants (a platform for accounting professionals to manage client payroll with partner benefits). All services include integrated compliance management and access to a community network with exclusive partner discounts. Pricing is $49 base fee plus $8 per employee per month.

Differentiator

Problem solved

Functional benefit

Products and services

• Full-Service Payroll

Quantifiable outcome

• 83% time saved on payroll
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature5 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Toro TaxescoreGTM or Marketing Partner · 22 March 2024Strategic partnership with Toro Taxes, the leading Latino tax franchise with over 220 offices in 26 states. Trez powers payroll solutions for their franchise network. This partnership combines Trez's payroll expertise with Toro Taxes' leadership in tax services, providing comprehensive solutions to the Latino business community.
• SalsacoreTechnology or IntegrationTechnology integration partner providing payroll processing infrastructure. Trez integrates with Salsa's payroll service for calculations, payments, and tax reporting.
• AlvvaminorGTM or Marketing PartnerPartner providing loans for green card and immigration processes. Part of curated benefits ecosystem for Latino workforce.
• Sigo SegurosminorGTM or Marketing PartnerPartner providing auto insurance tailored for the Latino community. Part of curated benefits ecosystem.

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Gusto: Gusto is a leading cloud-based payroll, benefits and HR platform targeting U.S. small and mid-sized businesses. Like Trez, it offers full-service payroll, benefits administration and workers' comp in a single SaaS platform, making it the closest direct competitor in the SMB payroll space.
• Zenefits: Zenefits offers a cloud-based HR, payroll and benefits platform for small and mid-sized businesses. Like Trez, it sells an integrated suite covering payroll, benefits administration and compliance, and targets SMB buyers with a self-serve plus supported motion.
• Rippling: Rippling unifies HR, payroll, IT and benefits on a single platform for SMB and mid-market companies. Its all-in-one product scope (payroll + benefits + finance-adjacent features) directly mirrors Trez's bundled suite, though Rippling operates at much greater scale and breadth.
• OnPay: OnPay provides payroll, benefits, HR and workers' comp software specifically designed for small businesses. Its pricing model, target customer (small employers) and product breadth (payroll, tax filing, benefits) make it a direct comparable to Trez's SMB offering.
• Justworks: Justworks is a PEO-style payroll, benefits and compliance platform serving SMBs. It shares Trez's approach of bundling payroll with workers' comp, benefits and compliance support in one product, and targets a similar horizontal SMB segment.
• Wave Financial: Wave (owned by H&R Block) provides accounting, invoicing and payroll software aimed at very small businesses and sole proprietors. It overlaps with Trez's SMB and micro-business payroll segment at the entry-level price point.
• Patriot Software: Patriot Software provides payroll and accounting software for U.S. small businesses, including full-service payroll, tax filing and basic HR. Its SMB focus, transparent per-employee pricing and accountant-friendly positioning overlap directly with Trez's core offering.

Broad incumbents

• ADP TotalSource: ADP TotalSource is one of the largest PEOs in the U.S., offering co-employment payroll, benefits, HR and compliance to SMBs. It is a broad incumbent in the same category Trez plays in; notably, Trez advisor Rita Mitjans was previously head of strategy and CMO at ADP TotalSource.
• Paychex: Paychex is a large incumbent provider of payroll, HR, benefits and insurance services for small and mid-sized U.S. businesses. Its full-service payroll, benefits and workers' comp offerings overlap directly with Trez's product suite, and it operates at vastly greater scale.
• Workday: Workday is a broad enterprise HCM and payroll platform used by mid-market and large employers. It does not directly target Trez's SMB segment, but as Trez's SMB customers grow, Workday (and Workday Payroll) is the natural competitive endpoint in enterprise HR/payroll.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/trezfin
• Facebookfacebook.com/profile.php?id=100084982062986&mibextid=LQQJ4d
• LinkedInlinkedin.com/company/trez-inc
• Instagraminstagram.com/trez_app

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds4 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Trez