What TraxPayroll does

BambooHR (Bamboo HR LLC, Delaware; headquartered in Lindon, Utah) is a privately held cloud-based HR software company that has built an all-in-one platform serving more than 30,000 small and medium-sized businesses across 190+ countries. The product is a SaaS suite organized around three subscription tiers (Core at $10/employee/month, Pro at $17, and Elite at $25) plus modular add-ons — Payroll, Benefits Administration, Time & Attendance, Employer of Record (powered by Remote), Onboarding, Performance Management, Employee Experience, Compensation Management, and Compliance — all sharing a unified employee data model with native apps that synchronize automatically. Underlying technology includes a public REST API, 150+ pre-built integrations across accounting, communication, hiring, performance, and payroll, embedded Mercer compensation-benchmarking data, and a Zero Trust security posture with SOC 2 Type II certification and data centers in the US, Canada, and Ireland. Product intelligence is layered with "Bamboo AI," a domain-specialized assistant spanning knowledge retrieval, predictive analytics, generative reporting, and agentic workflow execution, plus AI-powered eNPS analysis and HR benchmarks.

The business model is per-employee per-month subscription with a flat $250/month minimum for organizations of 25 or fewer employees, automatic volume discounts as headcount grows, a 15% bundle discount for combining Payroll and Benefits Administration, a nonprofit 15% discount, and a $200 Refer-a-Friend program. GTM is hybrid: a self-serve free trial (no credit card required) drives PLG adoption among SMBs, while an enterprise field-sales motion (1-866-387-9595 sales line, Request a Demo CTAs) supports larger deployments. Customer mix is SMB-primary with growing mid-market and select enterprise logos (MasterClass, ZipRecruiter, Revere Health, AAPC, Young Living, Cabinet Peaks Medical Center, Childcare Worldwide). The company has grown primarily through product expansion rather than disclosed funding rounds, launching Compensation Management (2024) with Mercer data, On-Demand Pay (2025), and Custom Dashboards and HR Benchmarks (2025), while earning 2026 G2 Leader, Software Advice Front Runners, Software Reviews Top Rated, Capterra Shortlist, and GetApp Leaders recognition in compensation management.

Name

TraxPayroll

Legal name

Bamboo HR LLC

Website

https://bamboohr.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

11–50 employees

Short description

BambooHR is a cloud-based HR software platform serving 30,000+ small and medium businesses globally with employee records, payroll, benefits, hiring, performance, compensation benchmarking, and AI-powered analytics delivered via per-employee subscription pricing across 190+ countries.

Ownership category

akta.pro rank

Product category

HR and Payroll Software

NAICS

Payroll Services (541214), Human Resources Consulting Services (541612)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

Human Capital Management (HCM) & Payroll Platforms (HDAEAEAJ)

akta.pro secondary industries

Core HR & HRIS (BPACAPAA), Workforce Time, Attendance & Scheduling Administration (BPAAAIAI)

Keywords

• Payroll processing software
• Human resources management
• HR and payroll platform
• Employee benefits administration
• Workforce management software

Headquarters

HQ city

Hercules

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, Infrastructure, Operations

Revenue model

1. SaaS Subscription (HR Platform): BambooHR operates on a per-employee per-month subscription model with three tiered plans: Core ($10/employee/month), Pro ($17/employee/month), and Elite ($25/employee/month). Volume discounts are automatically applied based on headcount. For companies with 25 or fewer employees, pricing is charged at a flat rate starting at $250/month.
2. Add-on Solutions (Payroll, Benefits, Time & Attendance, EOR): Additional paid add-ons for Payroll (US employees only), Benefits Administration, Time & Attendance, and Employer of Record. A 15% bundle discount is available when combining Payroll and Benefits Administration with any plan for US-based employees.
3. Professional Services: Premium services included with Elite plan: data integrity services (2 hours/year), new administrator training (2 sessions/year), dedicated customer support, and exclusive insider webinars.
4. Referral Program: Refer a Friend program offering $200 rewards for successful referrals.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels9 records

Core offering

TRAXPayroll provides a single comprehensive, affordable and easy to use system for all online payroll and human resource needs. The cloud-based platform combines payroll processing with HR data management, offering automated workflows, reporting, and compliance features for small and medium businesses. Founded in 1997 and headquartered in Hercules, California, TraxPayroll now operates as part of the BambooHR ecosystem.

Product overview

BambooHR is a unified HR platform with a core plus modular architecture. The platform provides three subscription tiers (Core at $10, Pro at $17, and Elite at $25 per employee/month) that serve as the foundation, with optional add-on modules extending capabilities. Core features include employee records, reporting, workflows, applicant tracking (5-50 openings by tier), time-off management, and AI assistant. Pro adds performance management, employee community, recognition and rewards, and enhanced AI. Elite adds compensation management with Mercer benchmarking, custom dashboards, HR benchmarks, and premium services. Add-on modules include Payroll (for US employees), Benefits Administration, Time & Attendance, Employer of Record (powered by Remote for global hiring in 90+ countries), Onboarding, and Compliance tools. All modules share a unified data model enabling automatic synchronization between employee records, payroll, time tracking, benefits, and performance data. The platform supports over 150 integrations and serves 30,000+ customers in 190+ countries.

Differentiator

Problem solved

Functional benefit

Brands

• BambooHR Employer of Record (powered by Remote): Global employment and Employer of Record service powered by Remote, allowing companies to hire employees in countries where they don't have a legal entity.
• Bamboo AI

Products and services

• Online Payroll Software
• HR Data and Reporting Platform

Quantifiable outcome

• Customers save 18 hours/week on average (based on 2025 survey of 507 customers)
• +8 more outcomes

Named customers17 records

Segments5 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration42 records

AI capability10 records

Feature8 records

Partnerships

20 partnerships are on record, tiered core and featured.

• RemotecoreTechnology or IntegrationRemote is the EOR (Employer of Record) partner powering BambooHR's global employment capabilities. Remote operates as the legal employer for EOR employees, enabling BambooHR customers to hire in 90+ countries without establishing local entities. BambooHR handles hiring and onboarding while Remote manages country-specific payroll and benefits compliance.
• SlackfeaturedTechnology or IntegrationSlack integration allowing employees to access BambooHR's most popular features without leaving Slack. Employees can check PTO balances, request time off, and access personnel information directly from Slack or Microsoft Teams.
• CheckrfeaturedTechnology or IntegrationBackground check integration powering fast, fair, and reliable screenings for businesses. First three background checks are complimentary for BambooHR customers.
• MicrosoftfeaturedTechnology or IntegrationMicrosoft integrations including Single Sign-On capability allowing users to log into BambooHR using their Microsoft account. Also integrates with Microsoft ecosystem tools.
• NetSuitefeaturedTechnology or IntegrationIntegration with Oracle NetSuite for seamless connection between BambooHR payroll and accounting systems. Eliminates manual entry and reduces errors.
• IndeedfeaturedChannel Partner/ Reseller/ DistributorIntegration with Indeed job board for easy job posting and candidate sourcing. Indeed.com is described as the world's #1 job site.
• Greenhouse SoftwarefeaturedTechnology or IntegrationGreenhouse Recruiting and Onboarding integration helps teams connect hiring and HR in a more seamless workflow.
• Culture AmpfeaturedTechnology or IntegrationCulture Amp can import all employee data directly from BambooHR using the BambooHR Reports API, enabling seamless engagement and culture analytics.
• MercercoreTechnology or IntegrationIntegrated Mercer data for compensation benchmarking including Mercer Comtryx for worldwide tech-industry benchmarks and comprehensive job title benchmarks for North America and Canada.
• MitratechfeaturedTechnology or IntegrationMitratech powers BambooHR's I-9 and E-Verify workflows for simplified onboarding and reduced compliance risk.
• QuickBooks OnlinefeaturedTechnology or IntegrationIntegration with QuickBooks Online for seamless payroll and accounting synchronization. Eliminates manual entry and reduces errors.
• XerofeaturedTechnology or IntegrationIntegration with Xero accounting software for payroll and accounting data synchronization.
• Sage IntacctfeaturedTechnology or IntegrationIntegration with Sage Intacct for custom journal entries and accounting synchronization.
• DeelfeaturedTechnology or IntegrationGlobal payroll partner integration for international employment management.
• OysterfeaturedTechnology or IntegrationGlobal employment platform integration for hiring and paying international employees.
• TalentLMSfeaturedTechnology or IntegrationLearning management system integration for training and development workflows.
• CronofyfeaturedTechnology or IntegrationInterview scheduling integration allowing job interviews to be scheduled without leaving BambooHR.
• ClairfeaturedTechnology or IntegrationOn-Demand Pay partner powering earned wage access feature, allowing employees to access wages they've already earned before payday.
• VirgilHRfeaturedTechnology or IntegrationVirgilHR powers BambooHR's Compliance Intelligence feature, providing instant legal answers, access to 100+ compliance templates and how-to guides.
• EasyLlamafeaturedTechnology or IntegrationEasyLlama powers BambooHR's Compliance Training courses including harassment prevention and other workplace training topics.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Zenefits: All-in-one HR, payroll, and benefits platform targeting small and mid-sized businesses. Direct overlap with BambooHR's Core plan and US-only benefits/payroll add-ons.
• HiBob: Modern HRIS focused on mid-market companies with strong employee-experience and people-analytics capabilities. Competes directly with BambooHR's Pro and Elite tiers on performance management, culture, and analytics.
• Namely: Mid-market HR platform combining HRIS, payroll, benefits, and talent management. Listed as a BambooHR comparison-page competitor and targets the same mid-market segment.
• Paylocity: Cloud-based payroll and HCM provider for SMB and mid-market. Named directly on BambooHR's comparison pages; competes across payroll, benefits, time & attendance, talent, and learning.
• Gusto: Cloud payroll, benefits, and HR platform purpose-built for small businesses in the US. Overlaps heavily with BambooHR's Core plan and Payroll/Benefits add-ons, and is one of BambooHR's named comparison-page competitors.
• Rippling: Unified HR, IT, and Finance platform for SMB and mid-market. Directly competes with BambooHR across HRIS, payroll, benefits, applicant tracking, and global EOR, with a similar PLG-led sales motion and tiered per-employee pricing.

Broad incumbents

• Workday: Enterprise HCM and financials cloud platform. Addresses the upper end of BambooHR's mid-market expansion opportunity and competes on people analytics, compensation, and talent.
• UKG (Ultimate Kronos Group): Large HCM and workforce management provider. Overlaps with BambooHR on time & attendance, payroll, and HR for mid-market and enterprise customers, often with deeper workforce-management functionality.
• Paychex: Large, established payroll and HR solutions provider with deep SMB penetration. Competes with BambooHR's Payroll add-on and broader HR suite, though typically with more traditional service-led delivery.
• ADP Workforce Now: Enterprise- and mid-market-focused payroll and HCM suite from ADP, one of the largest incumbents. Named on BambooHR's comparison pages; overlaps on payroll, benefits, time, and talent for growing businesses.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights8 records

Customer concentration

• LinkedInlinkedin.com/company/bamboohr
• Xx.com/traxpayroll

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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 TraxPayroll