Trust Work

What Trust Work does

Trust Work GmbH is a privately held Swiss fiduciary, HR, and accounting services boutique headquartered in Technopark Zürich, founded more than six years ago and operating from offices in Zürich, Zug, and Pristina (Kosovo), with an additional globally distributed remote workforce. The firm serves three horizontally segmented client tiers — startups, scale-ups, and corporates — delivering bundled HR (payroll, HR administration, HR operations, interim HR, HR strategy and culture design) and accounting (bookkeeping, managed accounting, tax, financial reporting, fractional CFO, interim CFO) services, plus specialized Odoo accounting platform implementation and support.

The company's core technology stack is built around the Odoo accounting and payroll platform, augmented by digital workflow management that the firm describes as 100% digital collaboration with 24/7 document and evaluation access. Odoo-specific capabilities include intelligent document management, OCR capture, electronic invoicing via Peppol, bank reconciliation, and multi-company/multi-currency support. Operations are entirely cloud-delivered and remote-enabled, with no physical product distribution channel.

Commercially, Trust Work runs a sales-led, consultative go-to-market with no public pricing — engagements are scoped and quoted after a free initial Calendly consultation. Revenue is generated through monthly recurring subscription-style retainers for HR and managed accounting, plus project-based fees for Odoo implementation, fractional CFO, and interim management engagements. The firm has accumulated more than 50 named clients and reports a Net Promoter Score of 81; it is not venture-backed and discloses no institutional investors or funding rounds.

Name

Trust Work

Legal name

Trust Work GmbH

Website

https://trustwork.ch

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

1–10 employees

Short description

TrustWork is a Swiss fiduciary, HR, and accounting services boutique headquartered in Zürich, serving startups, scale-ups, and corporates with bundled monthly HR and managed accounting retainers, fractional CFO and interim management, and specialized Odoo accounting implementation and support.

Ownership category

akta.pro rank

Product category

HR and Accounting Outsourcing Services

NAICS

Trusts, Estates, and Agency Accounts (525920), Management Consulting Services (54161), Office Administrative Services (56111)

SIC

Finance Services (6199), Services-Management Consulting Services (8742)

akta.pro primary industry

Corporate & Institutional Trust Services (FSAAANAB)

akta.pro secondary industry

Corporate Trust Services (Trustee, Agent & Escrow Roles) (FSAEAKAB)

Keywords

• HR outsourcing services
• Accounting and payroll
• Odoo ERP implementation
• Fractional CFO services
• Interim management

Headquarters

HQ city

Zürich

HQ country

Switzerland

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. HR Services: Comprehensive HR services including payroll, HR administration, HR operations, culture design, interim management, and HR strategy. Provided as flexible, modular packages that scale with client needs.
2. Accounting Services: Bookkeeping, managed accounting services, financial reporting, tax services, and fractional CFO services. Delivered as ongoing service packages with flexible scope.
3. Odoo Implementation & Training: Odoo accounting setup, configuration, and training services for clients transitioning to or optimizing Odoo platform.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

TrustWork GmbH provides outsourced human resources, accounting, and payroll services for Swiss small and growing businesses, complemented by Odoo ERP implementation, fractional CFO support, and interim management mandates. The firm operates as a senior-practitioner boutique, bundling back-office compliance and finance leadership under a single Swiss provider.

Product overview

TrustWork is a Swiss HR and Accounting services firm serving startups, scale-ups, and corporates with a portfolio of interconnected professional services. The core offerings consist of HR Services (payroll, HR administration, HR operations) and Accounting Services (bookkeeping, managed accounting, tax compliance). The company differentiates through specialized Odoo Accounting Implementation & Support, positioning itself as an Odoo trustee partner for startups and scale-ups. Additional services include Fractional CFO, Interim Management (HR and CFO on demand), HR Strategy & Culture Design, and Sparring & Consulting. Services are organized by client segment (Startup, Scale-up, Corporate) with pricing and scope tailored to each growth stage.

Differentiator

Problem solved

Functional benefit

Products and services

• HR Outsourcing Services Outsourced human resources support for Swiss small and growing businesses, covering employment administration and HR compliance under Swiss labor law.
• Accounting and Bookkeeping Services External financial accounting and bookkeeping services for Swiss SMBs, including preparation of statutory financial records and management reporting.
• Payroll Services Swiss payroll processing and payroll-related compliance for client companies, typically delivered alongside the HR outsourcing engagement.
• Odoo ERP Implementation Implementation, configuration, and rollout of the Odoo enterprise resource planning platform for Swiss SMB clients to integrate HR, accounting, and operational workflows.
• Fractional CFO Services Part-time, outsourced CFO-level finance leadership for Swiss SMBs that do not require or cannot afford a full-time Chief Financial Officer.
• Interim Management Interim executive management placements covering finance, operations, or general management roles during leadership transitions, scale-up phases, or special projects for Swiss clients.

Quantifiable outcome

• Net Promoter Score of 81 indicates exceptional client satisfaction
• +1 more outcomes

Named customers13 records

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Deel: Global HR, payroll, and compliance platform with strong Swiss/EU presence. Comparable on the international payroll and employer-of-record layer that competes against TrustWork's "globally compliant" positioning.
• Bexio: Leading Swiss cloud accounting and ERP SaaS platform widely used by Swiss SMEs. TrustWork explicitly migrates clients from Bexio to Odoo, making Bexio a partial substitute at the platform layer and a feeder for TrustWork's higher-touch services.
• Abacus Research: Established Swiss ERP and business software vendor with deep roots in Swiss fiduciary workflows. Comparable as a regional platform alternative whose accounting ecosystem overlaps with TrustWork's service scope.
• PwC Switzerland: Big Four firm with a dedicated Swiss startup and scale-up practice covering accounting, tax, HR, and advisory. Comparable as the upper-tier incumbent that scale-up clients may outgrow into, and as a competitor for interim CFO mandates.
• Personio: European HR and payroll SaaS platform serving SMEs with similar client profile to TrustWork. Comparable on the HR/payroll automation layer that competes against part of TrustWork's HR services offering.

Direct peers

• Run my Accounts: Swiss online Treuhand offering bookkeeping, accounting, payroll, and tax services to SMEs and startups. Direct comparable on the digital fiduciary-plus-outsourced-finance model in the Swiss market.
• Treuhand-Swiss (and similar local fiduciary firms): Network of independent Swiss Treuhand offices offering bookkeeping, payroll, tax, and HR services. Direct incumbents in the traditional fiduciary segment that TrustWork differentiates against through digital delivery and Odoo specialization.
• CFOs in Black: Swiss fractional CFO provider serving startups and growth-stage companies. Comparable on the outsourced-finance-for-startups angle, particularly on TrustWork's fractional CFO offering.
• Accounto: Zürich-based digital accounting and Treuhand firm targeting Swiss SMEs and startups with subscription bookkeeping, payroll, and CFO services. Closely mirrors TrustWork's segment, geography, and modular service model.

Others

• Odoo: Open-source ERP platform on which TrustWork builds its specialization. Ecosystem partner and indirect ecosystem dependency; comparable as the underlying technology whose partner program TrustWork rides.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/trustwork.ch
• LinkedInlinkedin.com/company/trustwork-ch

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 Trust Work