{"id":667238,"date":"2025-05-06T05:50:19","date_gmt":"2025-05-06T02:50:19","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/employer-com-scoops-up-another-fintech-in-purchase-of-mainstreet-com\/"},"modified":"2025-05-06T05:50:19","modified_gmt":"2025-05-06T02:50:19","slug":"employer-com-scoops-up-another-fintech-in-purchase-of-mainstreet-com","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/employer-com-scoops-up-another-fintech-in-purchase-of-mainstreet-com\/","title":{"rendered":"Employer.com scoops up another fintech in purchase of MainStreet.com"},"content":{"rendered":"
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Employer.com has acquired MainStreet.com for an undisclosed amount, the latest fintech startup to get snapp<\/a>ed up by the workforce management company.<\/p>\n

In a post on X<\/a>, Employer.com Chairman and co-founder Jesse Tinsley said the two companies were \u201cmerging forces to simplify business back office solutions into one powerhouse platform.\u201d Tinsley confirmed the acquisition to TechCrunch.<\/p>\n

MainStreet<\/a>, a San Jose, California-based startup founded in 2019, built a business around helping startups uncover research and development tax credits. The startup generated revenue by taking a put from the pool of credits. MainStreet had some success in its first year, crossing the $1 million ARR run rate threshold and helping the average client save $51,000. In 2021, MainStreet\u2019s revenue crossed $15 million, per industry newsletter Not Boring.<\/a><\/p>\n

Signs of potential trouble appeared in 2022 when MainStreet laid off about 30% of its staff, citing \u201can incredibly rough market.\u201d At its prime in 2021, MainStreet was valued at $500 million<\/a>. The company was said to have closed on a financing in 2022 at a $200 million valuation. <\/p>\n

It\u2019s unclear what MainStreet\u2019s balance sheet looked like immedia<\/a>tely prior to this acquisition, although Tinsley told TechCrunch in an interview the company was profitable. In total, MainStreet raised about $75 million in known venture capital from investors such as SignalFire, Tusk Ventures, Shrug, Moxxie Ventures, Weekend Fund, Gradient Ventures, Sound and SV Angels.<\/p>\n

One of MainStreet\u2019s investors introduced the company to Employer.com, according to Tinsley. MainStreet\u2019s 15-person team will be joining Employer.com as part of the transaction, which has about 500 employees across all its companies.<\/p>\n

With the acquisition, Employer.com is valued at just north of $700 million, Tinsley said.<\/p>\n

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Techcrunch event<\/p>\n

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\n\t\t\t\t\t\t\t\t\tBerkeley, CA<\/span>
\n\t\t\t\t\t\t\t\t\t\t\t\t\t|<\/span>
\n\t\t\t\t\t\t\t\t\t\t\t\t\tJune 5<\/span>\n\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\tBOOK NOW<\/span><\/p><\/div>\n<\/p><\/div>\n<\/div>\n

The San Francisco-based company has been on a shopping spree recently.<\/p>\n

In late 2024, Employer.com announced it was acquiring Bench, a VC-backed accounting startup that left thousands of customers locked out of their accounts after it suddenly shut down, in a fire sale. Last week, Bench conducted a round of significant layoffs. And in January, Employer.com had offered to acquire Level, a fintech startup that abruptly shut down after failing to find a buyer but that deal didn\u2019t go through.<\/p>\n

\u201cWhen we originally started Employer.com and then bought Bench, the overarching theme\u2026 is basically automating an end-to-end platform for the G Suite for the business back office,\u201d he told TechCrunch in an interview. Buying MainStreet is in line with that goal, Tinsley said.<\/p>\n

In late January, Tinsley and Employer.com was reportedly teaming up with YouTuber MrBeast and others to save TikTok by submitting an all-cash bid for the app, according to a report<\/a> in Bloomberg. It\u2019s unclear what happened to that alleged buyout attempt although Tinsley publicly confirmed<\/a> in March that he was part of that $30 billion bid.<\/p>\n

This story was updated post-publication to reflect MainStreet\u2019s accurate funding amount<\/em><\/p>\n<\/div>\n

If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n

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If you want to read more like this article, you can visit our Technology<\/a><\/span> category.<\/strong><\/p>\n<\/blockquote>\n

Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Employer.com has acquired MainStreet.com for an undisclosed amount, the latest fintech startup to get snapped up by the workforce management company. In a post on X, Employer.com Chairman and co-founder Jesse Tinsley said the two companies were \u201cmerging forces to simplify business back office solutions into one powerhouse platform.\u201d Tinsley confirmed the acquisition to TechCrunch….<\/p>\n","protected":false},"author":1,"featured_media":667239,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2022\/09\/GettyImages-652146145.jpg?resize=1200,851","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[156111,156112,156113,70917],"class_list":["post-667238","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-employer-com","tag-jesse-tinsley","tag-mainstreet-com","tag-startups"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/667238","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=667238"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/667238\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/667239"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=667238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=667238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=667238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}