Finch, an API provider for employment systems, has raised $40m in a series B round, co-led by General Catalyst and Menlo Ventures.
The US fintech will invest the capital in new and existing products, and expand its team.
With the funding, Finch aims to accelerate connectivity across the employment data ecosystem and help employers and employees to use the products they need to grow.
Additional investment in the round came from QED, PruVen and Altman Capital.
Since its $15m series A round last year, Finch has increased its revenue by a factor of 12, connected 2m employees through its platform, and partnered with employment platforms including BambooHR and HiBob.
Applications that use Finch can instantly gain compatibility with 200 employment systems to provide products and services to employers.
Finch said that US employment system faces “significant” challenges due to lack of data accessibility.
Finch aims to solve these problems with its unified employment API that helps companies to access data and connect to various HR apps and systems.