Latest news with #Wingspan
Finextra
29-07-2025
- Business
- Finextra
Wingspan raises $24m for embedded contractor management in HR platforms
Wingspan, the first modern payroll platform purpose-built for contractor management, announced that it has raised $24 million in Series B funding led by Touring Capital, bringing its total capital raised to $54 million. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Existing investors Andreessen Horowitz, Long Journey Ventures, Distributed Ventures, Company Ventures, and 186 Ventures also participated. Wingspan is on a mission to make contract work effortless for everyone. In less than three years, the company expanded its customer base by 200%, increased average ACV by 5x, supported 12x more contractors, and processed $3B+ in payments. Wingspan's rapid adoption across various industries signals that businesses are urgently seeking infrastructure to manage this workforce transformation. 'From day one, we knew the real problem existed at the intersection of company and contractor. We strategically started by building for freelancers—learning their pain points around income, benefits, and taxes—then leveraged those insights to create the comprehensive platform that businesses desperately need. We've now completed the circle with the only solution that truly works for both sides,' said Anthony Mironov, Co-founder and CEO of Wingspan. 'The workforce composition is changing, and platforms that plan for this shift now will be well-positioned for the long haul.' Roughly 40% of U.S. workers have performed contract work in the last year, and businesses increasingly rely on contingent labor to scale efficiently. More than $1.4 trillion dollars is paid out to contractors annually, or 4% of GDP, across an estimated 74 million contractors, per MBO Partners. In many ways, contractors are the backbone of the U.S. economy. By 2027, half of American workers are projected to earn some income from independent contracting, marking one of the most significant shifts in modern employment composition. Wingspan is utilized by a range of contractors, from Omni's gig workers to CRU Group's insurance adjusters. Teladoc Health, Inc. (NYSE: TDOC) leverages Wingspan to provide its 10,000 healthcare providers with a seamless payment experience, saving the company an average of 28 hours per month on payment processing. "Working with Wingspan has completely transformed the way Teladoc manages 1099 Provider Payroll,' said Tricia McGimpsey, VP, Payroll at Teladoc Health. 'It's an incredibly seamless process now.' In addition to its Series B raise, Wingspan is announcing Wingspan Embed, a new solution that enables HR platforms to transform the way they manage and support contractors. The comprehensive feature set goes beyond contractor onboarding, tax automation, and payments to elevate the contractor experience with value-added financial services including tax withholding, debit cards, instant payouts, and insurance. Wingspan Embed's modular and embeddable API-first architecture plugs directly into any HR platform; partners can choose from a white labeled solution, modular pre-built UI components, or a deeper, native integration. With Wingspan Embed, HR platforms become the central hub for managing a modern, flexible workforce. 'Wingspan Embed fundamentally changes what HR platforms can offer their customers. Instead of forcing businesses to juggle multiple systems, they can now manage their entire contingent workforce where they already work,' continued Mironov. 'This funding accelerates our ability to help HR platforms unlock new revenue streams, reduce customer churn, and handle compliance complexities that have held them back from serving the contractor economy.' The funding will accelerate Wingspan Embed's adoption across HCM and HR platforms while expanding the company's footprint in key verticals—healthcare, insurance, staffing, and professional services—where flexible workforces dominate. Wingspan will continue to invest in its world-class team while launching AI-powered products that apply the latest advances in AI technology to automate contractor compliance, streamline payments, and solve the complex challenges of managing flexible workforces at scale in ways that were never possible before. 'Wingspan is a scalable, intuitive product solving a critical market need, led by a visionary founding team,' said Priya Saiprasad, General Partner at Touring Capital. 'The company's extraordinary growth and rapid adoption by prominent HR platforms gave us the conviction to lead this funding round. We are proud to support Anthony, Greg, and the entire Wingspan team as they continue to modernize the infrastructure for contract work.' 'Wingspan cracked the code on making flexible work work—for platforms and the businesses they serve. Every platform will need a contractor stack—the smart ones will embed Wingspan,' said David Ulevitch, General Partner at Andreessen Horowitz.
Cision Canada
23-07-2025
- Business
- Cision Canada
Google Cloud Veteran Lee Moore Joins Onix Board of Directors
NEW YORK, July 23, 2025 /CNW/ -- Onix, a leading Google Cloud partner and provider of cloud, data, and AI solutions, today announced the appointment of Lee Moore to its Board of Directors. Moore brings more than two decades of enterprise leadership experience, including his recent role as Vice President at Google Cloud and global leader of Google Cloud Consulting. Moore's expertise in enterprise transformation, cloud strategy, AI enablement, and partnerships aligns with Onix's mission to unlock enterprise value through data and AI. As Vice President of Google Cloud Consulting, Moore played a key role in scaling global partnerships and enabling customer success through technology-led transformation. His strategic guidance will support Onix as it advances its AI-first service offerings, deepens client impact, and expands global delivery capabilities. "Lee's global experience leading large-scale cloud, data, and AI transformations will be invaluable as we continue to drive innovation and deliver transformative solutions for clients worldwide," said Sanjay Singh, CEO of Onix. Gurvendra Suri, Tailwind Capital Operating Executive and Executive Chairman at Onix, added, "Lee brings a unique perspective from his leadership at Google Cloud Consulting. We're excited to welcome him to the Onix Board as we continue to expand our IP-led offerings in data and AI." Will Fleder, Partner at Tailwind Capital, commented, "Lee's experience advising customers on complex data and AI projects makes him an ideal addition to guide Onix at this pivotal moment." Moore's appointment follows key company milestones, including the launch of Wingspan, the industry's first agentic AI platform, and recognition as Google Cloud's Partner of the Year for Data & Analytics – North America and Industry Solutions – Telecommunications. "I've long admired Onix for its exceptional talent and innovative solutions," said Moore. "I'm thrilled to join at this important stage and help drive Onix's growth as a leader in AI services on Google Cloud." For more information, visit About Onix Onix is a pioneer in cloud, data, and AI-driven solutions, delivering cutting-edge, enterprise-grade innovations for over two decades. As a Premier-level partner in Google's Partner Advantage program and a 16-time Google Cloud Partner of the Year, Onix empowers organizations to unlock the full potential of their data through patented technologies, AI-driven automation, and deep cloud expertise. With the launch of Wingspan, the industry's first multi-capability agentic AI platform, Onix is redefining the data-to-AI transformation journey. Wingspan's context-aware AI agents automate workflows, accelerate AI adoption, and enhance decision intelligence — all with unmatched speed and precision. Backed by proprietary IP such as Eagle, Raven, and Kingfisher, Onix has supported more than 1,000 enterprises in driving AI-powered innovation and delivering measurable business impact and next-generation data modernization. Onix is backed by Tailwind Capital, which invested in the company in 2022.
Yahoo
23-07-2025
- Business
- Yahoo
Insperity (NSP) Stock Trades Up, Here Is Why
What Happened? Shares of HR outsourcing provider Insperity (NYSE:NSP) jumped 4.1% in the afternoon session after the company announced a strategic partnership with payments platform Wingspan to launch a new solution for managing independent contractors. The new platform, called "Insperity Contractor Management powered by Wingspan," is designed to help businesses automate the entire lifecycle of engaging with 1099 workers. This includes processes like onboarding, payments, and tax reporting compliance, streamlining what can be a complex administrative burden for companies. This move allows Insperity, traditionally known as a Professional Employer Organization (PEO) that co-employs a client's workforce, to tap into the rapidly growing contingent or "gig" economy. With reports suggesting that one in three American workers now earns 1099 income, the new service addresses a significant market need and represents a potential new revenue stream for the company. After the initial pop the shares cooled down to $59.39, up 3.7% from previous close. Is now the time to buy Insperity? Access our full analysis report here, it's free. What Is The Market Telling Us Insperity's shares are somewhat volatile and have had 10 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The biggest move we wrote about over the last year was 3 months ago when the stock dropped 17.2% on the news that the company reported underwhelming first-quarter 2025 results as it lowered its full-year guidance while missing Wall Street's EPS and EBITDA estimates. Sales grew slightly, but operating income tumbled, reflecting margin pressure. Overall, this was a softer quarter. Insperity is down 21.3% since the beginning of the year, and at $59.39 per share, it is trading 42.4% below its 52-week high of $103.18 from July 2024. Investors who bought $1,000 worth of Insperity's shares 5 years ago would now be looking at an investment worth $885.49. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Irish Daily Mirror
28-06-2025
- Sport
- Irish Daily Mirror
Curragh Saturday tips and race card - list of runners for Pretty Polly Stakes
The Andrew Balding-trained Kalpana is expected to land the Group 1 Paddy Power Pretty Polly Stakes at the Curragh. The only Group 1 winner in the field, the Juddmonte filly,– progressive last season – will be ridden for the first time by her owner's new retained rider Colin Keane and might prove too strong for her six rivals – which include two classy three-year-olds, Twirl and Wemightakedlongway. A daughter of Study Of Man, Kalpana improved through the ranks last season, winning a Newmarket handicap off 78 in April, and ended her campaign with victory in the Group 1 Qipco British Champions Filly & Mares Stakes at Ascot in October, beating AidanO'Brien's Wingspan by two lengths. In between, she finished third in Royal Ascot's Ribblesdale before making her stakes-race breakthrough in the listed Glasgow Stakes at Hamilton – which she followed up by proving a wide-margin winner of the Group 3 Unibet September Stakes at Kempton Park. Her Ascot success, in soft ground, proved the filly's improvement. And on her 2025 seasonal debut, she performed creditably over this course and distance when, having led early, she stayed on late to finish third – beatena a length and a half behind Los Angeles and Anmaat in theTattersalls Gold Cup last month. A Group winner over a mile and a half, Kalpana boasts rock-solid form over 10 furlongs and, having performed well against the boys last time, she should prove very tough to beat in this fillies-only contest. The Nicolas Clement-trained Survie, a Group 2 winner, carries French hopes. But the biggest threat to Kalpana should be O'Brien's Betfred Oaks runner-up Twirl, bidding to give her trainer a first Pretty Polly success since Minding in 2020. A Group 3 winner last autumn and successful in the Musidora at York ahead of her Oaks bid, she forced the pace at Epsom and was only collared by stable-companion Minnie Hauk inside the final furlong – going down by just a neck. Clearly progressive, Twirl boasts a rating of 113 and is a serious contender. But the older Kalpana is preferred. Joseph O'Brien's Wemightakedlongway, a Group 3 winner in Navan before being beaten over five lengths when fifth in the Epsom Oaks, will have her supporters too, along with the Munster Oaks (Group 3) heroine Magical Hope, representing Paddy Twomey. And Henry de Bromhead's Higher Leaves, successful at listed and Group 3 level in France last year, probably needs to step-up Here's a list of the runners and riders, as well as a tip for each race: 1.15pm: 7f Barronstown Stud Irish EBF (C & G) Maiden (2yo) 1 Al Haarith (IRE) Dylan McMonagle2 All Hail (IRE) Billy Lee3 Benvenuto Cellini (IRE) Wayne Lordan4 Dorset (IRE) Ryan Moore5 Hamiyan (FR) Chris Hayes6 Jordi Bear (IRE) Seamie Heffernan7 Mr Vettori (IRE) Shane Foley8 New Zealand (IRE) Ronan Whelan9 Palace Tyne (IRE) James Ryan (3)10 South Island (IRE) Gavin Ryan11 Swinging The World (IRE) Ross Coakley12 The Holy Apostle (IRE) Luke McAteer13 Unbreakable Duke (IRE) K J Leonard Peter O'Hehir's tip: Dorset 1.45pm: 6f Airlie Stud Stakes (Group 2) (Fillies) (2yo) 1 Artista (IRE) Dylan McMonagle2 Beautify (IRE) Ryan Moore3 Lady Iman (IRE) Colin Keane4 Leblon Queen (IRE) Chris Hayes5 Luna Mia Ronan Whelan6 Skydance Billy Lee Peter O'Hehir's tip: Lady Iman 2.20pm: 6½f (6f63y) Jebel Ali Racecourse And Stables Anglesey Stakes (Group 3) (2yo) 1 Flushing Meadows (USA) Ryan Moore2 Killourney Reigns (IRE) Ben Coen3 Stop The Nation (IRE) James Ryan4 She's Too Kool (IRE) Rory Cleary5 Suzie Songs (IRE) Colin Keane Peter O'Hehir's tip: Flushing Meadows 2.55pm: 1m2f Al Basti Equiworld, Dubai International Stakes In Honour Of Kevin Prendergast (Group 3) (3yo+) 1 Trustyourinstinct (IRE) Dylan McMonagle2 Deepone Billy Lee3 Layfayette (IRE) Colin Keane4 Elizabeth Jane (IRE) Chris Hayes5 Roosevelt Wayne Lordan6 Gotomylovely (IRE) Seamie Heffernan Peter O'Hehir's tip: Trustyourinstinct 3.30pm: 1m2f Paddy Power Pretty Polly Stakes (Group 1) (Fillies & Mares) (3yo+) 1 Higher Leaves (IRE) Shane Foley2 Jancis (IRE) Ben Coen3 Kalpana Colin Keane4 Magical Hope Billy Lee5 Survie (IRE) Stephane Pasquier6 Wemightakedlongway (IRE) Dylan McMonagle7 Whirl (IRE) Ryan Moore Peter O'Hehir's tip: Kalpana 4.05pm: 1m2f Sherry FitzGerald Country Homes Ladies Derby Handicap (4yo+) 1 Longbourn (IRE) Sorcha Woods (7)2 Masoun (FR) Elizabeth Gale (7)3 Final Voyage (IRE) Miss Georgie Benson (7)4 Bear Profit (IRE) Nicola Burns (7)5 Fiver Friday (IRE) Miss S A Carter (7)6 Solomon Sadhbh Tormey (7)7 Tatateo (IRE) Miss J Townend8 The Real Screamer (IRE) Miss A B O'Connor (3)9 Moonlit Mist (IRE) Neve Bennett (7)10 Secret World (IRE) C J Worrell (7)11 Loingseoir (IRE) Gabriella Hill (7)12 Hemight (IRE) Sylvia O'Donnell (7)13 Desert Friend (IRE) Miss H M Smullen (7)14 Breathe Again (IRE) R Donaghue-Leahy (7) Peter O'Hehir's tip: Masoun 4.40pm: 6f Fitzpatrick's Mercedes-Benz Handicap (3yo+) 1 Daamberdiplomat (IRE) Ben Coen2 Collective Power (IRE) Colin Keane3 Jon Riggens (IRE) James Ryan (3)4 Back Down Under (IRE) Leigh Roche5 Brigid's Cloak P McGettigan (7)6 Airspeed (IRE) Sorcha Woods (7)7 Never Shout Never (IRE) J Kearney (3)8 Cold Hearted (IRE) Shane Foley9 Saturn Seven (IRE) Chris Hayes10 Gordon Bennett (IRE) Niall McCullagh11 Rappell (IRE) Dylan McMonagle12 Tawaazon (IRE) Keithen Kennedy (5)13 Manhattan Chute (IRE) Wayne Lordan14 Verified (IRE) R M Mulligan (7) Peter O'Hehir's tip: Back Down Under 5.15pm: 6f Keadeen Hotel Irish EBF Maiden (3yo+) 1 Bennu (IRE) Leigh Roche2 Best Suggestion (IRE) Gary Carroll3 Colter Bay (FR) A Browne-Souza (10)4 Describe Donagh O'Connor5 Dreaminthejungle (IRE) James Ryan (3)6 Eichan San (IRE) Ronan Whelan7 Men Of Honour (IRE) Andy Slattery8 Naples (IRE) Billy Lee9 Radient Man (IRE) Shane Foley10 Sun Soldier (IRE) Ben Coen11 Washington Street (IRE) Colin Keane12 Angel Of Promise (IRE) Joseph Sheridan13 Charasson (IRE) Seamie Heffernan14 Grown Ups (IRE) R M Mulligan (7)15 Lady Crossing (IRE) Gavin Ryan16 Mise Freisin (IRE) Chris Hayes17 Stella Alpina (IRE) Nathan Crosse18 Suerte (IRE) Rory Cleary Peter O'Hehir's tip: Sun Soldier
Business Insider
18-05-2025
- Business
- Business Insider
The only certainty around Trump's tariffs for consumers and retailers is more uncertainty
Welcome back to our Sunday edition, where we round up some of our top stories and take you inside our newsroom. If you're lucky enough to receive a lump sum of cash, it might be tempting to take the trip that's been on your bucket list. But if you want to take the responsible route, BI broke down how to manage a windfall that includes age, risk factors, and financial goals. On the agenda today: Why Microsoft is flattening its management layers. HBO Max is mocking itself with memes as it rebrands … again. The Seed 100: Here are the best early-stage investors of 2025. Goldman Sachs is leaning into AI. Here's what we know about five of its tools. But first: Let's talk tariffs. If this was forwarded to you, sign up here. Download Business Insider's app here. This week's dispatch/Mint Images RF 'A lose-lose situation' There are a few ways to think about President Donald Trump's trade deal with China. For one, Wall Street loves it. Stocks recovered their "Liberation Day" losses. Fears of an imminent recession, at least viewed through the lens of the betting markets, have already started to subside. But the real-world ripple effects of the current tariff situation are far less clear-cut. Friday's downbeat consumer sentiment data, the second-worst reading on record, showed just how gloomy people feel right now. Consider how a range of businesses — big and small — reacted in the aftermath of the 90-day pause on higher tariffs with China. Retail titan Walmart said it will raise prices in light of Trump's tariffs. John David Rainey, Walmart's chief financial officer, told CNBC, "the magnitude of these increases is more than any retailer can absorb." Toy maker Hasbro abruptly reversed course on its decision to raise prices and halt some production following Monday's deal, but the future isn't clear. Gina Goetter, Hasbro's chief financial officer, said at a conference, "every day is a new adventure." And for small businesses, planning ahead during this rapidly changing global landscape is proving to be particularly difficult. One small-business owner quantified the tariff impact. Jamey Stegmaier told BI he worries they could put his board game company, Stonemaier Games, out of business. If the full 145% tariffs had remained in effect, he'd need to raise the price of his Wingspan game, which sells for $65, to close to $200. "No one would buy it," he said. He'd love to move production to the US to avoid tariffs. However, the US doesn't have the infrastructure or expertise he said he needs. The current US-China trade agreement also isn't a complete relief. The 30% tariffs are "still painful," Stegmaier added. Ultimately, the unpredictability surrounding Trump's tariff policy means customers could start seeing higher prices across the board. "There's no math that makes it work," Stegmaier said. "There's no silver lining. It's a lose-lose-lose situation for everyone involved." Microsoft's bid to flatten management Microsoft is axing 6,000 jobs to increase "span of control," or the number of employees reporting to each manager. The cuts come as the tech giant reduces costs and invests heavily in AI. The half-dozen Microsoft insiders whom BI spoke to about the cuts see the effort as a good thing. Microsoft isn't the only company to do so. Also read: Internal Microsoft memo reveals plans for a new "Tenant Copilot" and an "Agent Factory" concept Max is roasting its own rebrand The streamer is tacking "HBO" back onto its name after abandoning it in 2023. That may seem a bit ridiculous, and Max is well aware. Instead of being laughed at, Max is opting to laugh with the internet. The social team at Warner Bros. Discovery cooked up a host of memes for the occasion. BI's Dan Whateley broke down why silliness, rather than sincerity, could be the right move. Need a good laugh? Also read: Netflix co-CEO Ted Sarandos explains why he thinks the HBO Max rebrand "makes sense" Max is going to be HBO Max. Again. Here's what that really means. Here's why HBO Max has rebranded so many times The top 100 early-stage investors of 2025 Seed-stage investors reach for their checkbooks after hearing merely the kernel of an idea. They may have the hardest job in VC. Back for its fifth year, BI's Seed 100 list uses Termina's data analysis to identify and honor these dealmakers. Their interests span tech, from defense to consumer. Some names may sound familiar. Also read: The Seed 40: The best women early-stage investors of 2025 Five tools in Goldman's AI arsenal The bank's tech chief once said AI would be as ubiquitous as email, with 100% of the workforce relying on it. With Goldman Sachs' up-and-coming slate of AI tools, the bank appears to be on track. BI kept tabs on the rollout of these resources, ranging from an AI assistant to a translation tool. This week's quote: "These days Gates looks like a sage compared to Musk and compared to the administration." — Michael Morris, a professor at the Columbia Business School, on both Elon Musk's and Bill Gates' approach to efficiency. More of this week's top reads: How to get a job in the booming business of secondaries. We found 200 "podcasts" peddling opioids. Now Spotify is taking them down. Meet the CEOs behind YouTube's biggest stars. Please, kids: Do not set your Chromebook on fire. Hulk Hogan's beer brand is eyeing a takeover of the Hooters name. Why Citadel Securities is training its developers on a coding language that hasn't even been released yet. Meta's Llama has reached a turning point with developers as delays and disappointment mount. Brevan Howard hires longtime JPMorgan dealmaker Carlos Hernandez as its first executive chair. In a chilly funding market, a VC explains why legal tech is " as hot as you can humanly imagine." The BI Today team: Dan DeFrancesco, deputy editor and anchor, in New York. Grace Lett, editor, in Chicago. Amanda Yen, associate editor, in New York. Lisa Ryan, executive editor, in New York. Elizabeth Casolo, fellow, in Chicago.
