Developer of a financial incentive application designed to help employees make more money. The company helps employers to provide enhanced financial benefits, incentives, and higher wages that are paid faster and enhanced with performance bonuses, enabling companies to motivate and retain their employees.
Why We Invested
Not only is Applause an early entrant into a new category called “employee-driven growth” with multiple ways to monetize the product, but the company has also demonstrated best-in-class revenue growth and retention. Best of all, they have a seasoned management team that has successfully built and exited prior ventures in field services.