On this episode, Jeremy Zhang, Co-Founder and CEO at Finch, discusses the challenges of fragmented employment systems and how Finch is creating solutions through unified APIs. With insights on industry innovation, compliance and new-age benefits, Jeremy highlights how Finch is shaping the future of employment data infrastructure.

Key Takeaways:

(01:27) Unified APIs connect employment data, process payments and streamline HR functions for employers and applications.

(03:12) Simplify retirement benefits by connecting census data, pay statements and payroll deductions.

(04:46) Finch connects 50,000 employers and 5 million employees, powering equity management, health insurance and retirement systems.

(08:43) Sensitive employee data demands secure handling to prevent breaches like Equifax’s $700M settlement.

(11:57) Finch builds a centralized API exchange layer that eliminates inefficiencies in employment data, improving compliance and accuracy.

(14:30) Fragmentation from 6,000 US payroll providers complicates standardization and connectivity.

(22:38) ICHRA benefits let employees buy health insurance, with unused funds covering other health expenses, powered by Finch.

(27:59) A strong founder-market fit enables startup success by leveraging unique expertise to tackle industry-specific challenges effectively.

Resources Mentioned:

Jeremy Zhang -

https://www.linkedin.com/in/jeremyziyuzhang/

Finch LinkedIn -

https://www.linkedin.com/company/finchapi/

Finch website -

https://tryfinch.com/

Gusto -

https://gusto.com/

ADP -

https://www.adp.com/

Paychex -

https://www.paychex.com/

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#SMB #Fintech #Innovation #Saas #HR #Payroll #SmallBusiness