# Gusto

> Gusto is a cloud-based payroll, benefits, and HR platform built for small and medium-sized businesses. Founded in 2011 as ZenPayroll by Josh Reeves, Tomer London, and Edward Kim, the company has grown to serve over 500,000 businesses and recently crossed $1 billion in annual revenue. Gusto handles everything from payroll runs and tax filings to health insurance, 401(k) plans, and employee onboarding - replacing what used to require a patchwork of accountants, brokers, and spreadsheets with a single platform. The company also offers Gusto Embedded, a payroll API that lets other software platforms build payroll directly into their products. Valued at roughly $9.5 billion, Gusto remains private and is widely considered a leading IPO candidate in the HR tech space.

- **Founded:** 2011
- **Headquarters:** San Francisco, United States
- **Founders:** Josh Reeves (CEO & Co-Founder), Tomer London (CPO & Co-Founder), Edward Kim (CTO & Co-Founder)
- **Team size:** Approximately 2,700 employees
- **Products:** Gusto Payroll, Gusto Benefits, Gusto HR, Gusto Embedded, Gusto Global
- **Notable:** Crossed $1 billion in annual revenue (February 2026), Surpassed 500,000 business customers, Acquired Guideline for approximately $600 million (August 2025) - largest acquisition

## Products & services

- **Gusto Payroll** — Full-service payroll processing with automatic tax filing, multi-state support, next-day direct deposit, garnishments, and compliance tracking.
- **Gusto Benefits** — Benefits administration including health, dental, and vision insurance; 401(k) retirement plans; workers' compensation; HSAs; FSAs; and commuter benefits.
- **Gusto HR** — HR management tools including hiring, custom offer letters, onboarding checklists, e-signatures, document storage, time tracking, PTO management, and org charts.
- **Gusto Embedded** — A payroll API platform that lets software companies embed full-service payroll directly into their products, with pre-built components and React SDK.
- **Gusto Global** — International payroll and Employer of Record (EOR) service supporting employees in 10 countries including the US, UK, Canada, India, Brazil, and more.
- **Gusto Wallet** — A financial wellness app for employees that includes early access to wages, savings tools, and financial insights.
- **Gusto Business Compliance** — Upcoming compliance automation product (via Mosey acquisition) covering state and local registrations, filings, and renewals.

## Achievements

- Crossed $1 billion in annual revenue (February 2026)
- Surpassed 500,000 business customers
- Acquired Guideline for approximately $600 million (August 2025) - largest acquisition
- Acquired Mosey for compliance automation (April 2026)
- Valued at $9.5 billion
- Total funding raised: over $796 million
- Largest Y Combinator seed round at time of graduation ($6.1M)
- Named to CNBC Disruptor 50 list multiple years
- Great Place to Work certified
- AI integration: 50% of new code and 50% of customer support handled by AI
- Gusto Embedded powers payroll for other software platforms
- Launched Gusto Global supporting 10 countries
- Released 75 new features in April 2026 product update

## Latest updates

- **2026-05** — Confirmed $1 billion in annual revenue, serving 500,000+ businesses. CEO Josh Reeves interviewed on CNBC's Fortt Knox.
- **2026-04** — Acquired Mosey to extend compliance automation beyond payroll and HR. Unveiled 75 new product features for small businesses.
- **2025-10** — Raised $175M Series F round at approximately $10 billion valuation.
- **2025-08** — Announced acquisition of Guideline, a 401(k) retirement plan provider, for approximately $600 million.
- **2025-06** — Completed $200M+ tender offer at $9.3B valuation, led by Ontario Teachers' Pension Plan.

## Links

- Website: https://gusto.com
- LinkedIn: http://www.linkedin.com/company/gustohq
- Twitter/X: http://twitter.com/gustohq
- GitHub: https://github.com/gusto
- Instagram: https://www.instagram.com/gustohq/
- Facebook: https://www.facebook.com/GustoHQ/

---

Profile page: https://yespress.io/gusto
Published by YesPress — https://yespress.io
Last updated: 2026-05-29