# Hourly

> Hourly is a Palo Alto-based fintech platform that combines payroll, workers' compensation insurance, and time tracking into a single mobile-first system built for small businesses with hourly workers. Its pay-as-you-go workers' comp model calculates premiums against actual wages in real time, eliminating year-end audits and helping employers avoid overpaying. Founded in 2018 by Tom Sagi, Shay Litvak, and Amir Faintuch, the company raised $39M+ and serves 500+ businesses across construction, manufacturing, transportation, and similar industries. In July 2025, Hourly was acquired by Israeli insurtech WeSure in a deal valued at approximately $168M.

- **Founded:** 2018
- **Headquarters:** Palo Alto, California, United States
- **Founders:** Tom Sagi (Co-Founder & CEO), Shay Litvak (Co-Founder & CTO), Amir Faintuch (Co-Founder & Executive Chairman)
- **Team size:** ~130 employees
- **Products:** Pay-as-you-go Workers' Compensation, Payroll Processing, Time Tracking, HR Management
- **Notable:** Raised $39M+ total across seed, Series A, and strategic rounds, Serves 500+ businesses with 4.8/5 rating across major review platforms, Named Nationwide's Managing General Underwriter for workers' comp and payroll (2023)

## Products & services

- **Pay-as-you-go Workers' Compensation** — Workers' comp insurance premiums calculated against actual wages paid each payroll cycle, eliminating year-end audits and over/underpayments.
- **Payroll Processing** — Streamlined payroll execution with automated wage tracking, built specifically for businesses with hourly and mobile workers.
- **Time Tracking** — Mobile-first real-time collection of hours, task data, and worker location, feeding directly into payroll and insurance calculations.
- **HR Management** — Consolidated employee onboarding, workforce management, and compliance tools for small and mid-sized businesses.

## Achievements

- Raised $39M+ total across seed, Series A, and strategic rounds
- Serves 500+ businesses with 4.8/5 rating across major review platforms
- Named Nationwide's Managing General Underwriter for workers' comp and payroll (2023)
- CEO Tom Sagi voted among Comparably's top 10 best CEOs (2022)
- Won Comparably 'happiest employees' award out of 70,000+ companies (2022)
- Acquired by WeSure Insurance in July 2025 at ~$168M valuation
- Featured in TechCrunch, Forbes, and major fintech publications

## Latest updates

- **2025-08** — AmTrust (Technology Insurance Company Inc.) integrated into the WeSure-Hourly merged entity
- **2025-07** — Hourly acquired by WeSure Insurance in deal valued at approximately $168M; became wholly owned WeSure subsidiary
- **2023-07** — Nationwide partnership announced - Hourly named Managing General Underwriter for workers' comp and payroll
- **2022-11** — Secured $5M strategic investment from Sienna Investment Managers; partnered with Great American Insurance Group
- **2022-06** — Announced $27M Series A funding led by Glilot Capital Partners
- **2019-09** — Raised $7.15M seed round led by S Capital; launched mobile-first payroll and workers' comp platform

## Links

- Website: https://hourly.io
- LinkedIn: http://www.linkedin.com/company/gohourly
- Twitter/X: https://twitter.com/go_hourly
- Facebook: https://facebook.com/gohourly/

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