Employer.com, a leading workforce management firm in the United States, has acquired San Jose, California-based fintech startup MainStreet.com, known for helping startups identify and claim R&D tax credits. The acquisition brings MainStreet’s team of 15 into Employer.com’s 500-strong workforce and raises Employer.com’s valuation to over USD 700 million.
Workforce management leader Employer.com, headquartered in the United States, has announced the acquisition of MainStreet.com, a San Jose, California-based fintech startup, in a strategic move to enhance its financial services capabilities.
MainStreet.com, founded in 2019, built its reputation by helping startups identify and secure research and development (R&D) tax credits. The company monetized its platform by taking a percentage of the tax credits it helped clients obtain. This niche focus on R&D incentives positioned MainStreet as a valuable asset in the fintech space.
With this acquisition, Employer.com brings MainStreet’s 15-member team under its umbrella, boosting its total workforce to around 500 employees. The acquisition also significantly impacts Employer.com’s financial standing, reportedly pushing its valuation to over USD 700 million.
The integration is expected to enhance Employer.com’s offerings, allowing the company to provide more comprehensive workforce and financial services to its clients.
Employer.com has not disclosed the transaction amount. However, sources indicate that the deal aligns with the company’s long-term growth strategy of expanding both technologically and geographically within the employment and HR tech sectors.
This acquisition marks another major step for Employer.com as it continues to broaden its portfolio and solidify its presence in the growing intersection of fintech and workforce management.
