A Factorial, unicorn startup developer ofsoftwarefor management and centralization of HR and payroll processes, reached thebreakeven – point at which a company reaches financial equilibrium – in Brazilian operations, with only three years since his arrival in the country. The company, that is already globally consolidated, and for over 8 years has been ranked among the Top 10 promising startups in Europe, expanded its operations to more than 65 countries, reaching thousands of companies with your HR management platform, and now focuses strongly on expanding its operations in Brazil
One of the decisive factors for this milestone of HRTech was the process of adapting the product and processes implemented for the Brazilian market, which resulted in a 67% reduction in operational costs and an expansion of its local customer base to over 60 thousand active users monthly. With a retention rate of 96% since February and an average NPS of 98 out of 100, Factorial demonstrates that its range of solutions not only attracts new clients, but also promotes loyalty among the companies that use its platform
“The scope of thebreakevenin such a short time is a milestone that reinforces our commitment to bringing solutions for people management and human resources department, that truly transform the way companies operate and their results. Brazil is a market of enormous potential, and we have already achieved impressive results with the tropicalization of our product. We are very confident that this new phase will allow us to grow even more, helping Brazilian companies optimize their processes with cutting-edge technology, comment Renan Conde, CEO Brazil of Factorial
Now, with a solid foundation and breakeven achieved, Renan Conde says that Factorial is ready to accelerate its growth in Brazil, a strategic market for the company. The company plans to increase its revenue by 2,7 times until 2025, with a combination of continuous innovation and customization of its product for local needs. "The goal is to continue acquiring new companies and strengthening the brand's presence in one of the largest HR markets in the world". The Factorial is here to stay!”, highlights the CEO
