Thera
Modern Payroll for Owners.
Thera is a modern payroll and finance platform for startups, small businesses, and global teams. It offers US payroll with tax filings and benefits, global contractor payments in 150+ countries, an Employer of Record (EOR) service, built-in compliance, and competitive benefits administration. Thera also provides finance tools including accounting, tax/CFO and bookkeeping services, high-yield business banking, spend/AP, invoicing, plus an API and white-label options.
Security & Compliance
Security and privacy are top priorities.
Security Features
Certifications
- ISO 27001
- SOC 2
Data & Hosting
Data residency
US
Hosting
Public pages reviewed do not list SSO/SAML, MFA, encryption specifics, or security certifications. EOR mentions IP protection. Treat security posture as unspecified; confirm with vendor.
Retention & deletion
Thera stores personal data while an account is active and retains it afterward where necessary to meet legal obligations, government auditing requirements, resolve disputes, or enforce agreements. Data that is no longer needed is deleted or anonymized. Financial-services regulations may require longer retention of certain data.
Built-in compliance includes automated US tax filings, state registrations, W‑8/W‑9 collection, 1099 automation, workers’ comp handling, and local labor compliance via EOR in 150+ countries.
Feature Scope
- US Payroll: Full-service payroll in all 50 states; automated federal, state, and local tax filings; state registrations and tax resolutions; medical, dental, vision benefits; time-off and holiday pay; expense reimbursements; 401(k) integrations; workers’ comp; unlimited payrolls.
- Contractor Management: Onboard contractors worldwide; locally compliant contracts; one-click invoice creation; time tracking and time-off; pay in 130+ currencies; automated 1099 filings; collect W‑8BEN/W‑9; document collection; 8+ payout methods; instant/faster withdrawals; competitive FX with no hidden fees; dedicated support.
- Employer of Record (EOR): Hire in 150+ countries; localized employment contracts; ESOPs and benefits administration; leave management; expense reimbursements; payslips; immigration support and local expert guidance; IP protection; dedicated multi-channel support.
- Compliance: Built-in compliance across jurisdictions (automatic tax calculations/filings, local labor law updates), W‑8/W‑9 collection, 1099 automation, workers’ comp handling, IP protection within EOR.
- Platform & extensibility: API to automate onboarding, payments, and compliance at scale; white-label option for delivering global payroll under your brand.
- Finance add-ons: Accounting (Tax/CFO/Bookkeeping), Cash (banking via OMB Bank, Member FDIC), Spend (AP), Invoicing. Note: Thera is a fintech company; banking services provided by OMB Bank.
- Performance/UX claims: Run payroll in minutes; 95% same-day withdrawals; 2–3% more earnings for contractors; 8+ payout methods.
Pricing hints: Model: subscription with monthly or yearly options; some modules require a quote. Contractor Management: $29/mo or $1299 yearly. Employer of Record: $49/mo or $499 yearly. US Payroll: quote-based.
Security hints: Public pages do not mention SSO, SAML, MFA, encryption at rest/in transit, or security certifications (ISO 27001, SOC 2). Mentions IP protection within EOR. Treat security posture as unspecified; confirm with vendor.
Compliance hints: Automated federal/state/local US tax filings; state registrations and tax resolutions; collection of W‑8BEN/W‑9; automated 1099 filings; compliance with local labor laws and regulatory updates in 150+ countries via EOR and contractor management; workers’ comp; employment contracts; IP protection.
Implementation hints: Onboarding typically 1–3 days; Thera handles data migration and setup so first payroll can run within a week. Live demo and onboarding support provided.
Support hints: Dedicated Slack channel with Thera’s team; available 24/7 for payroll/compliance/issues. Pages also mention dedicated support and dedicated multi-channel support.
Integration hints: 401(k) integrations for US payroll; public API to automate onboarding, payments, and compliance; white-label program to deliver global payroll under your brand. Payment rails include 8+ payout methods and 130+ currencies.
- Full-service US payroll in all 50 states with direct deposits; run payroll in minutes, bulk upload hours, and set payroll on autopilot. • Automated federal, state, and local tax calculations and filings including quarterly filings, year-end forms, and new hire reporting. • State registrations, mail forwarding, notice handling, and tax resolutions managed by Thera. • Benefits administration and synced payroll deductions from day one; medical, dental, vision; 401(k) integrations; workers’ compensation. • HR essentials: manage time off/PTO, holiday pay, expense reimbursements, employee documents, onboarding/offboarding. • Speed: payroll runs in minutes; platform emphasizes fast payouts and timely deposits. • Security: SOC 2 compliant, bank‑level encryption; role‑based access control for admins, managers, bookkeepers. • Integrations: native connections with QuickBooks; benefits and insurance providers including SimplyInsured, Thatch, Next Insurance, Human Interest, and Accrue 401(k); Xero coming soon. • Platform/API: Thera offers an API to automate onboarding, payments, and compliance at scale (platform capability). • Reporting and analytics for costs, teams, and payrolls. • Support: dedicated Slack channel and 24/7 availability; priority onboarding available for VC portfolio companies.
Pricing hints: US Payroll pricing is by custom quote. Plan includes unlimited payrolls, benefits integrations, automated taxes, and state registrations. Other Thera products show flat monthly/annual pricing, but US Payroll requires contacting sales.
Security hints: SOC 2 compliant; bank-level encryption; role-based access control.
Compliance hints: Automated compliance for US payroll: federal, state, and local tax calculations and filings; multi-state registrations; notice/mail handling; new hire reporting.
Implementation hints: Most migrations complete in 1–2 weeks with data pulled from existing providers; if running first payroll, setup can be done within minutes. General onboarding guidance suggests customers can be running payroll within about a week, with onboarding support provided by Thera.
Support hints: Dedicated Slack channel; 24/7 availability; real humans for payroll and compliance questions; priority onboarding and check-ins available for VC portfolio companies.
Integration hints: QuickBooks (accounting), SimplyInsured, Thatch, Next Insurance, Human Interest, Accrue 401(k) (benefits/insurance). Xero coming soon. Thera platform provides an API for automating onboarding, payments, and compliance.
Features at a Glance
Core HR
- Employee records
- Workflows
- Document management
- Employee self-service
- Manager self-service
- Multi-country
- Roles & permissions
Payroll
- Gross-to-net
- Payslips
- Tax/reporting
- Benefits/deductions
Time Tracking
- Timesheets
Leave
- Leave policies
- Approvals
- Calendars/absence
Onboarding
- Onboarding checklists
- Tasks & owners
Offboarding
- Offboarding checklists
Benefits
- Benefits enrollment
Data & API
- API
Compliance
- SOC 2
Pricing Model
Flat
Plan 1: 29 USD pauschal – Price from public pricing page. Plan 2: 1299 USD pauschal – Annual pricing from public pricing page. Verify exact inclusions. Plan 3: 49 USD pauschal – Public pricing lists $49/mo or $499/yr; Treat $49 as platform/module access; confirm per-employee EOR pricing with sales. Plan 4: 499 USD pauschal – Annual pricing from public pricing page; verify per-employee EOR charges. Plan 5: 199 USD pro Mitarbeitendem – Homepage text indicates 'EOR pricing starts from $199'—interpreted as per-employee per month. Confirm country-specific rates. Plan 6: auf Anfrage – Quote-based pricing for full-service US payroll, automated tax filings, state registrations, benefits, and workers’ comp. Plan 7: auf Anfrage – White-label global payroll under your brand; pricing by quote. Plan 8: auf Anfrage – Thera is a fintech; banking via OMB Bank, Member FDIC.
Implementation
Thera handles setup, state registrations/tax resolutions, and migration support. Live demo and onboarding support provided.
Support
Email · Talk (Intercom) · Dedicated Slack channel · Other (multi-channel support)
Help Center indicates Intercom chat. Dedicated support and dedicated multi-channel support cited.
Integrations
SimplyInsured
OtherBenefits/Insurance-Anbindung.
QuickBooks
OtherAccounting; Payroll automatically syncs with the accounting system.
Google Calendar
OtherCalendar integration
Wise
OtherPayout method/provider
PayPal
OtherPayout method/provider
Payoneer
OtherPayout method/provider
Bank transfer
OtherPayout method
Crypto
OtherPayout method
CSV Import
OtherData import for invoices/contractors
Public API
APIAutomate onboarding, payments, and compliance operations
Thatch
OtherBenefits/Insurance-Anbindung.
Next Insurance
OtherInsurance integration.
Xero
OtherAccounting; 'Coming soon'.
Accrue 401(k)
Other401(k)-Provider-Integration.
Human Interest
Other401(k)-Provider-Integration.
White Label
OtherGlobal Payroll & Hiring under its own brand.
Thera API
APIAutomation of onboarding, payments, and compliance on a large scale.
