A group led by Austin Ventures has backed the merger of BenefitMall and CompuPay with equity financing. HarbourVest Partners also participated in the investment. The combined company provides employee benefit and payroll solutions to small-to-medium sized businesses and their employees. BenefitMall CEO Bernard DiFiore will serve as CEO of the combined company, while CompuPay CEO Charles Lathrop will be president and chief revenue officer.
