Employer.com, a leading workforce management platform, has successfully acquired fintech startup MainStreet.com in a strategic move that continues its rapid expansion. This acquisition, announced on May 5, 2025, represents the latest step in Employer.com’s ongoing efforts to simplify business back-office operations through a comprehensive, automated platform. By merging with MainStreet, the company aims to create a more powerful solution, combining cutting-edge tools to support businesses in navigating complex financial landscapes.
MainStreet, founded in 2019 and based in San Jose, California, quickly carved out a niche by helping startups unlock valuable research and development tax credits. With a revenue-sharing model, MainStreet was able to generate significant savings for its clients, including an average savings of $51,000 per client. By 2021, the startup had grown rapidly, reaching $15 million in revenue and crossing the $1 million ARR threshold. Despite these successes, MainStreet faced challenges in 2022, including layoffs of 30% of its staff due to market difficulties, which led to a valuation decline from $500 million to $200 million.
The acquisition has been confirmed by Employer.com Chairman and co-founder Jesse Tinsley, who shared his excitement about the merger on X. Tinsley emphasized the strategic alignment of the two companies, highlighting the goal to combine forces and provide an all-in-one back-office solution. MainStreet’s 15-person team will be joining Employer.com as part of the deal, which will further solidify the company’s workforce management capabilities, now valued at over $700 million.
This acquisition follows a series of strategic moves by Employer.com. In 2024, the company acquired Bench, a VC-backed accounting startup, and was also involved in an ambitious bid to acquire TikTok in early 2025. These actions reflect Employer.com’s commitment to creating a seamless, automated back-office ecosystem, which is set to revolutionize how businesses handle their financial and operational processes.
The deal marks a pivotal moment for Employer.com, positioning it as an even more formidable player in the fintech and workforce management sectors. With the acquisition of MainStreet, the company is poised to enhance its market position and deliver even greater value to its expanding client base.
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