Hourly, a fintech startup focused on payroll, workers compensation and time tracking for small businesses, said it raise $7.15 million in seed funding, led by Aya Peterburg and Haim Sadger of S Capital. 

The funding round was backed by Inovia Capital, J-Angels and 22 angel investors, including Global Foundries senior vice president Amir Faintuch, a company advisor who was named chairman of Hourly, as well as Pinterest COO Francois Brougher. 

"I have seen business owners spending an entire day each week reconciling payroll, figuring out workers’ comp premiums and struggling with processing payroll," Tom Sagi, founder and CEO of Hourly, said in a company release. "I thought, there has to be a better way."

The company provides business owners with mobile-first tools to help manage their workforce. Hourly currently serves businesses in California and is expanding to additional markets.