News Summary

Employer.com, a San Francisco-based workforce management company, has acquired MainStreet.com, a fintech startup, for an undisclosed amount. MainStreet, founded in 2019 in San Jose, California, specializes in helping startups uncover research and development tax credits. Despite facing challenges in 2022, including staff layoffs and a reduced valuation, MainStreet was profitable and had raised about $75 million in venture capital. The acquisition aligns with Employer.com’s strategy to automate business back office solutions. MainStreet’s team will join Employer.com, which now has around 500 employees. This acquisition follows Employer.com’s recent purchases of Bench and attempts to acquire other fintech companies, positioning itself as a leader in comprehensive financial solutions.