Railsbank customer PayCaptain has been awarded B-Corporation status, the first such worldwide certification in the payroll industry.
London-based PayCaptain is a pioneering payroll service provider.
B-Corporation status certifies a company's commitment to its social and environmental impact, not just profit-making.
In becoming a B-Corporation certified, PayCaptain has demonstrated the company is a genuine advocate for stakeholder benefits – including their workforce, clients, the environment, the local community and shareholders.
To become B-Corporation certified, PayCaptain met stringent selection criteria, whilst demonstrating their social and environmental impact. The company was assessed on multiple factors including governance, employee benefits, stakeholder engagement and impact on the community and environment.
PayCaptain was launched in 2020 to help companies win the battle against financial stress in the workplace. The company adopted Pending B-Corporation status early in its lifecycle. By launching with B-Corporation principles in place, it allowed PayCaptain to scale the business with a solid ethical foundation. PayCaptain already powers the payroll process for many other B-Corporations including Vivobarefoot, Cotswold Fayre and The Social Innovation Partnership.
PayCaptain CEO Simon Bocca told Railsbank: “I’m incredibly proud that PayCaptain is a fully certified B-Corporation. From day one we’ve used the B-Corporation framework as our guide rail for being the best company we can be. We’re dedicated to creating positive experiences for our own employees as well as those of our clients.”
Chris Turner, Executive Director of B Lab UK, added: “Being able to welcome PayCaptain to the B Corp community is hugely exciting. Their commitment to doing business differently will be an inspiration to others and really help spread the idea that we can redefine success in business to be as much about people and planet as it is about profit.”
B Lab UK is a leader in economic systems change, creating a global network of standards, policies and tools for business. Its global community includes 4,200 B Corps in 77 countries and 153 industries. Over 150,000 companies manage their impact with the B Impact Assessment and the SDG Action Manager.