Asset Manager

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Inova Payroll

Inova Payroll, founded by Farsheed Ferdowsi, provides an all-in-one HCM platform for payroll, HR, and benefits to over 5,500 US businesses.

Inova Payroll

Inova Payroll was founded by Farsheed Ferdowsi, who identified a lack of personalized service in the payroll industry. His vision was to build a company where clients are not numbers but individuals who build lasting relationships with designated support team members. Inova provides an all-in-one human capital management (HCM) platform that includes payroll processing, tax filing, HR administration, talent management, benefits enrollment, and employee engagement tools. The platform automates routine tasks, streamlines recruiting, and offers people analytics. Inova integrates with various ERP and business management software through its API. The company serves multiple industries including financial services, hotels and hospitality, landscaping, long-term care, manufacturing, medical and dental, non-profit, and retail. The company reports supporting over 5,500 businesses and 250,000+ employees across the United States. Inova maintains a 4.7 star rating. The firm is headquartered in Nashville, Tennessee. No additional offices, total professionals, or recent operational events are publicly disclosed beyond the founding vision and core values. Inova's structural differentiator is its explicit decision to avoid the high-volume, low-touch model of competitors like ADP and Paychex. The firm positions itself on personalized, responsive support with dedicated account teams and a stated commitment to relationships, not just transaction processing.

General information

Firm type

Asset Manager

Year founded

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Nashville

Corporate office

Nashville, TN, United States

Principals

Farsheed Ferdowsi

Founder

Sector focus

Payroll SoftwareHuman Capital ManagementBenefits AdministrationHR Technology

Frequently asked questions

Who runs investment decisions at Inova Payroll?

Inova Payroll is a privately held company founded and led by Farsheed Ferdowsi. The firm does not publish details on its investment committee or capital allocation process, and no external institutional allocators are involved.

How does Inova Payroll source proprietary deal flow?

Inova Payroll does not source external investments or operate as an allocator. It is a payroll and HR technology company that develops and markets its own HCM platform. It does not pursue venture-style deal flow or co-investments.

Is Inova Payroll structured as a single family office or does it operate more like a venture firm?

Inova Payroll is not a family office or venture firm. It is a privately held payroll and HR services company. Its structure is a standard operating company, not an investment vehicle.

Does Inova Payroll participate in fund commitments or only direct deals?

Inova Payroll does not participate in fund commitments or direct investment deals. It is an operating company providing payroll and human capital management services, not an investment manager.

What investment stages does Inova Payroll typically target?

Inova Payroll is not an investment firm and does not target investment stages. It provides payroll, HR, and benefits software and services directly to businesses across all sizes.

Which sectors does Inova Payroll explicitly avoid?

Inova Payroll does not publicly declare any sectors it avoids. Its platform is used across financial services, hospitality, landscaping, long-term care, manufacturing, medical, dental, non-profit, and retail industries.

How is Inova Payroll related to any parent or related vehicle?

Inova Payroll does not disclose any parent company, affiliated investment vehicle, or spinout relationship. It appears to be an independent, privately held firm.

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

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