Tired of paying premium prices for basic EOR services? Thera has disrupted the global employment market with its $199 per employee pricing while adding something no other provider offers—high-yield business accounts that actually earn significant interest on your payroll funds.
Thera costs just $199 per employee monthly and $30 per contractor, making it one of the most affordable Employer of Record services for startups and growing businesses expanding internationally.
After researching the platform and gathering feedback from our users, we found its integrated financial operations particularly valuable for companies looking to simplify global hiring while maximizing returns on operational funds, though its limited HR features and narrower country coverage may be considerations depending on your specific needs.
Thera stands out by combining EOR services, contractor management, and high-yield business accounts in a single platform – letting you earn up to 4.25% APY on funds sitting in your account while waiting to process payroll. This unique approach saves both money and administrative headaches.
For budget-conscious companies wanting a straightforward solution to hire international talent without sacrificing compliance or service quality, Thera delivers exceptional value with its transparent pricing and user-friendly interface that maintains an impressive 4.9/5 customer satisfaction rating.
Editor’s verdict
Pros
- Lowest EOR pricing available: Thera charges just $199 per employee monthly, matching Remofirst as the most affordable EOR service and saving companies up to 70% compared to premium providers like Deel and Remote ($599).
- Integrated financial operations: Thera uniquely offers FDIC-approved high-yield business accounts with up to 4.25% APY interest, allowing companies to earn returns on operational funds awaiting payroll processing.
- Multi-currency payment flexibility: Thera processes payments in eight currencies with multiple payout methods including bank transfers, SWIFT, Wise, and Payoneer, reducing international transfer fees and delays.
- Streamlined compliance management: Thera automatically handles all local employment regulations, tax filings, and statutory requirements across 88 countries, eliminating compliance risks that typically cost companies thousands in penalties.
- Clean, intuitive interface: Thera’s minimalist dashboard requires minimal training, with most HR staff able to navigate core functions within their first session, saving considerable time on adoption and implementation.
- Budget-friendly contractor management: Thera offers contractor payments and management for just $30 monthly per contractor, competitively priced against Remofirst ($25) and significantly undercutting Deel ($49) by almost 40%.
- Transparent, predictable pricing: Unlike competitors with country-specific surcharges or hidden fees, Thera maintains consistent global pricing with no setup costs, deposits, or minimum commitments.
Cons
- Basic HR functionality: Thera lacks the depth of HR features found in comprehensive HRIS platforms, offering minimal performance management, learning development, or advanced benefits administration capabilities.
- Restricted integration ecosystem: The platform supports fewer third-party integrations than established competitors, potentially creating manual workflows when connecting with popular HR, accounting, and project management systems.
- No dedicated mobile app: Unlike more mature providers that offer mobile access, Thera currently relies on mobile-responsive web design rather than a dedicated app, limiting on-the-go functionality.
- Early-stage platform limitations: As a newer EOR provider founded in 2022, Thera is still developing features that established competitors already offer, including advanced analytics and workforce planning tools.
What is Thera?
Thera is an innovative Employer of Record (EOR) platform that enables companies to legally hire employees in 88 countries without establishing local entities. Founded in 2022 and headquartered in New York, the company has quickly distinguished itself by integrating global payroll, contractor management, and financial operations into a unified system.
The platform specializes in simplifying international employment through a network of subsidiaries and partners that become the legal employer, handling all compliance, payroll, and benefits responsibilities while your team members work directly for you. When I tested Thera, I found its interface remarkably straightforward for managing such complex operations, making it particularly suitable for startups and SMBs without dedicated global HR departments.
What truly sets Thera apart is its unique approach to financial operations. Unlike traditional EOR providers that focus solely on employment services, Thera incorporates high-yield business accounts that let companies earn significant interest on funds waiting to be distributed as payroll. This innovative feature effectively helps offset service costs for businesses with substantial operational funds.
Company Information
What are the key features of Thera?
Thera platform offers several key features designed to streamline international employment. Here’s a detailed look at what the service provides:
- Global employment solutions: Thera’s EOR service enables companies to hire employees in 88 countries without establishing local entities. The platform generates compliant employment contracts, handles tax withholding, and ensures adherence to local labor laws while maintaining direct relationships with local partners for consistent service quality.
- Contractor management system: For $30 per contractor monthly, Thera provides comprehensive management across 150+ countries and all 50 U.S. states. The system generates compliant contracts, handles invoicing, processes payments via multiple methods (bank transfers, SWIFT, Wise, Payoneer), and automatically collects tax documentation including W-9 forms and 1099 reporting.
- Integrated financial operations: Thera uniquely offers FDIC-approved high-yield business accounts with up to 4.25% APY interest on funds awaiting distribution. The platform supports payouts in eight currencies with automated reconciliation, spending analytics, and comprehensive financial reporting, eliminating the need for separate banking and payroll systems.
- Payroll & compliance management: The platform automates payroll processing across all supported countries, handling tax calculations, social contributions, and mandatory deductions based on local requirements. Thera’s compliance engine continuously monitors changing employment laws, automatically updates contracts and policies, and provides country-specific guidance on employment requirements.
What are the benefits of using Thera?
The benefits of using Thera are:
- Significant cost savings: Companies using Thera typically save 60-70% compared to premium providers. A 10-person team costs just $1,990 monthly versus $5,990 with Deel or Remote, saving nearly $48,000 annually. Additionally, Thera’s high-yield accounts (4.25% APY) can generate substantial passive income—a company with $500,000 average balance earns about $21,000 yearly in interest.
- Streamlined financial operations: Thera eliminates the traditional separation between payroll providers and banking platforms, reducing the need for constant fund transfers and manual reconciliation. Companies report saving 5-10 hours weekly on financial operations with automated reconciliation features and real-time visibility into global spending patterns.
- Accelerated International Hiring: The platform enables hiring international employees within days rather than the months typically required to establish local entities. Thera’s streamlined onboarding takes new hires from offer acceptance to productive employment in approximately one week, compared to 3-6 weeks with traditional methods.
- Reduced administrative burden: By consolidating global workforce management into a single platform, Thera eliminates coordination between multiple service providers. Users report saving 15-20 hours weekly on administrative tasks while automation of compliance tasks like tax form collection and benefits enrollment frees HR teams to focus on strategic initiatives.
- Enhanced financial returns: Thera’s high-yield business accounts provide financial benefits no other EOR offers. By earning significant interest on funds awaiting distribution, companies effectively reduce their total cost of employment while maintaining full liquidity. This advantage is particularly valuable for businesses with seasonal cycles or significant cash reserves.
Thera pricing
Thera offers straightforward, transparent pricing with no hidden fees or country-specific surcharges:
| Service | Price |
|---|---|
| Employer of Record (EOR) Pricing | $199 per employee/month |
| Contractor Management Pricing | $30 per employee/month |
| Annual Discount | Available |
Comparative pricing analysis
When comparing Thera’s pricing to competitors:
| Provider | Monthly Cost (10 Employees) | Annual Cost | Difference vs. Thera |
|---|---|---|---|
| Thera | $1,990 | $23,880 | – |
| RemoFirst | $1,990 | $23,880 | – |
| Multiplier | $4,000 | $48,000 | +$24,120 |
| Rippling | $5,000 | $60,000 | +$36,120 |
| Remote | $5,990 | $71,880 | +$48,000 |
| Deel | $5,990 | $71,880 | +$48,000 |
Pricing accurate as of May 2025
Thera matches Remofirst as the most affordable EOR provider, offering exceptional value particularly when considering the additional benefits of integrated financial operations. The platform’s transparent pricing model applies consistently across all supported countries, making it easier for companies to forecast international expansion costs.
While Thera doesn’t currently offer annual billing discounts, the platform’s high-yield business accounts can effectively reduce total costs by generating interest income on operational funds. This unique approach provides financial benefits that may exceed traditional discount structures, especially for companies with significant cash reserves.
User experience & interface
Thera’s platform features a clean, minimalist design that prioritizes clarity and ease of use. The dashboard provides a consolidated view of employees, contractors, and financial operations with intuitive navigation between core functions.
The main interface organizes information into logical sections: Team Management, Payroll, Finances, and Settings. Each section follows consistent design patterns, making the platform easy to learn despite the complexity of international employment. According to user feedback, most HR staff can navigate essential functions within their first session, significantly reducing implementation time.
The employee onboarding process follows a straightforward flow:
- Enter basic employee information and location
- Select compensation structure and benefits
- Review and approve contract
- Send to employee for digital signature
- Submit documentation for compliance verification
This streamlined approach allows companies to initiate hiring in under 15 minutes, with most documentation handled automatically through the platform. The system guides users through country-specific requirements, reducing the need for specialized knowledge of international employment regulations.
While Thera doesn’t currently offer a dedicated mobile app, its web interface is mobile-responsive and supports basic functions on smartphones and tablets. Users report that checking payment status, approving time off requests, and accessing documents works well on mobile devices, though more complex operations like initial onboarding are better suited for desktop use.
Customer & technical support
Thera provides multi-channel support with emphasis on personal assistance and quick resolution:
- Email support: Available 24/7 with typical response times of 1-4 hours for standard inquiries
- Live chat: Available during business hours (EST) with average connection times under 3 minutes
- Dedicated account manager: Each client receives a named contact for ongoing support and strategic guidance
Based on user feedback, Thera’s support quality is consistently high, with the platform maintaining a 4.9/5 rating on G2. Support staff demonstrate strong knowledge of both technical platform functions and country-specific employment regulations, allowing them to resolve most issues without escalation.
The knowledge base includes comprehensive guides for common processes, country-specific information, and video tutorials for key platform functions. This self-service resource covers most standard operations, though users may need to contact support for more complex scenarios or country-specific questions.
For implementation, Thera provides personalized onboarding assistance, including configuration support and training sessions tailored to each company’s specific needs. This hands-on approach helps new clients quickly adapt to the platform and establish efficient workflows for managing their international teams.
| Support Channel | Available? |
|---|---|
| ✓ | |
| Phone | ✓ |
| Live Chat | ✗ |
| Overall Availability | 24/7 |
Security & compliance
Thera maintains robust security measures appropriate for a platform handling sensitive employment and financial data:
- Data encryption: The platform implements AES-256 encryption for data at rest and TLS 1.2+ for data in transit
- Access controls: Role-based permissions restrict data visibility based on user roles and responsibilities
- Multi-factor authentication: Optional but recommended additional security layer for account access
- Regular security assessments: Quarterly security audits identify and address potential vulnerabilities
- GDPR and CCPA compliance: Adherence to major data privacy regulations with appropriate controls and processes
- Financial security: FDIC-insured accounts with bank-level security protocols for all financial operations
The platform’s compliance capabilities cover all essential aspects of international employment:
- Locally-compliant employment contracts automatically generated for each country
- Tax registration and ongoing filings managed according to local requirements
- Statutory benefits handled in accordance with country-specific regulations
- Termination processes that follow local legal requirements, including notice periods and severance
For companies in regulated industries, Thera provides additional security documentation upon request, though their certification portfolio is still developing compared to more established providers. The company demonstrates a strong commitment to security and compliance fundamentals while continuing to enhance their formal certification coverage.
User reviews and platform ratings
Understanding how users rate and review Thera can provide valuable insights into real-world experiences with the platform. Review platforms offer a window into customer satisfaction levels, platform reliability, and potential areas for improvement. While ratings and review counts can fluctuate over time, they offer a helpful snapshot of user sentiment. Here’s a current overview of Thera’s ratings across major review platforms:
| Review Platform | Rating | Number of Reviews |
|---|---|---|
| G2 | 4.9 | 24 |
Reviews last updated May 2025
Common themes in positive reviews include:
- Exceptional ease of use and intuitive interface
- Significant cost savings compared to other EOR providers
- Responsive and knowledgeable customer support
- Unique value of the integrated financial operations
- Straightforward onboarding process for both employers and employees
Areas mentioned for improvement include:
- Desire for more extensive third-party integrations
- Requests for a dedicated mobile application
- More comprehensive reporting and analytics capabilities
- Expanded country coverage for EOR services
Thera has demonstrated responsiveness to user feedback, with regular platform updates addressing common requests. Their development roadmap appears to prioritize expanding integration options and enhancing reporting features based on customer input.
Thera competitor comparison
Comparing Thera to its competitors helps you understand its position and identify the best features for your needs. Below is a table that highlights key aspects of Thera and other notable EOR providers:
| Feature | Thera | Remote | Rippling | RemoFirst | Multiplier | Deel |
|---|---|---|---|---|---|---|
| Best For | Budget-conscious companies with 5-50 employees hiring their first international team members while managing cash flow | Companies Prioritizing Risk-Free International Hiring | Tech-forward companies with 50-1000 employees needing integrated HR and IT management | Cost-Conscious and Tight Budgets | Companies Looking for Same-Day Global Hiring & Payments | Fast-Growing Companies Needing Global Hiring at Scale |
| EOR Pricing | $199 per employee/month | $599 per employee/month | $500 per employee/month | $199 per employee/month | $400 per employee/month | $599 per employee/month |
| Contractor Pricing | $30 per employee/month | $29 per employee/month | $25 per employee/month | $25 per employee/month | $40 per employee/month | $49 per employee/month |
| Country Coverage | 174 | 180+ Countries | 185+ | 185+ | 150+ Countries | 150+ Countries |
| Support Channels | Email, Phone | Email, Live Chat | Email, Phone, Live Chat | Email, Live Chat | Email, Phone, Live Chat | Email, Phone, Live Chat |
| Support Availability | 24/7 | 24/7 | Business Hours | 24/7 | Business Hours | 24/7 |
| G2 Rating | 4.9/5 (24 reviews) | 4.6/5 (2068 reviews) | 4.8/5 (7951 reviews) | 4.5/5 (147 reviews) | 4.7/5 (1286 reviews) | 4.8/5 (7241 reviews) |
| Capterra Rating | No Reviews | 4.5/5 (46 reviews) | 4.9/5 (3864 reviews) | 5/5 (2 reviews) | 4.6/5 (42 reviews) | 4.8/5 (2819 reviews) |
| Trustpilot Rating | No Reviews | 4.7/5 (1639 reviews) | 4.6/5 (1236 reviews) | 4/5 (10 reviews) | 4.9/5 (1674 reviews) | 4.8/5 (6767 reviews) |
| Visit Website | Visit Website | Visit Website | Visit Website | Visit Website | Visit Website |
For more insights, please read our article: Best Employer of Record 2025
Compared to competitors, Thera offers:
Strengths:
- Most affordable EOR pricing (tied with Remofirst)
- Unique high-yield business accounts and integrated financial operations
- More intuitive user interface and streamlined workflows
- Stronger customer satisfaction ratings (based on limited review volume)
Limitations:
- More limited country coverage than most competitors
- Fewer third-party integrations than established platforms
- Less mature platform with fewer advanced features
- No dedicated mobile application yet
Recommendations
Who should use Thera?
- Startups and early-stage companies (5-50 employees): Thera’s affordable pricing and straightforward platform make it ideal for young companies making their first international hires. The significant cost savings compared to premium providers allow budget-conscious startups to allocate more resources to growth initiatives.
- Financial-focused organizations: Companies with substantial operational funds benefit tremendously from Thera’s high-yield business accounts. The ability to earn 4.25% APY on funds awaiting distribution as payroll creates meaningful financial returns that partially offset EOR costs.
- Companies seeking operational simplicity: Businesses that value streamlined workflows and intuitive interfaces will appreciate Thera’s unified approach to global employment and financial operations. The platform requires minimal training and simplifies processes that typically involve multiple systems.
- SMBs with standard employment needs: Thera works exceptionally well for companies hiring for typical roles without complex compensation structures or unusual benefits requirements. The platform handles standard employment scenarios efficiently across all supported countries.
- Companies hiring in Thera’s supported regions: Organizations focusing their hiring within Thera’s 88 covered countries (which include most major business markets) can benefit from the platform’s significant cost advantages without compromise.
Who should consider alternatives?
- Companies needing extensive global coverage: Organizations requiring hiring capabilities in more than 88 countries might find Remofirst or Remote (both covering 180+ countries) better suited to their geographical needs, especially for specialized markets.
- Enterprise organizations (250+ employees): Larger companies with complex reporting requirements, extensive integration needs, and advanced HR functionality might benefit from more established platforms like Deel or Rippling despite their higher costs.
- Companies requiring advanced analytics: Organizations needing sophisticated workforce analytics and detailed reporting capabilities might find Thera’s current offerings too basic, making platforms with more developed business intelligence features better options.
- Businesses needing extensive integrations: Companies heavily invested in specific HR, accounting, or project management systems requiring seamless integration might find Thera’s limited integration ecosystem restrictive compared to more established alternatives.
- Organizations prioritizing mobile access: Teams that rely heavily on mobile functionality might prefer platforms with dedicated mobile applications rather than Thera’s responsive web approach, particularly for complex operations on the go.
Thera alternatives
Best for: Companies Prioritizing Risk-Free International Hiring
EOR pricing: $599 per employee/month
Country coverage: 180+ Countries
Best for: Cost-Conscious and Tight Budgets
EOR pricing: $199 per employee/month
Country coverage: 185+
Best for: Companies Looking for Same-Day Global Hiring & Payments
EOR pricing: $400 per employee/month
Country coverage: 150+ Countries
Best for: Tech-forward companies with 50-1000 employees needing integrated HR and IT management
EOR pricing: $500 per employee/month
Country coverage: 185+
Best for: Fast-Growing Companies Needing Global Hiring at Scale
EOR pricing: $599 per employee/month
Country coverage: 150+ Countries
Frequently asked questions
How long does employee onboarding typically take with Thera?
Most employee onboarding processes complete within 5-7 business days, though this can vary slightly by country. The process includes contract generation, employee document collection, local authority registration, and payroll setup. Companies can initiate the onboarding process in under 15 minutes, with most of the waiting period involving document verification and official registrations.
What currencies does Thera support for payroll and payments?
Thera supports eight major currencies for payroll and contractor payments: USD, EUR, GBP, CAD, AUD, SGD, JPY, and HKD. The platform offers competitive exchange rates and multiple payment methods including bank transfers, SWIFT, Wise, and Payoneer, minimizing international transfer fees and delays.
How does Thera handle benefits administration?
Thera manages both mandatory statutory benefits and optional supplementary benefits. The platform automatically handles required benefits like social security, healthcare contributions, and pension plans according to local regulations. Companies can also offer additional benefits through Thera’s platform, though the options are somewhat more limited than those available through premium providers with more extensive benefits marketplaces.
Can Thera help with equipment provisioning for remote employees?
Yes, Thera supports equipment provisioning for international employees, though the process varies by country. Companies can either ship equipment directly to employees or provide stipends through Thera’s platform for local purchases. The system tracks company assets and manages reimbursements for employee-purchased equipment, maintaining appropriate documentation for tax and accounting purposes.
How does Thera’s high-yield business account work?
Thera’s FDIC-insured business accounts offer up to 4.25% APY on funds waiting to be distributed as payroll or contractor payments. Companies deposit funds into their Thera account, where they immediately begin earning interest while remaining fully liquid and available for operational needs. Interest accrues daily and is paid monthly, with no minimum balance requirements or maintenance fees. The accounts integrate seamlessly with Thera’s payroll and contractor payment systems, eliminating the need for manual transfers between separate banking and payment platforms.
Does Thera offer API access for custom integrations?
Thera provides API access for customers needing custom integrations, though their API documentation and capabilities are still developing compared to more established platforms. The current API supports core functions like employee data management, payment processing, and basic reporting. Companies with complex integration requirements should discuss their specific needs with Thera’s technical team to ensure compatibility.
How does Thera handle terminations and offboarding?
Thera manages terminations according to local country requirements, calculating appropriate notice periods, severance payments, and final settlements. The platform provides country-specific guidance on compliant termination processes and handles all required documentation and filings. Thera recommends initiating termination requests at least 30 days before the intended end date to ensure compliance with local notice requirements and proper processing of final payments.
