Global Workforce Payroll software
Updated: December 30, 2020
2020. Remote raises $35M to help orgs with global workforce payroll
The startup Remote, that is helping companies to manage employees who have never worked in the office, and might even live outside the country, has closed a round of $35 million, a Series A. Remote acts as the middle man, working with the company and the employee in his/her home market to figure out how best to employ that person — whether as full-time or as a permanent contractor — and then handles payroll and more with a network of localised legal entities that it has built from the ground up to handle everything, from employer of record services, to payroll, benefits, taxes and visa and immigration services when they are needed, as well as a platform to cover payments when the employee in question is a contractor. Its customers range in size from 10 employees to a few thousand.
2020. Papaya Global raises $40M for a payroll and HR platform aimed at global workforces
Papaya Global, an Israeli startup that provides cloud-based payroll, as well as hiring, onboarding and compliance services for organizations that employ full-time, part-time, or contract workers outside of their home country, has raised $40 million in a Series B round. Different countries have different employment regulations, varied banking rules, completely different norms in terms of how people get paid, and so on. While there have been some really modern tools built for local workforces — Rippling, Gusto and Zenefits now going head to head with incumbents like ADP — they weren’t built to address these issues.
2020. Deel nabs $30M more for payroll, compliance and other tools to run global workforces
Deel, the startup that provides payroll, compliance tools and other services to help businesses do that in a more seamless way, has raised $30 million in new funding. Deel is helping fix employing people across borders, whether they are employees or contractors. The problem that Deel is solving is the fact that up to now it’s not been very easy to do this. Companies either have to set up or already have in place local entities, or work with local legal teams to get things right. Chances are that if you are scaling quickly, you may not have these in place already, and might not have the funds to set it up if you don’t. That, in turn, might keep an organization from making the leap to working with the person abroad, or at least limiting the scope of engagement between the worker and company as a result.