Israel-based Papaya Global Raises USD $45 Million Series A for Global Payroll

Israel-based Papaya Global raised $45 Million for global payroll management. Large enterprises have several established choices for global payroll. They also have access to guidance on compliance across borders. Smaller, growing employers don’t have access to the same payroll tech or compliance expertise. This has been the focus of Papaya Global, offering a combination of payroll integration/service and compliance guidance for smaller employers hiring around the globe. In Papaya’s press release they earmark the investment to “…support the company’s rapid growth, invest more in scaling and automation, and launch new products to further support global companies, such as benefits management and salary benchmarks.”

Source: Papaya Global raises a $45 million Series A Funding Round from Insight Partners and Bessemer Venture Partners