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Deel

deel
Company typePrivate
Founded2018
Headquarters
San Francisco
Number of employees
2200 (2023)
Websitehttps://deel.com/

Deel is a company based in San Francisco that helps businesses hire and pay international workers and contractors.[1][2] The company provides hiring and payments services.

History

It was founded in 2018 and has raised millions of dollars in funding.[3][4] Deel offers a platform to hire employees and contractors remotely and manages compliance with local employment laws. It also helps with international payroll and provides insurance options.[5] The company processes international payroll, with a range of withdrawal options in multiple currencies, including Coinbase, PayPal, Payoneer, Revolut, and bank transfer.[6]

In June 2022, Deel offered to acquire PayGroup, a public Australian payroll company.[7] The company partnered with the United Arab Emirates government to expedite visas for foreign workers. Deel is headquartered in San Francisco, California. As of January 2023, it reported having 2000 employees.[8] The company operates completely remotely.[9]

References

  1. ↑ Son, Hugh (2020-05-21). "Remote work start-up Deel scores $14 million investment led by Andreessen Horowitz". CNBC. Retrieved 2021-10-17.
  2. ↑ "Deel Raises $156M at $1.2B Valuation to Expand Its Global HR Software Solution | Built In San Francisco". www.builtinsf.com. Retrieved 2021-10-17.
  3. ↑ Son, Hugh (2020-05-21). "Remote work start-up Deel scores $14 million investment led by Andreessen Horowitz". CNBC. Retrieved 2021-10-17.
  4. ↑ Stoller, Kristin. "Future Of Work—The New HR Frontier: These Tech Startups Are Helping Businesses Adapt To A Remote World". Forbes. Retrieved 2021-10-18.
  5. ↑ Stoller, Kristin. "Future Of Work—The New HR Frontier: These Tech Startups Are Helping Businesses Adapt To A Remote World". Forbes. Retrieved 2021-10-18.
  6. ↑ Orbach, Meir (2020-09-10). "Israeli-American automated payroll platform Deel raises $30 million". CTECH - www.calcalistech.com. Retrieved 2021-10-18.
  7. ↑ Shen, Lucinda (2022-06-23). "Deel goes on the M&A offensive". Axios. Retrieved 2022-07-18.
  8. ↑ Cai, Kenrick. "HR Company Deel, Now Valued At $12 Billion, Nears $300 Million Of Revenue". Forbes. Retrieved 2023-03-07.
  9. ↑ "Remote hiring startup Deel raises $156M at a $1.25B valuation after 20x growth in 2020". TechCrunch. Retrieved 2021-10-17.

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