Papaya Global Ltd.

Established in 2016 and based in New York, US, Papaya Global Ltd. operates as a provider of a SaaS-based platform that helps enterprises. The company was co-founded by CEO Eynat Guez, CPO Ruben Drong, and CTO Ofer Herman. As of September 2021, the company provides a solution for managing and paying all types of global workers in compliance, from onboarding to payments, in over 140 countries.

In March 2021, Papaya raised USD 100 million in series C funding led by Greenoaks Capital and bringing the company’s valuation across USD 1 billion. In September 2021, Papaya Global, Inc. raised USD 250 million in series D funding co-led by new investor Tiger Global Management and returning investor Insight Partners, with participation from other returning investors, bringing the company’s valuation to USD 3. 7 billion.

Papaya's platform offers people, payroll, and payment management solutions supporting all types of global employment (payroll, EoR, and contractors). Papaya's automated cloud-based SaaS platform provides an end-to-end solution, from onboarding to ongoing management and cross-border payments. The platform integrates with all existing HRIS management tools, provides real-time business intelligence, and eliminates errors. The company gathers the employee information into one place, creating a visible system for tracking payroll spending.

The platform ensures GDPR and SOC compliance to maintain the standard of security. Papaya plans to use its funding from March 2021 to September 2021 for its global workforce management platform, to reinforce and invest in its product, engineering, and go-to-market teams. The company also plans to continue its global expansion.