Tagged: payroll

Payroll and Benefits Fintech OnPay Reports $100M in Funding

OnPay, a provider of payroll, HR, and benefits solutions, announced today that it has secured more than $100 million in funding. The funding consists of a $63 million Series B investment round that has reportedly been led by Carrick Capital Partners, along with contributions from… Read More

Brazil’s Digital Bank Nubank Enters Agreements to Expand Total Addressable Market for Payroll Loans

Nubank (NYSE: NU) announces the signing of agreements with the states of Rio de Janeiro and Minas Gerais to expand the offering of payroll loans. With these two new contracts, the company reaches a “total of 11 agreements and expands its total addressable market (TAM)… Read More

Digital Banking: Brazil’s Nubank Enters Agreements to Expand NuConsignado Offering

Nubank (NYSE: NU) has finalized negotiations for seven new agreements to expand the offering of NuConsignado, its 100% digital payroll loan service. The new contracts include the three branches of “the Brazilian Armed Forces—the Brazilian Air Force, Navy, and Army—as well as the municipalities of… Read More

Payroll and Payments Fintech Thera Reportedly Secures $4 Million via Seed Round

Thera, a payroll and payments platform, has announced that it has raised a $4 million Seed round with participation from Y Combinator, 10x Founders, Amino Capital, Zillionize, and Bayhouse Capital. Angels in the investment round reportedly “include Oliver Jung, Chris Bakke, Andrew Yeung, Akash Magoon,… Read More

Embedded Finance Landscape Is Shifting with Financial Services Enablers Moving Towards Full Banking Licenses – Report

Strategy consultants at OC&C have shared a report unveiling a significant opportunity for Embedded Finance for scale SaaS ERP (Enterprise Resource Planning) and payroll providers. Embedded Finance refers to the “integration of financial products into non-financial customer journeys.” The value chain for embedded finance typically… Read More

PayPal and UKG Launch Payroll Integration to Enable Access to Payroll Funds

PayPal (NASDAQ: PYPL) and UKG have launched a payroll integration to enable access to payroll funds. U.S. employees whose pay is processed through UKG Pro can “now sign up for a PayPal Balance account and set up PayPal Direct Deposit1 through their employer’s payroll portal,… Read More

Fintech CloudPay Reports $120M in New Funding to Support Business Operations

CloudPay, the independent provider of global payroll and payment solutions, announces the closing of a $120 million funding round led by Blue Owl Capital with the participation of existing shareholders Rho Capital Partners, The Olayan Group and Hollyport Capital. The funding further strengthens CloudPay’s capital… Read More

Deel, dLocal Celebrate Expansion Across Asia, EMEA

dLocal, a cross-border payment platform specializing in high-growth markets, today expanded its partnership with Deel, a global HR and payroll platform that helps businesses scale their remote workforce capabilities. The expansion includes Indonesia, Malaysia, Thailand, and Vietnam in Asia, and Ghana, Jordan, Kenya, Morocco, Saudi… Read More

Global Workforce Platform Rippling Launches in the UK

Rippling is now available for companies headquartered in the United Kingdom. As the all-in-one workforce platform with built-in payroll, HRIS, benefits and more, Rippling offers access “to over a dozen products that support your UK and global employees.” Today, most businesses in the UK utilize… Read More

Payroll firm PaySpace acquired by Deel

Global human resources company Deel announced this week that it is acquiring PaySpace, a provider of payroll and human resource services. Deal terms were not disclosed. Founded 20 years ago, PaySpace provides native payroll engines in 44 countries across Africa and the Middle East. Heineken,… Read More

Remote Working Fintech Deel Launches API for Global Payroll and EOR, Making Processing More Seamless

Fintech firm Deel is pleased to launch the new Adjustments API for Global Payroll and EOR, making your payroll processing experience faster and more accurate. Deel explains that the API lets you automatically “sync expenses, bonuses, and allowances data directly onto Deel, so you’ll only… Read More

Remote Working Fintech Deel Updates Off-Cycle Payments, Bulk Terminations, Employee Entity Transfers

Fintech Deel has reportedly made updates to off-cycle payments, bulk terminations, and employee entity transfers. Deel’s Global Payroll is expanding and improving upon its features “to deliver a seamless experience.” The firm says it wants you “to have everything you need to manage and pay… Read More

Remote Working Fintech Deel Introduces Payroll Connect Solution

Clients can gather all of their payroll data in one global report with Deel Payroll Connect. As explained by Deel in a blog post, Payroll Connect allows clients “to standardize payroll reporting across all of your entities— even if you use different payroll providers.” Deel… Read More

Velocity Global, which Helps Firms with Compliantly Hiring, Paying, Managing Distributed Workforce, Makes Key Appointments

Velocity Global, which claims to be the world’s expert on work, announced the appointment of Susan McDonough as Chief Transformation Officer and Frank Lucier as Chief Customer Success Officer, effective August 28th and September 5th, respectively. In her role, Susan will manage and execute “on… Read More

FT Partners Releases Report on Innovations in Payroll, Human Capital Management

FT Partners Research is pleased to announce the release  of their new in-depth industry research report, “Innovations in Payroll and Human Capital Management.” As noted in the update shared by FT Partners with CI, the global payroll industry is currently in the process of “undergoing… Read More

Fintech Bitwage Introduces Tether USDT on TRON, Aiming for Cost-Effective Crypto Payroll

Bitwage is pleased to announce the integration of Tether USDT via TRON network, marking another significant milestone in their journey “to deliver seamless cross-border and multi-currency services.” This addition to their stablecoin options “reaffirms their commitment to offering enhanced liquidity, efficiency, and convenience to our… Read More

UKG, a Provider of HR, Payroll, Workforce Management Solutions, Completes Acquisition of Immedis

UKG, a provider of HR, payroll, and workforce management solutions for all people, has completed the acquisition of Immedis, a global payroll provider with technology and services supporting more than 160 countries and 120 currencies. With the acquisition closing, UKG announced “the immediate launch of… Read More

UKG Enhances Multi-Country Payroll with Agreement to Acquire Immedis

To transform multi-country payroll with the HCM industry’s most adaptable, intelligent experience for multinational businesses, UKG Inc., a provider of HR, payroll, and workforce management solutions for all people, has reached an agreement to acquire Immedis, a global payroll provider with technology and services supporting… Read More

Fintech Nium Enhances Global Payroll Payments Solution, Provides Transparent Foreign Exchange (FX) Rates

Nium, the firm focused on real-time global payments, has enhanced its market-leading payroll payments solution to support the complex needs of payroll platforms worldwide. Nium’s payroll solution “simplifies global growth for a majority of payroll platforms, including Panther, a provider of global employment, payroll, benefits,… Read More

Fintech Paysend, Ontop to Provide Instant, Cost-Effective Salary Payments

Paysend, the global card-to-card transfers pioneer and global payments platform, is announcing today a new partnership with global payroll platform Ontop, “enabling employers to make faster and more cost-effective salary payments to workers and contractors.” Paysend will power Ontop’s new payout-to-cards capability “for employee and… Read More

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