Papaya Global

Papaya Global is a Fintech SaaScompany that specializes in global workforce payroll and payments. The company was founded in 2016 by Eynat Guez, Ruben Drong, and Ofer Herman. Eynat Guez is theCEO and has been since the company was established. The company gained unicorn status (more than $1B in valuation) in 2021.
==History==
Papaya Global was founded in 2016, by Eynat Guez, Ruben Drong, and Ofer Herman. The company raised $1.5 million in June 2016.
In November 2019, the company raised $45 million in a Series A funding round led by Insight Partners and Bessemer Venture Partners.
In September 2020, Papaya Global secured an additional $40 million in Series B funding, led by Scale Venture Partners and Workday Ventures. This investment aimed at further developing the company's technology and expanding its market reach.
The following year, in March 2021, Papaya Global raised $100 million in a Series C funding round led by GreenOaks Capital Partners, with participation from IVP and Alkeon. This round valued the company at over $1 billion.
In September 2021, Papaya Global raised $250 million in Series D funding, bringing the company's valuation to $3.7 billion. This round was led by Insight Partners and Tiger Global Management and supported the continued expansion of Papaya Global's services and the scaling of its global operations.
Since 2021, the company has been named to Forbes' Cloud 100 list for three consecutive years, ranking it among the leading SaaS companies in global workforce management.
In March 2022, Papaya Global acquired Azimo. The acquisition, announced in March 2022, provided Papaya Global with licenses for payment services in multiple regions, including the UK, the Netherlands, Canada, Australia, and Hong Kong.
In March 2023, the company underwent a rebranding, and in 2024 it launched the Super Bowl Campaign under the tagline “Small Balls. Big Game.” It was an unexpected move by a B2B tech company to advertise in a mostly B2C arena like the Super Bowl. The ad launched Papaya as a payments company and was supported by parallel and digital campaigns.
==Awards==
* Forbes Cloud 100 (three consecutive years)
* NelsonHall – Industry Leader in the 2023 EOR Report
* TIME100 – Most Influential Companies of 2023
* Fast Company – Most Innovative Companies 2023 & 2024
* Brandon Hall Award – Best Advance in Unique HR and Workforce Management Technology, 2022
* SMBTech 50 Honorees – 2023
* CNBC – Top Startups for the Enterprise, 2022
* Inc. – Power Partner Awards, 2022
* Fintech Magazine – Top 10 Founder-CEOs, 2022
* Fortune Magazine – The 15 Most Powerful Women in Startups, 2022
* Global Payroll Association – Automation and Integration Award
* HR Tech Awards – Best Innovative or Emerging Tech Solution in Core HR/Workforce (2023), Best Global Solution, and Best Comprehensive Solution in Core HR/Workforce (2024)
* FXC Intelligence – Named to FXC Intelligence's Top 100 Cross-Border Payments Companies, 2024
* The Peres Center for Peace & Innovation – Part of Israel's Innovation Dream Team
* FinTech Breakthrough – Best B2B Payments Product (B2B Payment Category)
* The Innovators 2024 – Best Corporate Banking Innovations for Payroll Innovation
* Power in Diversity Israel – One of Israel's Top 10 Most Diverse Startups
* SuiteCloud – International Partner of the Year, 2023
==Activities==
Papaya Global solutions include workforce management, payroll, and cross-border payroll payments, enabling international transactions for payroll and other business payments. The company's global payroll and payments platform enables clients to manage payroll across 160 countries, in compliance with local laws and regulations. Papaya Global also provides Employer of Record (EOR) services, enabling companies to hire employees globally without needing a local entity, and managing all HR tasks and legal compliance.
Papaya Global also offers contractor management solutions for managing and paying contractors worldwide. The platform provides global benefits and immigration, managing employee benefits and supporting immigration procedures across different countries. Equity management services help companies manage their equity plans globally. Papaya Global's Workforce OS SaaS allows managing global payroll and payments with a technology that syncs data in real time.
==Operations==
Papaya Global is headquartered in New York, USA, with additional offices in Hong Kong, Herzliya (Israel), London, Austin (USA), Krakow, Melbourne, India, Singapore, and Barcelona. As of 2023, the company employs over 750 people across these locations.
Papaya Global works in large markets, with a primary focus on the United States. Clients include Shopify, Zscaler, Ritz-Carlton, Mobileye, Fiverr, Toyota, Acer, Wix, Sentinelone, GD, Yubico, Teachforamerica, Arm, and Ineos.
==References==
==External links==
* Official website
* Papaya Global on YouTube
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* Papaya Global on X
Category:Financial technology companies
Category:Financial services companies based in New York City
Category:Software companies based in New York City
Category:2016 establishments in New York City
Category:American companies established in 2016