Papaya Global raises $40M for a payroll and HR platform aimed at global workforces

Workforces are getting more global, and people who work day in, day out for organizations don’t always sit day in, day out in a single office, in a single country, to get a job done. Today, one of the startups building HR to help companies provision services for and manage those global workers better is announcing a funding round to capitalise on a surge in business that it has seen in the last year — spurred in no small part by the global health pandemic, the impact it’s had on travel and the way it has focused the minds of companies to get their cloud services and workforce management in order.

Papaya Global, an Israeli startup that provides cloud-based payroll, as well as hiring, onboarding and compliance services for organizations that employ full-time, part-time, or contractors outside of their home country, has raised $40 million in a Series B round

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