Papaya Global
Founded Year
2016Stage
Series D | AliveTotal Raised
$439.51MValuation
$0000Last Raised
$250M | 4 yrs agoRevenue
$0000Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-60 points in the past 30 days
About Papaya Global
Papaya Global operates within the financial technology and human resources sectors, focusing on global payroll and payments. The company provides a platform for managing payroll and payments for businesses with a global workforce, addressing compliance. It serves industries that require cross-border payment solutions and workforce management, including maritime, oil and gas, iGaming, staffing firms, freelancer marketplaces, multinational corporations, and accounting firms. It was founded in 2016 and is based in New York, New York.
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Papaya Global's Product Videos
ESPs containing Papaya Global
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The global payroll market provides payroll processing and management services to organizations worldwide through software solutions, outsourcing services, and consulting firms. It encompasses platforms that handle payroll functions across multiple countries, ensuring compliance with local regulations, tax laws, and reporting requirements. These solutions offer automation, real-time visibility, int…
Papaya Global named as Outperformer among 15 other companies, including Deel, Workday, and ADP.
Papaya Global's Products & Differentiators
Papaya Onboarding
Automated onboarding experience. Frictionless for all employment models (Payroll, EOR, Contractors),Consolidate all workers onto one streamlined platform, capturing a system of record that enables payroll impact.
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Research containing Papaya Global
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Papaya Global in 4 CB Insights research briefs, most recently on Jan 3, 2024.
Nov 7, 2022
The Transcript from Yardstiq: See ya, ADP
Nov 7, 2022 report
Top global employment & payroll companies — and why customers chose themExpert Collections containing Papaya Global
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Papaya Global is included in 5 Expert Collections, including HR Tech.
HR Tech
5,910 items
The HR tech collection includes software vendors that enable companies to develop, hire, manage, and pay their workforces. Focus areas include benefits, compensation, engagement, EORs & PEOs, HRIS & HRMS, learning & development, payroll, talent acquisition, and talent management.
Unicorns- Billion Dollar Startups
1,276 items
Payments
3,198 items
Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.
Fintech
9,653 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Fintech 100
749 items
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Papaya Global Patents
Papaya Global has filed 3 patents.
The 3 most popular patent topics include:
- air traffic control
- artificial neural networks
- avionics
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
6/6/2023 | 12/17/2024 | Tires, Textile closures, Parts of clothing, Tire manufacturers, Vehicle technology | Grant |
Application Date | 6/6/2023 |
|---|---|
Grant Date | 12/17/2024 |
Title | |
Related Topics | Tires, Textile closures, Parts of clothing, Tire manufacturers, Vehicle technology |
Status | Grant |
Latest Papaya Global News
Jul 9, 2025
On Jul 9, 2025 The two platforms unite to solve the challenge of managing and paying freelancers globally – with compliance built in As the global labor market rapidly shifts toward freelance and contract work, Papaya Global and Worksome today announced a strategic partnership to redefine how companies, large and small, manage and pay their growing contingent workforce. Freelancers, contractors and gig workers already make up 40% of the global workforce, a number set to exceed 50% by 2050. But most enterprise systems still rely on disconnected tools, legacy models, or manual processes to manage them. This partnership finally solves the compliance and payments complexity of hiring global freelancers by combining Papaya’s end-to-end infrastructure with Worksome’s modern, intuitive freelancer and hiring manager experience. Together, this partnership delivers the most complete end-to-end solution on the market. This marks a new era for Freelance Management Systems (FMSs) — purpose-built systems designed to help enterprises efficiently engage, onboard, and pay independent talent at scale. The solution includes in-product worker classification and onboarding to integrated AOR/EOR and real-time, local-currency payments in 160+ countries. For the first time, companies can manage global freelancers with speed, clarity, and confidence, all in one unified workflow. “The contingent workforce is the fastest-growing segment of global employment, and also the hardest to manage,” said Eynat Guez, CEO and Co-Founder of Papaya Global. “Together with Worksome, we’re solving this challenge at enterprise scale, offering a one-stop solution from onboarding to real-time payments.” “We built Worksome as a modern, tech-based solution to simplify the chaos of contractor management,” said Morten Petersen, CEO and Co-Founder of Worksome. “The partnership with Papaya tackles one of the biggest challenges in contingent workforce, together we’re delivering a global solution that’s fast, flexible, and enterprise-ready.” With Worksome’s sleek front-end experience and Papaya’s global payment infrastructure, companies can pay any freelancer globally — instantly, in local currency, with built-in compliance and full auditability. This is a turning point for companies relying on flexible workforces: no more compliance risk, payment delays, or integration headaches. One platform. One workflow. Total visibility.
Papaya Global Frequently Asked Questions (FAQ)
When was Papaya Global founded?
Papaya Global was founded in 2016.
Where is Papaya Global's headquarters?
Papaya Global's headquarters is located at 200 West 41st Street, New York.
What is Papaya Global's latest funding round?
Papaya Global's latest funding round is Series D.
How much did Papaya Global raise?
Papaya Global raised a total of $439.51M.
Who are the investors of Papaya Global?
Investors of Papaya Global include Insight Partners, Group 11, Bessemer Venture Partners, Workday Ventures, Scale Venture Partners and 15 more.
Who are Papaya Global's competitors?
Competitors of Papaya Global include Rippling, iiPay, Factorial, Deel, Rise and 7 more.
What products does Papaya Global offer?
Papaya Global's products include Papaya Onboarding and 4 more.
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Compare Papaya Global to Competitors
Remote offers a global human resources (HR) platform that provides international employment services and payroll solutions. It offers services for hiring, managing, and compensating employees and contractors worldwide, focusing on compliance and efficiency. It serves businesses that want to expand their operations internationally without establishing local entities. It was founded in 2019 and is based in Amsterdam, Netherlands.
Deel specializes in global payroll and human resource (HR) solutions for businesses. The company offers services that assist with onboarding, compliance, and team management, including payroll processing, contractor management, human resources information system (HRIS) integration, and immigration support. It serves sectors that require international workforce management, such as technology, finance, and professional services. Deel was formerly known as Lifeslice. It was founded in 2019 and is based in San Francisco, California.
Globalization Partners provides global employment solutions within the human resources and legal compliance sectors. The company offers services including employer of record (EOR) solutions, global payroll processing, and contractor management for international hiring and team management. Globalization Partners serves startups, mid-market companies, and enterprises. It was founded in 2012 and is based in Boston, Massachusetts.
Multiplier provides a workforce management platform. It offers payroll, employment, consulting, human resources, hiring, and other professional services. It also provides services for taxes, social contributions, and local insurance policies. The company was founded in 2020 and is based in Singapore.
Velocity Global is involved in global workforce management within the human resources and employment services industry. The company offers services including employer of record, global payroll, benefits administration, immigration support, and talent sourcing to assist with international hiring and compliance. Velocity Global serves businesses aiming to expand their operations and workforce across borders, providing guidance and support in over 185 countries. It was founded in 2014 and is based in Denver, Colorado.
Oyster is an employment platform specializing in enabling companies to hire, pay, and manage international workers. The company offers services such as employer of record, global payroll, and compliance solutions to facilitate the management of a global workforce. It's platform also provides tools for hiring and paying contractors, automating hiring workflows, and offering benefits packages to employees. It was founded in 2020 and is based in Charlotte, North Carolina.
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