US-based remote working fintech Deel launches in Europe

Thursday 13 August 2020 10:57 CET | News

Fintech startup Deel has launched in Europe in hopes to streamline the work from home process through its online platform.

Deel’s platform enables employers to hire and pay remote workers in over 100 currencies from anywhere in the world. The new platform removes the often-expensive legal fees and hours of due diligence that companies go through when hiring staff from other countries. Deel works with local laws, complex tax systems, and international payroll processes. 

Under lockdown, the remote working fintech saw a 200% surge in customer growth and a 600% increase in revenue and now counts file sharing platform WeTransfer as a valued customer. Deel’s USD 14 million Series A funding round was raised entirely remotely and has fully funded the new fintech’s launch. 

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Keywords: US, Europe, remote working, fintech, Deel, work from home, online platform, remote workers, currencies, legal fees, due diligence, local law, tax system, international payroll process, WeTransfer
Categories: Banking & Fintech
Countries: Europe
This article is part of category

Banking & Fintech