Papaya Global acquires Azimo

Wednesday 22 June 2022 14:38 CET | News

Payroll provider company Papaya Global has announced the expansion of its products and services for business customers around the world through the acquisition of digital money transfer platform Azimo.

The news follows the company’s recent valuation at USD 3.7 billion after it raised an additional USD 250 million in a Series D funding round. The latest funding round of the Israeli company was led by venture capital company Insight Partners, with the participation of Tiger Global and other former investors, including IVP, Workday Ventures, and Scale Venture Partners.

Papaya’s global SaaS software system helps companies manage various tasks, including onboarding, payroll, and payments, through a simple, integrated platform. It also delivers automated cloud-based payroll and global payment solutions and operates in over 150 countries worldwide.

By acquiring digital payment network Azimo, Papaya Global will be able to deliver global payments faster, including instant payroll payments through crypto, cash advance, and other credit-related products. 

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Keywords: acquisition, supplier onboarding, merchant onboarding, digital onboarding, SaaS, online payments, instant payments, real-time payments, e-wallet, digital payments, funding
Categories: Payments & Commerce
Companies: Papaya Global
Countries: World
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Payments & Commerce

Papaya Global

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