[Global] Deel launches new full-stack platform

On January 23, global HR company Deel announced the launch of Deel HR, US Payroll, and Deel Engage, making it possible, for the first time, to hire, manage, and pay global teams compliantly on one platform, Business Wire reports.

News of the launch comes as Deel hits $295 million annual recurring revenue (ARR) at a $12 billion valuation; up from just $57 million ARR at the end of 2021.

A majority of HR teams reportedly use up to 16 different tools for international team management, creating data silos, tech consolidation concerns, and inconsistent team experiences. Deel has streamlined everything needed to hire, manage, and pay global teams in one platform. New functionality includes:

• Deel HR – The global-first Human Resources Information System (HRIS) with everything needed to compliantly manage an entire global workforce – from direct employees, to international contractors, to EOR employees. Deel HR will be free for businesses with fewer than 200 people, roughly a $20k savings for companies.
• US Payroll – This marks the expansion of Deel’s global payroll offering with its first in-house payroll engine, starting in the US. It will never be simpler to handle payroll for global teams, all in one platform.
• Deel Engage – A set of HR Slack plug-ins connected to Deel HR to help distributed teams build a stronger culture, increase team collaboration, manage time off requests, 1-on-1s, candidate referrals, and more.

Camilla Giesecke - Chief Operating and Expansion Officer at Klarna - said, “We are excited to announce Deel as Klarna’s global partner for talent onboarding and payroll management.”

“Our venture investing philosophy at Emerson Collective is to accelerate the growth of consequential companies helping people live to their full potential, which we believe includes providing access to high-quality work opportunities,” Sarah Pinto -  Partner at Emerson Collective - said. “Deel’s products help fulfil that mission by unlocking work opportunities for talented individuals wherever they are in the world. We have been impressed with the breadth of the team’s vision and the velocity of their execution.”

“We’ve disrupted global hiring, and now we plan to disrupt the whole HR industry,” Alex Bouaziz - co-founder and CEO of Deel said. “Products that radically simplify HR get us closer to our goal of helping millions of people get to work for the best companies in the world.”

Source: Business Wire

(Link and quotes via original reporting)

On January 23, global HR company Deel announced the launch of Deel HR, US Payroll, and Deel Engage, making it possible, for the first time, to hire, manage, and pay global teams compliantly on one platform, Business Wire reports.

News of the launch comes as Deel hits $295 million annual recurring revenue (ARR) at a $12 billion valuation; up from just $57 million ARR at the end of 2021.

A majority of HR teams reportedly use up to 16 different tools for international team management, creating data silos, tech consolidation concerns, and inconsistent team experiences. Deel has streamlined everything needed to hire, manage, and pay global teams in one platform. New functionality includes:

• Deel HR – The global-first Human Resources Information System (HRIS) with everything needed to compliantly manage an entire global workforce – from direct employees, to international contractors, to EOR employees. Deel HR will be free for businesses with fewer than 200 people, roughly a $20k savings for companies.
• US Payroll – This marks the expansion of Deel’s global payroll offering with its first in-house payroll engine, starting in the US. It will never be simpler to handle payroll for global teams, all in one platform.
• Deel Engage – A set of HR Slack plug-ins connected to Deel HR to help distributed teams build a stronger culture, increase team collaboration, manage time off requests, 1-on-1s, candidate referrals, and more.

Camilla Giesecke - Chief Operating and Expansion Officer at Klarna - said, “We are excited to announce Deel as Klarna’s global partner for talent onboarding and payroll management.”

“Our venture investing philosophy at Emerson Collective is to accelerate the growth of consequential companies helping people live to their full potential, which we believe includes providing access to high-quality work opportunities,” Sarah Pinto -  Partner at Emerson Collective - said. “Deel’s products help fulfil that mission by unlocking work opportunities for talented individuals wherever they are in the world. We have been impressed with the breadth of the team’s vision and the velocity of their execution.”

“We’ve disrupted global hiring, and now we plan to disrupt the whole HR industry,” Alex Bouaziz - co-founder and CEO of Deel said. “Products that radically simplify HR get us closer to our goal of helping millions of people get to work for the best companies in the world.”

Source: Business Wire

(Link and quotes via original reporting)