Company Overview
Snapshot
Founded in November 2018 by Alex Bouaziz, DEEL operates with over 6,000 employees. The company has raised $979 million across 8 funding rounds from 15 investors. In October 2025, DEEL secured a Series E round, led by Ribbit Capital, which valued the company at $17.3 billion.
Business overview
DEEL provides a platform that simplifies compliance and payments for companies hiring contractors globally. Its core technology facilitates onboarding, localized contracts, rights of work document requests, and tax form and invoice generation. The company aims to offer a reliable and seamless payment experience across various methods and currencies, serving the Fintech & Insurtech sector, particularly focusing on financial operations software for enterprises and software development teams.
Strategic signal
In February 2026, DEEL launched "The Pitch," a global startup competition with an investment pool of over $15 million, aiming to identify and invest in Seed-stage founders worldwide. This initiative signals DEEL's strategic move to foster innovation within the startup ecosystem and expand its influence beyond its core HR and payroll services, potentially creating new partnerships and market opportunities.
Log in to access full profile ›Company Intelligence Q&A
- What was DEEL's most recent funding round?
- In October 2025, DEEL completed a Series E funding round, led by Ribbit Capital, with participation from Coatue. This round valued the company at $17.3 billion.
- What is DEEL's strategy for engaging with the startup ecosystem?
- In February 2026, DEEL launched "The Pitch," a global startup competition offering over $15 million in funding to Seed-stage founders. This initiative aims to provide startups with direct access to investors and market attention.
- What was a significant acquisition made by DEEL in 2024?
- In March 2024, DEEL acquired Africa-based payroll and HR software company PaySpace. This acquisition was part of DEEL's strategy to strengthen its footprint in Africa and expand its global payroll capabilities.
- What is DEEL's current valuation and revenue status?
- In October 2025, DEEL was valued at $17.3 billion. The company reported an annual revenue run rate of $1 billion as of Q1 2025 and has been profitable since late 2023.
- What is DEEL's approach to IPO readiness?
- In November 2025, DEEL appointed Joe Kauffman as its new CFO, succeeding Philippe Bouaziz, in preparation for a potential IPO. The company has been focusing on growth and expanding its leadership team, with IPO plans contingent on market conditions.