Employer of Record (EOR) Services

Tel Aviv, Israel

Papaya Global is a global payroll and workforce management platform that combines employer-of-record services with proprietary payments infrastructure. Founded by Eynat Guez (CEO), Ruben Drong, and Ofer Herman in Tel Aviv, Israel, Papaya operates a licensed payments platform that processes payroll directly through its own payment rails rather than relying on banks. The company holds money transmitter licences in 50 US states and equivalent licenses in 12+ countries. Papaya Global serves 1,400+ customers across 160+ countries with automated payroll, EOR, contractor payments, and analytics. The company raised $400 million in total funding at a $3.7 billion valuation from investors including Tiger Global, Insight Partners, and GGV Capital.

Denver, United States

Velocity Global is an international employment platform that provides employer-of-record services, contractor management, and immigration support in 185+ countries. Founded by Ben Wright (CEO) in Denver, Colorado, the company is one of the earliest entrants in the modern EOR category and predates both Deel and Remote. Velocity Global manages over 4,700 active employees on behalf of hundreds of companies, with particular strength in complex markets including APAC, EMEA, and Latin America. The company has raised approximately $400 million in total funding from investors including Eldridge, Norwest Venture Partners, and FTV Capital. Velocity Global acquired Shield GEO and iWorkGlobal.

San Francisco, United States

Deel is the largest global HR and payroll platform, enabling companies to hire full-time employees and contractors in 150+ countries without establishing local entities. Founded by Alex Bouaziz (CEO) and Shuo Wang as part of Y Combinator's Winter batch, Deel is headquartered in San Francisco and operates 250 owned legal entities across 100+ countries. The platform handles employer-of-record hiring, contractor management, global payroll, benefits, equity administration, visa and immigration, and IT provisioning. Deel reached $1.4 billion in annual revenue by February, processes over $20 billion in global payroll annually, and serves 40,000+ customers including Anthropic, Canva, Shopify, Nike, and LinkedIn. The company raised $986 million in total funding at a $17.3 billion valuation.

London, United Kingdom

Oyster HR is a global employment platform that enables companies to hire, pay, and manage distributed teams across 180+ countries. Founded by Tony Jamous (CEO), a former Nexmo founder, and Jack Mardack in London, Oyster provides employer-of-record services, global payroll, benefits administration, and equity management through a platform designed for mid-market companies scaling their first international hires. Oyster differentiates through its Total Rewards offering, which includes locally competitive benefits packages benchmarked against regional norms. The company has raised $224 million in total funding from investors including Alphabet (Google), Georgian, LinkedIn, Salesforce Ventures, and Endeavor Catalyst. Oyster is a certified B Corporation.