Patersons Completes $6.45M Mezzanine Financing Round

Patersons, a global provider of integrated global payroll services, has completed a $6.45m mezzanine financing round.

The round was led by Rho Ventures, with participation from existing investors and the company’s management team.

The company intends to use the funds to accelerate global growth and expand its platform.

Led by CEO Andrew Pearson, Patersons delivers expert solutions to customers in more than 160 countries. Its SaaS-based, multi-currency and multi-lingual CloudPay platform combines a global payroll engine, a payroll provider partner network, workflow, analytics and managed services in a secure and compliant service. This allows its customers in more than 160 countries to consolidate and control their multi-national payroll operations using one platform.

The company is currently hiring (



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