CloudPay, a NYC-based provider of enterprise global payroll services, raised $25m in funding.
Backers included Rho Ventures, Pinnacle Investment Partners, and Hercules Capital.
The company intends to use the funds to grow its global operations team and further expand the market for its technology platform and services to more multinational companies and smaller multinationals.
Led by Paul Bartlett, CEO, CloudPay provides managed global payroll services to multinational organizations through a unified SaaS solution across 120+ countries in more than twenty-five languages. The platform is used by over 2,400 multinational entities.