Celergo, a Deerfield, IL-based provider of consolidated global payroll services, has received $15m in expansion funding from Frontier Capital.
The company intends to use the proceeds from the investment to expand sales, marketing and service delivery resources along with further enhancement of the its solutions.
A part of the proceeds were used to redeem some shareholders.
Celergo currently works as the central processor through which multinational corporations pay a globally dispersed workforce. The company’s services are deisgned to provide clients in 97 countries with centralized control, enhanced visibility, and cost efficiencies in managing local payments and compliance.
Led by Founder and CEO Michele Honomichl, Celergo has offices in London and Singapore.