CloudPay, an Andover, Hampshire, UK-based provider of global pay solutions, raised a new $50 million round of capital.
The round was led by Runway Growth Capital and The Olayan Group.
The company intends to use the funds to continue to advance its end-to-end enterprise global pay offering, meeting the need for integrated payroll and payments services as well as employee solutions that fit the modern world of work.
Earlier this year a new partnership with Visa Direct was announced, enabling fast, secure salary payments to any debit or credit card, and taking days off the traditional payroll payments process.
Led by CEO Paul Bartlett, CloudPay connects all employee pay processes – including payroll, payments, and on-demand pay – through a unified platform available across 130+ countries, and 168 currencies. Its experts help global companies implement best practices, navigate change, optimize operations, and improve employee experiences, guiding them with vision and care toward the comprehensive pay experience employees deserve.
FinSMEs
27/10/2022