September 05, 2023
Deel, a world employer-of-record platform, made a proposal to amass fellow EOR platform Papaya World, in response to media experiences. A supply near Deel additionally confirmed to Staffing Business Analysts that a proposal was made.
Deel itself declined to remark.
Each Deel and Papaya World are listed within the Unicorns within the Workforce Options Ecosystem report launched final 12 months by SIA; it counted 72 unicorns within the workforce options area. Unicorns are corporations with valuations of greater than $1 billion. Deel had a $12 billion valuation, whereas Papaya World had a $3.7 billion valuation.
In keeping with Deel’s web site, the corporate helps 15,000 companies and is on the market in 150 international locations. Buyers embrace Emilie Choi, president and COO at Coinbase, and Dara Khosrowshahi, CEO of Uber.
