# Papaya Global

Papaya Global is an Asset Manager based in New York, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 2016
- **Assets under management:** Undisclosed
- **Website:** papayaglobal.com
- **LinkedIn:** https://www.linkedin.com/company/papaya-global

## Regulatory record

- **Reports private funds:** No

## About

Papaya Global delivers enterprise-grade global payroll and payments for every worker – employee or contingent – with the power to centralize global workforce operations with full compliance and visibility.

## Sectors

- FinTech
- Enterprise Software
- HR Tech

## Offices

- London
- Tel Aviv
- Amsterdam
- Singapore
- Melbourne
- Krakow

## People

- Eynat Guez — Co-Founder, CEO
- Ruben Drong — Co-Founder
- Ofer Herman — Co-Founder

## Questions

### How does Papaya Global generate revenue, and who is its core client base?

Papaya sells a SaaS subscription for its global payroll and workforce management platform, layered with transaction-based fees for cross-border payments and foreign exchange executed through its licensed Azimo rail. The firm targets multinational enterprises with complex, multi-jurisdictional headcounts, including clients such as CyberArk, Within3, and Cato Networks that use Papaya to unify finance, HR, and treasury operations.

### Is Papaya Global an employer of record (EOR) provider, a payroll processor, or a fintech payments company?

Papaya operates as all three. The platform supports EOR and AOR services for onboarding and compliance in over 160 countries, automates payroll calculations and tax filings, and processes actual money movement through its own licensed payment entity. This bundled model allows enterprises to manage employees, contingent workers, contractors, and vendors in a single workflow without switching between separate HR, payroll, and banking tools.

### What is Azimo, and why did Papaya Global acquire it?

Azimo is a UK-founded money transfer company that held payment licenses in multiple jurisdictions. Papaya acquired it in 2022 to become the first SaaS payroll platform with an integrated, self-owned licensed payments engine. The acquisition enabled Papaya to offer faster, cheaper cross-border wage transfers by eliminating the banking intermediaries that typical payroll companies rely on for money movement.

### Who are Papaya Global's largest investors?

The firm's cap table includes Insight Partners, Tiger Global, Bessemer Venture Partners, Scale Venture Partners, Workday Ventures, Access Industries, Alkeon Capital, IVP, Greenoaks, New Era Capital Partners, and Dynamic Loop Capital. The Series D round, led by Tiger Global and Insight Partners, brought total funding above $450 million at a $3.7 billion valuation (per the firm).

### How does Papaya Global integrate with existing enterprise systems like HRIS or ERP platforms?

Papaya is a certified partner of Workday, Oracle, and NetSuite. The platform offers API-based integrations that pull employee records, cost-center hierarchies, and general-ledger data from these systems, then push processed payroll journals back for accounting close. The integration layer aims to reduce duplicate data entry and reconciliation latency for finance teams that already operate within those enterprise ecosystems.

### What does Papaya Global's "Workforce OS" term actually describe?

Workforce OS is Papaya's branding for the unified platform that combines payroll processing, compliance (EOR/AOR), contractor management, and licensed payments into a single interface. Practically, it means a multinational's finance team can hire someone in Germany, classify a contractor in Brazil, run payroll in Japan, and settle the corresponding payments through one system that executes and records every step.

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Last updated: 2026-06-03T20:00:00.000Z

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