Deel, a global payroll and compliance space platform, has announced that it had joined forces with Zeitgold to fuel international growth and enhance the depth and breadth of its product offerings. This acquisition marks a significant milestone for Deel as the company continues to scale, adding thousands of customers as working and hiring practices continue to transform rapidly, a statement said.
In April 2021, Deel raised $156 million in Series C funding at a $1.25 billion valuation. With their new funding, Deel announced plans to continue international expansion, grow its team through mergers & acquisitions, hire talent globally, all while improving, building, and expanding its product offerings.
“With the addition of Zeitgold, we’ll accelerate even faster and reinforce our European leadership,” said Deel CEO Alex Bouaziz. “We’re taking Zeitgold’s best-in-class engine and plugging it into the core of our platform to help Deel supercharge its product offerings.”
“By joining forces with Deel, we can leverage our core technology and products at a global scale,” said Zeitgold CEO Jan Deepen. “The new capabilities we’re bringing to Deel will allow contractors and employees all over the world to stay compliant and take care of their payroll with confidence, all while continuing to help reduce hiring barriers worldwide.”
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.