The global payroll space is heating up as startups compete to help companies manage payroll for distributed workforces. This week, Deel announced acquiring African payroll firm PaySpace and crossing $500 million in annual recurring revenue. Remofirst raised $25 million to take on Deel and Rippling. UAE’s RemotePass raised $5.5 million for its payroll platform. The demand for these services is driven by the rise of remote work and companies employing globally distributed teams. Startups are racing to provide seamless payroll, compliance, and HR solutions across multiple countries and currencies. With significant funding rounds, the global payroll market is becoming increasingly competitive as players vie to simplify international payroll complexities.
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