
Papaya Global
Founded Year
2016Stage
Series D | AliveTotal Raised
$439.51MValuation
$0000Last Raised
$250M | 4 yrs agoRevenue
$0000Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-31 points in the past 30 days
About Papaya Global
Papaya Global operates within the financial technology and human resources sectors, focusing on global payroll and payments. The company provides a platform for managing payroll and payments for businesses with a global workforce, addressing compliance. It serves industries that require cross-border payment solutions and workforce management, including maritime, oil and gas, iGaming, staffing firms, freelancer marketplaces, multinational corporations, and accounting firms. It was founded in 2016 and is based in New York, New York.
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Papaya Global's Product Videos
ESPs containing Papaya Global
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The global workforce management market enables companies to hire, pay, and manage employees across international borders without establishing local entities. These platforms provide employer of record (EOR) services, global payroll processing, compliance management, and workforce administration tools. Core solutions include automated onboarding, multi-currency payroll, benefits administration, con…
Papaya Global named as Outperformer among 15 other companies, including Workday, Deel, and ADP.
Papaya Global's Products & Differentiators
Papaya Onboarding
Automated onboarding experience. Frictionless for all employment models (Payroll, EOR, Contractors),Consolidate all workers onto one streamlined platform, capturing a system of record that enables payroll impact.
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Research containing Papaya Global
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Papaya Global in 2 CB Insights research briefs, most recently on Jan 3, 2024.
Expert Collections containing Papaya Global
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Papaya Global is included in 5 Expert Collections, including HR Tech.
HR Tech
6,260 items
The HR tech collection includes software vendors that enable companies to develop, hire, manage, and pay their workforces. Focus areas include benefits, compensation, engagement, EORs & PEOs, HRIS & HRMS, learning & development, payroll, talent acquisition, and talent management.
Unicorns- Billion Dollar Startups
1,309 items
Payments
3,277 items
Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.
Fintech
9,809 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Fintech 100
749 items
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Papaya Global Patents
Papaya Global has filed 3 patents.
The 3 most popular patent topics include:
- air traffic control
- artificial neural networks
- avionics

Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
6/6/2023 | 12/17/2024 | Tires, Textile closures, Parts of clothing, Tire manufacturers, Vehicle technology | Grant |
Application Date | 6/6/2023 |
|---|---|
Grant Date | 12/17/2024 |
Title | |
Related Topics | Tires, Textile closures, Parts of clothing, Tire manufacturers, Vehicle technology |
Status | Grant |
Latest Papaya Global News
Nov 7, 2025
Copied Overview Crypto payroll services allow instant, borderless, and transparent payments without banking delays and exorbitant transfer fees. While Velocity Global and Papaya Global address enterprise compliance, PaymentX and OnTop can take care of startups and freelancers. By 2025, blockchain-powered payroll will be mainstream, offering businesses flexibility, cost-efficiency, and global accessibility. Crypto has transformed from being a speculative asset into a financial powerhouse, driving the next generation of payroll globally. As remote work and decentralized businesses surge, crypto payroll services are changing how companies pay employees and contractors across borders. The best platforms allow instant, secure, and transparent salary payments in various cryptocurrencies, such as Bitcoin, Ethereum, and stablecoins, without the need for traditional banks or difficulties with foreign exchange. The crypto payroll services remove the friction of wire transfers and give financial autonomy to employees by settling payments directly on the blockchain. Let’s take a look at the top crypto payroll platforms that are redefining how modern teams get paid. Velocity Global Velocity Global has stayed atop the global payroll market, offering Employer of Record services in more than 185 countries, now with support for crypto payments. Its crypto payroll features might not be the business's core, but it is perfect for large enterprises. Velocity Global provides payments via Bitcoin, Ethereum, or USDC on its system, which is built for adherence to tax and auditing standards around the globe. Velocity Global integrates with major and offers dedicated account management, helping them run seamlessly across borders. Though its premium pricing at $599 per employee per month might easily deter startups, this remains the go-to choice for many large multinational corporations that require very airtight compliance and legal reliability. Papaya Global Papaya Global is more regulation-first, integrally combining traditional payroll with very limited crypto functionality. Supporting BTC and payouts to 25 countries, Papaya makes sure each transaction is heavily vetted through KYC and audit review. Crypto payouts have more than 15 steps of approval, making it a favorite for highly regulated industries such a healthcare and finance. Although the processing may take up to five business days, the transparency and tracking of compliance make Papaya ideal for businesses in which accountability outweighs speed. Its strong reporting and audit trails further cement it as one of the most reliable crypto payroll platforms for 2025. Also Read: Remote.com Remote.com has built its reputation as a full-fledged HR and payroll suite that also supports crypto payments in over 20 countries. This is a platform that allows companies to pay in Bitcoin, Ethereum, or USDC while handling benefits, tax compliance, and time tracking in one place. It is particularly valuable for organizations managing distributed teams that prefer an all-in-one HR ecosystem with optional crypto flexibility. Payments are processed in two to three days, with a 2% conversion fee. Its structure and stability make it appealing to global teams needing a balance between traditional payroll needs and with employee engagement, bringing startups a dynamic and human approach. It supports traditional and fiat payroll options and the ability to pay salaries in Bitcoin and stablecoins. It allows businesses to handle performance reviews, recognition programs, and HR workflows on one dashboard. OnTop is designed for small teams and early-stage ventures. The strength of OnTop lies in combining compensation with culture. This is an efficient way for startups to reward global teams flexibly, all while maintaining organizational alignment. Which One Should You Choose? Velocity Global or Papaya Global would be your best bets in the realm of enterprise-grade compliance. In contrast, Remote.com does a great job in providing a balance between HR integration and 1. What is a crypto payroll service? A crypto payroll service provides businesses with a way to pay employees or freelancers using digital currencies, such as Bitcoin, Ethereum, or stablecoins. Terms of service and platforms automate the payment of salaries using blockchain, meaning employees are paid faster, at lower transaction costs, facilitating transparency relative to traditional wire transfer channels. 2. Why are businesses using crypto payroll in 2025? Employers are using crypto payroll because it facilitates quick and easy payments, reduces currency conversion fees for employees or freelancers, and enables employee financial freedom. Utilizing crypto payroll is particularly advantageous for remote teams, especially those located in different countries, as it minimizes delays in payment and fosters transparency and trust through blockchain. 3. Is it legal to pay employees in cryptocurrency? Yes, it is generally legal to pay employees in cryptocurrency. However, local tax laws and reporting should always be followed. However, many jurisdictions(i.e., countries) recognize crypto wages as taxable income. Other platforms, such as Velocity Global and Papaya Global, guarantee compliance for employers paying employees in a different jurisdiction. 4. Which crypto payroll platform is best for startups? For startups, OnTop and PaymentX may be good options given pricing and ease of use. With OnTop and PaymentX, small teams can pay international employees or freelancers quickly in Bitcoin or stablecoins, without complex integrations or regulatory issues. 5. How safe are crypto payroll transactions? Crypto payroll systems protect funds using blockchain encryption, smart contracts, and authentication protocols. All transactions are recorded on-chain, which is transparent, tamper-proof, and traceable, providing both security and accountability.
Papaya Global Frequently Asked Questions (FAQ)
When was Papaya Global founded?
Papaya Global was founded in 2016.
Where is Papaya Global's headquarters?
Papaya Global's headquarters is located at 200 West 41st Street, New York.
What is Papaya Global's latest funding round?
Papaya Global's latest funding round is Series D.
How much did Papaya Global raise?
Papaya Global raised a total of $439.51M.
Who are the investors of Papaya Global?
Investors of Papaya Global include Insight Partners, Bessemer Venture Partners, Group 11, Workday Ventures, Scale Venture Partners and 21 more.
Who are Papaya Global's competitors?
Competitors of Papaya Global include Deel, iiPay, Native Teams, Paycor, Factorial and 7 more.
What products does Papaya Global offer?
Papaya Global's products include Papaya Onboarding and 4 more.
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Compare Papaya Global to Competitors

Remote offers a global human resources (HR) platform that provides international employment services and payroll solutions. It offers services for hiring, managing, and compensating employees and contractors worldwide, focusing on compliance and efficiency. It serves businesses that want to expand their operations internationally without establishing local entities. It was founded in 2019 and is based in Amsterdam, Netherlands.

Deel specializes in global payroll and human resource (HR) solutions for businesses. The company offers services that assist with onboarding, compliance, and team management, including payroll processing, contractor management, human resources information system (HRIS) integration, and immigration support. It serves sectors that require international workforce management, such as technology, finance, and professional services. Deel was formerly known as Lifeslice. It was founded in 2019 and is based in San Francisco, California.

Multiplier provides a workforce management platform. It offers payroll, employment, consulting, human resources, hiring, and other professional services. It also provides services for taxes, social contributions, and local insurance policies. The company was founded in 2020 and is based in Singapore.

Niural is a financial technology company that operates within the human resources and payroll sector. The company provides a platform that automates payroll and compliance processes, manages international workforces, and facilitates contractor payments. It was founded in 2022 and is based in Lewes, Delaware.

Globalization Partners provides global employment solutions within the human resources and legal compliance sectors. The company offers services including employer of record (EOR) solutions, global payroll processing, and contractor management for international hiring and team management. Globalization Partners serves startups, mid-market companies, and enterprises. It was founded in 2012 and is based in Boston, Massachusetts.

RemotePass specializes in global human resource (HR) solutions, focusing on hiring, onboarding, and payroll services for remote teams. The company provides a platform for businesses to manage international employment compliance, automate onboarding processes, and handle multi-currency payroll. RemotePass primarily serves companies looking to streamline their HR operations for remote and international teams. It was founded in 2018 and is based in Boston, Massachusetts.
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