Papaya Global valuation surges to $3.7 billion on back of $250 million Series D

The new investment brings Papaya’s total funding to $440 million, with the companys valuation increasing by 10x since September 2020. Papaya Global was founded in 2016 by Eynat Guez (CEO), Ruben Drong (CPO), and Ofer Herman (CTO). It started out operating on a bootstrap modal, relying largely on Guez’s experience from running RelocationSource, a leading company in the executive relocation sector. Papaya’s SaaS software unifies all workforce management tasks under one platform – from onboarding through payroll and payments – in over 140 countries. "With companies switching to remote work and compliance becoming increasingly complex, we are seeing substantial demand for Papaya’s solution, even in a challenging business environment,” added Guez.