Papaya to acquire Azimo to boost its payroll capabilities

Papaya Global, the global people management platform for the remote working era, has agreed to acquire Azimo, global digital cross-border payments service.

Papaya’s automated, cloud-based SaaS platform provides an end-to-end solution, from onboarding to on-going management and cross-border payments.

The acquisition will further bolster Papaya’s payroll capabilities with new multiple payment licenses, access to a global digital payment network, and new options for existing Papaya customers and employees to make fast payments to global teams.

Eynat Guez, Papaya Global CEO and co-founder, said, ?Payroll payments made easy regardless of geography are what set us apart from other technology vendors, and this acquisition will make it possible for companies to make instant payments to their global teams.

?Azimo’s global digital payment network, multiple payment licences, and deep FinTech expertise will also enable us to build new payroll-related services for our business customers and their employees.p>

The acquisition is subject to standard closing conditions, including regulatory approval.? The two companies will continue to operate independently until closing. All Azimo employees will join Papaya.

Copyright ? 2022 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.