HR/Payroll

Mendel, a Mexico-based B2B corporate spend management company, has raised $60m in equity and debt financing.

Voya Financial, a health, wealth and investment company, is to acquire Benefitfocus, a cloud-based benefits administration technology company that serves employers, health plans and brokers.

Broadstone, an independent pensions, employee benefits, and investments consultancy, has partnered with SaaS platform Workstars.

Pasito, an employee benefits tech startup, has raised $3.25m in seed funding to simplify health and wealth benefits.

All Gravy, which helps bolster their employee happiness, has closed its seed round on €3,2m.

CloudPay, global payment solution provider, has raised $50m in funding and reports strong demand for cloud-based integrated global payroll and payment services.

Total revenue generated by travel and expense (T&E) management is expected to reach $16bn by 2027, rising from $8.7bn in 2022.

Ualett, which offers an online cash advance app to the gig economy, has secured a $50m credit line, through a new partnership with Thiele Capital Management.

Workstream, a mobile-first hiring and onboarding platform for the deskless workforce, has extended its Series B round with an additional close of $60m, bring the total raised in the round to $108m.

Remofirst, a company which provides services to help companies build remote teams, has raised $14.1m in seed funding.