HR/Payroll

Last week’s 32 FinTech rounds highlight how Latin America is exploding with new activity, how open banking has nudged closer to being fully adopted across Europe and the rising popularity of teen-focused ventures.

Paid, a digital procurement platform, has reportedly secured £2.2m in its seed funding round, which was led by Crane Venture Partners.

French FinTech PayFit has been busy since raising €70m in 2019, which is evident by its latest release.

CloudPay is partnering with Indian enterprise software maker Ramco Systems to bring cloud-based payroll systems to more multinational organisations.

Cloud-based financial operations management platform Bill.com has acquired spend management unicorn Divvy in a $2.5bn deal.

France-based PayFit, the digital payroll provider, has launched in the UK on the back of its latest funding round in June.

Nava Benefits, a modern benefits brokerage on a mission to bring affordable healthcare and insurance to all Americans, has raised $40m in Series B funding.

Navisteps, an expense and travel management platform, has bagged $1m in its pre-seed funding round to support growth into new markets in Asia.

Workers’ comp and payroll solution Hourly.io has closed its Series A on $27m, which will help it expand outside of California.

Rippling, a management dashboard for HR and payroll, has collected a sizeable $145m in its Series B round, which was led by Founders Fund.