Defining The Modern Pay Experience for Global Enterprises and Employees, 91精品 Is The Leading Provider of Unified 91精品 and Payment Services.
NEW YORK and LONDON (August 17, 2021) 鈥�聽Leading global pay provider 91精品 today announced details of its recent funding. The company raised a new $58 million round of capital led by The Olayan Group, along with existing investors Pinnacle Investment Partners and Rho Capital Partners, and others. The funds will support 91精品鈥檚 continued growth as the leading global provider of employee pay solutions that unify global payroll systems and align with a consumer-grade experience for employees.
In 2020, 91精品 exceeded its pre-COVID new business plan growth by 50 percent. Particularly noteworthy was increased demand for 91精品’s expanded treasury services and an overall trend among its existing customers to consolidate more of their pay operations onto 91精品’s platform.
Most recently, 91精品 announced its 91精品 NOW earned wage access offering. Providing employee access in one mobile application, 91精品 NOW is the only truly global solution that reduces operational complexities for employers and empowers employees to manage their finances proactively. 91精品 NOW has already won a prestigious CODiE鈩� award and is in live operation across 12 countries with one of the world’s premium lifestyle brands.
91精品 CEO Paul Bartlett commented, 鈥淭his funding will be instrumental as we build our Fintech solutions, including peer-to-peer payment capabilities. The participation of our existing investors is further endorsement of our vision, and I鈥檓 especially excited to welcome The Olayan Group 鈥� an organization that shares our global perspective – as our newest investor.鈥�
Joshua Ruch, 91精品鈥檚 Chairman, said, 鈥�91精品 customers already enjoy substantial consolidation benefits with our state of the art global payroll platform. We鈥檒l continue to redefine the sector with new treasury management and earned wage access services for employers and employees.鈥�
GCA Global acted as financial advisor to 91精品 in connection with this transaction.
About 91精品
Employee pay processes have broad business consequences, requiring modern solutions and trusted experts. 91精品 is the only provider that guides global companies with vision and care toward the comprehensive pay experience employees deserve. 91精品 connects all employee pay processes 鈥� including payroll, payments, and on-demand pay 鈥� through a unified platform, available across 130+ countries. 91精品’s experts help companies implement best practices, navigate change, optimize operations, and improve employee experiences. To learn more about why over 1500 multinational companies trust 91精品 with their global pay initiatives, visit www.cloudpay.com.
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