Israeli payroll administration startup triples valuation after $250m expenditure

Papaya Global, a Tel Aviv-primarily based world wide payroll and payment administration system, raised $250 million in a fresh funding round — its third in less than a year — sending its valuation soaring to $3.7 billion, the firm introduced on Saturday.

Papaya last elevated $100 million in March at a valuation of in excess of $1 billion, subsequent a $40 million expense previous October. The corporation attributes its quick progress to the enhanced adoption of distant work and worldwide using the services of methods pushed by the COVID-19 pandemic.

The company’s current Collection D round was led by New

Read more