Company Research Report: Deel
Company Overview
Name: Deel
Mission: Deel aims to create a new world of work by simplifying the complexities of managing a global team, enabling businesses of all sizes to hire and operate without border restrictions.
Founded: 2019
Founders:
- Alex Bouaziz
- Shuo Wang
Key People in the Company:
- Alex Bouaziz: CEO & Co-Founder
- Shuo Wang: CRO & Co-Founder
Headquarters: No specific information on exact headquarters location.
Number of Employees: 2000+ team members worldwide in over 100 different countries.
Revenue: No information available.
What Deel is Known For:
- Deel is known for its Global People Platform that simplifies onboarding, payroll, and compliance for companies with remote and international teams.
Products
1. Deel Global Payroll
- Description: A comprehensive payroll solution that allows businesses to manage payroll for their global workforce from a single platform.
- Key Features:
- Self-serve platform
- Full compliance in 150 countries
- Consolidated payroll for all worker types
2. Deel US Payroll
- Description: Payroll management tailored for U.S.-based employees.
- Key Features:
- Compliance with U.S. regulations
- Integrated with Deel’s global platform
3. Deel Contractor Management
- Description: Manages the entire lifecycle of working with contractors, including onboarding and payments.
- Key Features:
- Compliant onboarding
- Automated invoicing
- Global payment options
4. Deel EOR (Employer of Record)
- Description: Enables companies to hire full-time employees in other countries without having to set up a local entity.
- Key Features:
- Legal employer in the foreign country
- Compliance with local labor laws
- Benefits and payroll administration
5. Equity Management
- Description: Provides compliant equity offering solutions in over 110 countries.
- Key Features:
- Simplified tax reporting
- Integrated with total compensation reports
6. Deel HR
- Description: A global HR Information System (HRIS) to manage all employee data in one place.
- Key Features:
- Localized HR operations
- Automated compliance with local labor laws
7. Deel Engage
- Description: AI-powered tool for managing goals, performance, and learning development.
- Key Features:
- Performance management
- Learning and development insights
- Team satisfaction metrics
8. Deel Immigration
- Description: Expert assistance for obtaining visas and relocating employees globally.
- Key Features:
- Immigration support
- Visa applications management
- Retention of top talent
9. Deel Compliance Hub
- Description: A centralized platform for accessing global compliance updates and risk alerts.
- Key Features:
- Latest regulatory updates
- Risk warnings
- Worker classification guidance
Recent Developments
What are the recent developments in the company?
- Expansion: Deel has grown rapidly to support more than 35,000 businesses and 500,000 workers globally.
- Funding: Deel has raised over $600 million in funding from leading investors including Emilie Choi, Dara Khosrowshahi, and Tobias Lütke.
What are the new products launched?
- Deel Engage and other AI-driven tools: Recently introduced to manage performance, learning, and development.
- Expanded Equity Management capabilities: Now able to offer equity in 110+ countries.
What are the new features added to the existing products?
- Compliance Hub: Introduction of Continuous Compliance™ with real-time updates and actionable alerts.
- Expanded Global Payroll capabilities: Enhanced features to support payroll in 150 countries compliantly.
Any new partnerships?
- No specific partnerships were mentioned.
This report provides a comprehensive overview of Deel, its products, growth, and recent developments strictly based on the available information provided.
