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A fintech moving the frontiers of international work

Nick Quaz by Nick Quaz
August 13, 2020
in Economy
0
A fintech moving the frontiers of international work


The crisis has created a startup company drawing on the innovations in the fintech to simplify the work abroad.

Une fintech bouge les frontières du travail à l’international

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© Deel

Deel has just experienced an upheaval. The arrival of the colossus of Silicon Valley, the investor Andreessen Horowitz, is expected to accelerate the development of startup operating in the world of work and fintech. Already more than 400 firms have made use of his services, which have nothing to simplify a growing need to present : collaboration with the independent workers abroad.

The platform established by Deel offers precisely show the relationship of these workers with the companies to simplify their administrative tasks. The customers can pay their workers directly from the app, and in more than 100 currencies across the world.

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A fintech booming

The growth of Deel is impressive. Our colleagues from les Echos report that the number of clients increases by 40 % every month. Since the health crisis and the acceleration of telework, the startup claims to have a growth of 200 %, an impressive result while most of the companies have instead sought to limit the damage. This year, the fintech increased its revenue by 600 %.

It must be said that the popularity of the platform in recent times has helped him to organize for his future. On 13 August, she has just announced its deployment for the european firms, after having convinced the startup WeTransfer to join its ranks.

His new client was well placed to explain the relevance of the platform Deel : ” due to the temporary freeze of immigration services in different countries, we were looking for a solution to continue to hire strong foreign talent “, stated the director of human resources at WeTransfer Emma Korhonen.

Thing success. Moreover, during the first round of funding the startup, Series A, $ 14 million will have been fully raised to a distance. The sign of success intrinsic to the overcoming of borders.

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