CloudPay

company

About

CloudPay provides global payroll, treasury, and on-demand pay solutions to multinational organizations.

Details

Last Funding Type
Series C
Last Funding Money Raised
$25M
Industries
Big Data,Cloud Infrastructure,Financial Services,FinTech,Human Resources,Information Technology,Payments,SaaS,Technical Support
Founded date
Jan 1, 1996
Number Of Employee
501 - 1000
Operating Status
Active
Legal Name
CloudPay Inc.

CloudPay provides managed global payroll services to multinational organizations through a single, unified SaaS solution. By delivering end-to-end managed payroll services through an innovative platform, CloudPay ensures consistent and compliant payroll around the globe while reducing operating costs and minimizing manual processes. CloudPay’s services and technology standardize the payroll function across geographies, helping organizations increase efficiency, streamline compliance, and achieve greater visibility into payroll performance and costs. The CloudPay solution is backed by deep industry expertise earned over twenty-plus years of delivering services to over 2,500 multinational entities. CloudPay’s solution guarantees accurate payroll processing across 130+ countries in more than twenty-five languages.

Positioned as a Leader in NelsonHall’s 2019 Payroll Outsourcing NEAT assessment and as an Achiever in Everest Group’s 2019 Multi-Country Payroll Platform report, CloudPay has won multiple awards for its technology and service, including Global Payroll Transformation Project of the Year Award (2017), Payroll Software Product of the Year (2018) and the prestigious Global Payroll Supplier of the Year (2019). To learn more, visit www.cloudpay.net.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
9
$255.45M
CloudPay has raised a total of $255.45M in funding over 2 rounds. Their latest funding was raised on Oct 27, 2022 from a Series Unknown round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Oct 27, 2022 Series Unknown $50M 2 Runway Growth Capital
The Olayan Group
Detail
Aug 18, 2021 Series Unknown $58M 3 The Olayan Group Detail
Aug 4, 2020 Series D $35M 1 Runway Growth Capital Detail
Jan 1, 2020 Debt Financing $30M Detail
May 3, 2018 Series C $25M 3 Rho Ventures Detail

Investors

Number of Lead Investors
Number of Investors
7
7
CloudPay is funded by 7 investors. Runway Growth Capital and The Olayan Group are the most recent investors.
Investor Name Lead Investor Funding Round
Runway Growth Capital Yes Series Unknown
The Olayan Group Yes Series Unknown
Rho Ventures Yes Series C
Pinnacle Investment Series Unknown
Rho Capital Partners Series Unknown
Hercules Capital Series C
Pinnacle Ventures Series C

Employee Profiles

Number of Employee Profiles
8
CloudPay has 8 current employee profiles, including Employee Vicky Bindra
Employee
Board member
Executive
Executive
Executive