Papaya Global in talks for sale at $3.5-$4.5 billion valuation
Exclusive: Israeli payroll and HR-tech unicorn draws interest from private equity and software giants.
Papaya Global is in advanced negotiations to be acquired at an estimated valuation of between $3.5 billion and $4.5 billion, Calcalist has learned. According to industry estimates, the company is in talks with several international parties, including a private equity fund and large enterprise software companies such as SAP and Oracle.
Papaya Global was founded by Eynat Guez, who serves as CEO. A serial entrepreneur in the fields of relocation and payroll, Guez is widely regarded as the first woman in Israel to found and lead a company that reached unicorn status.
The company’s senior management team also includes Ruben Drong, Chief Product Officer, and Ofer Herman, Chief Technology Officer.
To date, Papaya Global has raised approximately $440-445 million in total funding. Its most significant financing round was a $250 million Series D completed in September 2021. Prominent investors include Insight Partners, Tiger Global, and Bessemer Venture Partners, among others.
Papaya Global operates at the intersection of financial technology and HR technology, focusing on global payroll and payments for companies employing workers across multiple countries.
The company has developed a cloud-based software-as-a-service (SaaS) platform designed to consolidate all aspects of workforce employment into a single system. Its services include global payroll management, employer-of-record (EOR) services, contractor and freelancer management, payments infrastructure and digital wallets, as well as regulatory compliance and business intelligence tools.
