CloudPay: Raises $35M in Growth Capital
- CloudPay, NYC and London, UK-based global payroll provider, raised $35m in growth capital
- New investor Runway Growth Capital joined existing investors Rho Ventures and Pinnacle Investment Partners
- Then the company intends to use the funds to scale the business and bring new products to market
- CloudPay also provides managed global payroll services to multinational organizations through a single, unified cloud solution
- It processes payroll in line with often complex local and country-specific requirements, eliminating error-prone manual processes and ensuring timely payments
- CloudPay’s solution guarantees accurate payroll processing across 130+ countries in more than twenty-five languages
