CloudPay: Raises $50 Million and Reports High Growth as Payroll Evolution Continues
- CloudPay connects all employee pay processes including payroll, payments, and on-demand pay
- Raised a new $50 million round of capital whilst recording strong growth as demand for cloud-based integrated global payroll
- The funds raised were led by Runway Growth Capital and The Olayan Group
- The new capital will support continued innovation of its end-to-end enterprise global pay offering
- Continues to show high double-digit growth year-on-year and is projecting revenue growth circa
- Earlier this year a new partnership with Visa Direct was announced, enabling fast, secure salary payments
