Founded Year

2016

Stage

Series D | Alive

Total Raised

$438.01M

Valuation

$0000 

Last Raised

$250M | 4 yrs ago

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

-79 points in the past 30 days

About Papaya Global

Papaya Global operates within the financial technology and human resources sectors, focusing on global payroll and payments. The company provides a platform for managing payroll and payments for businesses with a global workforce, addressing compliance. Papaya Global serves industries that require cross-border payment solutions and workforce management, including maritime, oil and gas, iGaming, staffing firms, freelancer marketplaces, multinational corporations, and accounting firms. It was founded in 2016 and is based in New York, New York.

Headquarters Location

200 West 41st Street 9 Times Square

New York, New York, 10036,

United States

646-394-9099

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Papaya Global's Product Videos

ESPs containing Papaya Global

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Enterprise Tech / HR Tech

The global payroll market is a space that provides payroll processing and management services to organizations worldwide. It encompasses software solutions, outsourcing services, and consulting firms specializing in payroll functions. The market is driven by the increasing complexity of payroll regulations and the need for organizations to ensure compliance and accuracy in paying their employees. …

Papaya Global named as Outperformer among 15 other companies, including Automatic Data Processing, Deel, and Workday.

Papaya Global's Products & Differentiators

    Papaya Onboarding

    Automated onboarding experience. Frictionless for all employment models (Payroll, EOR, Contractors),Consolidate all workers onto one streamlined platform, capturing a system of record that enables payroll impact.

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Expert Collections containing Papaya Global

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Papaya Global is included in 5 Expert Collections, including HR Tech.

H

HR Tech

5,910 items

The HR tech collection includes software vendors that enable companies to develop, hire, manage, and pay their workforces. Focus areas include benefits, compensation, engagement, EORs & PEOs, HRIS & HRMS, learning & development, payroll, talent acquisition, and talent management.

U

Unicorns- Billion Dollar Startups

1,270 items

P

Payments

3,136 items

Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.

F

Fintech

9,466 items

Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.

F

Fintech 100

749 items

250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.

Papaya Global Patents

Papaya Global has filed 3 patents.

The 3 most popular patent topics include:

  • honeycombs (geometry)
  • house types
  • light machine guns
patents chart

Application Date

Grant Date

Title

Related Topics

Status

6/6/2023

12/17/2024

Tires, Textile closures, Parts of clothing, Tire manufacturers, Vehicle technology

Grant

Application Date

6/6/2023

Grant Date

12/17/2024

Title

Related Topics

Tires, Textile closures, Parts of clothing, Tire manufacturers, Vehicle technology

Status

Grant

Latest Papaya Global News

The affidavit of a Rippling employee caught spying for Deel reads like a movie

Apr 2, 2025

12:20 PM PDT · April 2, 2025 On Wednesday, Rippling publicly released the affidavit of the Rippling employee who testified that he was working as a spy for the HR tech company’s arch rival Deel. And the account, coupled with Rippling’s lawsuit filed against Deel last week, reads like a corporate espionage movie script, complete with a sting operation and a smashed phone. It’s the latest escapade between the two. TechCrunch has documented the most Hollywood-esque parts of the testimony below, but be aware that this is only one side of the story — the side Rippling wants everyone to know, as its PR machine has blasted it out, and CEO Parker Conrad tweet-stormed about it. To recap: Rippling, a workforce management platform, very publicly announced last week that it was suing Deel over this alleged spying, leveling charges ranging from violation of the RICO racketeering act (often used to prosecute members of the Mafia) to misappropriation of trade secrets and unfair competition. But at that time, it didn’t reveal the name of the Rippling employee. That changed on Wednesday, when it released the affidavit signed April 1. Becoming a corporate spy According to this affidavit, Keith O’Brien was hired by Rippling in July 2023 in the global payroll and compliance department in the Dublin office. In early 2024, he interviewed for a job at Deel and didn’t get it, but did, he testified, connect with Deel’s founder over LinkedIn. The employee later started a payroll consulting business, pitched Deel on working with him and eventually told them he planned to quit Rippling to work full time on it. The employee testified that Deel founder CEO Alex Bouaziz and Bouaziz’s father, Philippe Bouaziz, Deel’s CFO, suggested that, instead of quitting, O’Brien spy on Rippling for them. O’Brien testified that they offered to pay him €5,000 per month with the first payment at US$6,000, and later transactions in crypto. O’Brien testified that he conducted searches on Slack, Google Drive, and other Rippling resources for information and communicated to his contacts at Deel via Telecom. He turned over information on sales leads, product roadmaps, customer accounts, names of superstar employees, info on sanctioned countries, and whatever else was asked for, O’Brien testified. The lawsuit alleges that the spying took place for four months and says that in just a single day, he shared information about hundreds of companies that requested a Rippling demo, hundreds of notes about prospects from sales people, and details on Deel customers that Rippling was talking to. Caught by a simple trap O’Brien thought he was carefully wiping evidence, but, he testified, he later discovered some of the screen recordings he had taken with his phone were backed up to his iCloud account unbeknownst to him. In its lawsuit, Rippling says the company set a trap to out the spy by sending a threatening legal letter to Deel’s leadership. The letter said that Rippling employees were talking about information that would embarrass Deel if made public in a Slack channel called “d-defectors.” The Slack channel existed but it was a ruse, the lawsuit said. O’Brien testified that he was instructed to search the d-defectors channel and shortly after he did so, he was told not to — that it may be a trap. (It says something about the relationship between these two companies that Rippling’s lawyer would even send such a letter, even as a ploy, and that it would be believed.) O’Brien was, however, apparently busted by searching that Slack channel. On March 14, when he went into the office, a lawyer confronted him with a court order to search his devices. He testified that he turned over his laptop but hid his phone, escaped to the office bathroom, wiped his phone to factory settings, and pretended to flush it. He later “smashed my old phone with an axe and put it down the drain at my mother- in-law’s house” on advice from people he believed to represent Deel, he testified. The lawyer tried to stop O’Brien from leaving the office, warning that he would be called to testify, but O’Brien left anyway, both the lawsuit and the employee described. O’Brien, now panicked, immediately exchanged messages with Deel’s CEO and others that O’Brien believed to be lawyers for Deel, the affidavit said. One of them even suggested flying O’Brien and his family to Dubai, according to the affidavit, because of the extradition policies there. During ongoing exchanges, these people advised him to make statements to various authorities saying that Rippling was facilitating Russian payments and he was being harassed because he was attempting to be a whistleblower. O’Brien said he initially went along with this idea, but testified: “I knew this was false.” He eventually hired his own lawyer, and shortly after that — after growing anxious and ill over the situation — he opted to cooperate with authorities and “tell the truth,” the affidavit said. Deel did not respond to our request for comment, nor has its CEO responded on X. But after the initial complaint was filed last week, Deel told TechCrunch via a spokesperson: “Weeks after Rippling is accused of violating sanctions law in Russia and seeding falsehoods about Deel, Rippling is trying to shift the narrative with these sensationalized claims. We deny all legal wrongdoing and look forward to asserting our counterclaims.” However, Rippling’s attorney believes they’ve got a “smoking gun. “ “The evidence in this case is undeniable. The highest levels of Deel’s leadership are implicated in a brazen corporate espionage scheme, and they will be held accountable,” Alex Spiro, legal counsel for Rippling, told TechCrunch. And others are rising to applaud Rippling. Eynat Guez, CEO of another Deel competitor, global payments platform Papaya Global, tweeted , “As far as we know, this is not a one-off incident. Thank you @parkerconrad for taking the initiative and ending this practice.” Interestingly, there have been times when Rippling’s antics towards Deel have caused backlash toward Rippling. Last year Rippling launched a marketing campaign called “Snake Game” that pitted itself against its rival. But Rippling was skewered online about it. Topics

Papaya Global Frequently Asked Questions (FAQ)

  • When was Papaya Global founded?

    Papaya Global was founded in 2016.

  • Where is Papaya Global's headquarters?

    Papaya Global's headquarters is located at 200 West 41st Street, New York.

  • What is Papaya Global's latest funding round?

    Papaya Global's latest funding round is Series D.

  • How much did Papaya Global raise?

    Papaya Global raised a total of $438.01M.

  • Who are the investors of Papaya Global?

    Investors of Papaya Global include Insight Partners, Group 11, Bessemer Venture Partners, Scale Venture Partners, Workday Ventures and 14 more.

  • Who are Papaya Global's competitors?

    Competitors of Papaya Global include Factorial, Deel, Beamery, Rise, Skuad and 7 more.

  • What products does Papaya Global offer?

    Papaya Global's products include Papaya Onboarding and 4 more.

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