DEEL

Company Overview

Snapshot

Founded in November 2018 by Alex Bouaziz, DEEL operates with over 6,000 employees. The company has raised a total of $979 million across 8 funding rounds from 15 investors.

Business overview

DEEL provides a platform that simplifies compliance and payments for companies hiring contractors globally. Its core technology streamlines onboarding, localized contracts, rights of work document requests, and tax form and invoice generation. The company serves various markets by offering a reliable and seamless payment experience across different methods and currencies, operating within the Fintech & Insurtech sector.

Strategic signal

In August 2026, DEEL expanded its capabilities by acquiring the Israeli deepfake security startup Clarity in a deal valued between $40-50 million. This acquisition signals DEEL's strategic move into cybersecurity, enhancing its offerings beyond HR and payroll to include advanced security solutions, which could be a significant differentiator in the global workforce management market.

Company Intelligence Q&A

What was DEEL's most recent acquisition?

In August 2026, DEEL acquired the Israeli deepfake security startup Clarity in a deal valued between $40-50 million, marking its first cybersecurity acquisition.

What was DEEL's most recent funding round?

Ribbit Capital led this round, with participation from Coatue.

What was DEEL's last acquisition in the HR technology space?

In February 2024, DEEL acquired the people development platform Zavvy for approximately $20 million, expanding its human resources offerings.

Has DEEL made any acquisitions in Africa recently?

In March 2024, DEEL acquired Africa's PaySpace, a move that helped the company cross $500 million in Annual Recurring Revenue (ARR).

What was the nature of DEEL's secondary transaction in 2025?

In February 2025, DEEL closed a $300 million secondary deal, with General Catalyst and Mubadala participating. This transaction, alongside strong revenue growth, positioned the company for a potential IPO.