Invest in Deel

Deel offers multiple solutions for hiring and managing teams globally.

Deel's Hire Anywhere service simplifies the global hiring and management of both contractors and EOR (Employer of Record) employees, enabling businesses to automate processes such as onboarding, compliance, invoicing, health benefits, and payments.

For EOR employees, Deel operates legal entities in over 100 countries and provides expert visa assistance, facilitating the hiring of employees globally on behalf of its clients.

Deel collects all tax and permit documents, generates W9s and 1099s, creates and sends contracts, and maintains an audit trail.

The Deel platform streamlines the creation of invoices and facilitates global payments, providing a single hub for all contracts, expenses, and benefits, along with a unified overview of the team. It enables companies to execute payments to everyone through a single bulk transaction while handling tax withholdings, pension contributions, benefits, and government fees.

It also simplifies termination by automatically calculating the final payment per the termination date, country labor law, time off used, and more.

Deel’s hire for contractors allows companies to hire, pay, and provide benefits to contractors anywhere in the world in minutes.

Deel Shield offers the highest security level for contractor hiring, providing complete protection against the risks of misclassification.

Deel also provides immigration services handling all the intricate visa administration and allows companies to run background checks on candidates.

Deel HR empowers clients to oversee their entire workforce, ranging from direct employees to international contractors, covering aspects such as onboarding, offboarding, leave management, workflows, expenses, a people directory, organizational charts, compliance, security, and reporting.

In addition, with Deel Equipment, companies can ship and manage laptops, monitors, and headphones for their workforce needs in a few clicks.

Deel Equity lets users offer almost any kind of equity or token plan to employees and contractors, including Non-Qualified Stock Options (NSOs), Stock Warrants, Restricted Stock Units (RSUs), Restricted Token Units (RTUs), and Stock Appreciation Rights (SARs) and Phantom stocks.

Deel charges its customers directly based on the number of active contracts per month and does not charge contractors or employees.

For independent contractors, Deel charges its customers $49 per active contract per month.

For full-time employees hired through an EOR model, Deel charges its customers $599 per active contract per month.

For global payroll and immigration services, Deel charges custom pricing.

Deel HR is free for companies of up to 200 people as of early 2023.

In a Forbes interview in March 2023 discussing the company's future in five to ten years, CEO Alex Bouaziz said, “We want to continue carrying out our vision and mission and help hundreds of millions of people work for the best companies. We are very, very far from what we want to achieve. We didn't even get to 0.001%. We have to continue building great product automation and a better experience to scale the right way.”

According to TechCrunch in January 2023, Deel is profitable, having been EBITDA positive since September 2023. Deel also claims that it generates profit margins of 85%.

In February 2024, Deel announced it will acquire Zavvy, a Munich-based AI-based “people development” startup building tools for personalized career progression, training, and performance management. Deel will bring Zavvy’s services onto the same platform as its existing services — a nod to the company shifting focus to work more with distributed and non-distributed workforces. It plans also to start incorporating more AI across that wider portfolio. Finally, Deel will also make its existing Deel HR tool, which was free for organizations of up to 200 users, now “free” for existing customers regardless of their size.

In March 2024, Deel announced it is acquiring African-based payroll and HR software and services company PaySpace in a deal that marks its largest acquisition to date. Africa-based PaySpace boasts over 14,000 customers utilizing its software and services in 44 countries across Europe, Latin America, the Middle East and Africa. Customers include multinationals across various industries such as Heineken, Coca-Cola Beverages and Puma Sports SA.

In March 2024, according to TechCrunch, Deel revealed that it has crossed $500 million in annual recurring revenue (ARR). That’s up from $290 million in ARR at the end of 2022. Deel also claims that it has been EBITDA positive since September 2022 and still has $600 million left in the bank. IPO plans are still a way off but likely to be in the 2025/2026 timeframe.

In July 2024, Deel announced that it acquired Hofy, a London-based company that delivers and helps manage office equipment for remote hires. Financial terms weren’t disclosed, but a source familiar with the matter told TechCrunch that the deal was worth over $100 million.