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Deel (company)

Deel (company)

A financial technology company offering an international payment management solution for businesses working with global remote contractors.

Deel is a financial technology company offering an international payment management solution for businesses working with global remote contractors. The company is is headquartered in San Francisco, California and was founded in 2018 by Alex Bouaziz and Shuo Wang. Deel charges companies $10 per month per contractor combined with a 1% fee when they are paying their contractors on a weekly or monthly basis. All tax filing information is collected before any transaction begins between an employer and a contractor. Deel makes an average of $560 per year per contractor. Notable companies using Deel include: Italic, Pipeline, Cuanto, Platzi, Latchel, Safety Wing, and Truora.

Funding

Seed

On March 18, 2019 Deel completed their seed funding round with $150,000 in funding from y Combinator after being part of Y Combinator's W19 cohort. On April 2, 2019 Deel expanded their seed funding round with an undisclosed amount of funding from Y Combinator, Weekend Fund, Soma Capital, La Famiglia, and AltalR Capital.



Timeline

People

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Further reading

Title
Author
Link
Type
Date

The top 10 startups from Y Combinator W19 Demo Day 1

Josh Constine

Web

March 19, 2019

Documentaries, videos and podcasts

Title
Date
Link

009 - Alex Bouaziz (CEO of Deel) on the Future of Compliance With Freelancers

5/21/19

Companies

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CEO
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References