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, Ofer Simon, 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.
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.
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