Summary
Deel, an all-in-one HR platform for global teams, helps companies simplify every aspect of managing an international workforce. One of their key services is global payroll solutions. Since launching in 2019, the team has grown to include employees and contractors in 80+ countries, and the company now supports 15,000 organizations in 150+ countries.
Challenge
Deel’s customers are among global businesses embracing this new, disbursed way of working. And they’re not alone. In fact, according to Nium’s research, businesses hiring international workers jumped from eight percent to 46% from 2020 to 2021.
With such rapid growth and the expansion to new markets and countries, Deel needed to find a way to make paying people faster, easier, and more cost-effective. They needed a partner with seamless access to a growing list of banking corridors and currencies.
Solution
Deel selected Nium as their global payroll solution partner to extend their reach and improve administrative processes for themselves and their customers. They were drawn to the global network of 190 countries, which includes licenses in 11 jurisdictions and card issuance in 33 key countries.
“We chose Nium to be our card issuance partner as we wanted to offer contractors an integrated withdrawal option for instant access to their funds instead of the traditional domestic or international bank transfer options. Nium was the most global service on the market, and it complemented Deel’s global presence and customer base.”
– Courtney Chin, Director of Fintech Operations, Deel
Results
The ability to offer a faster, more flexible, and frictionless gateway is allowing Deel to win the race for global talent. In addition to growing their business, Deel and their customers are benefiting from reduced administrative costs, instant payments, immediate fund access, and enhanced security.
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