Israel's Papaya Global workforce management solution has been named to the Forbes 2021 Cloud 100, published by Forbes in partnership with Bessemer Venture Partners and Salesforce Ventures, the company announced Tuesday.
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"The companies of the Cloud 100 list represent the best and brightest emerging companies in the cloud sector," said Alex Konrad, senior editor at Forbes.
Papaya's cloud-based platform features 100% paperless onboarding tools, exceedingly fast go-live time, and payroll and payments automation.
In March, Papaya closed a $100 million C round of funding, establishing itself as a unicorn with a valuation of $1.2 billion and by mid-June, Papaya already exceeded 200% growth over all of 2020.
"When we set out to reinvent global payroll, payments, and people management for the modern age, we constantly heard that "developing a SaaS platform for global payroll is impossible" and we were determined to prove otherwise. We are proudly building the 'Salesforce for workforce' and firmly believe the Papaya Platform will become the industry standard for managing global workforce in the coming years," said Papaya co-founder and CEO Eynat Guez.
