Deel

Deel is a pioneering global HR and payroll platform that simplifies the hiring and management of international talent for businesses. Founded in 2019 by Alex Bouaziz and Shuo Wang, Deel has transformed from a contractor management tool into a comprehensive HR solution, enabling over 25,000 companies—including industry giants like Shopify, Dropbox, and Nike—to hire employees in more than 150 countries without the need for local entities. Their innovative Employer of Record (EOR) service handles compliance, payroll, and benefits, allowing businesses to focus on growth.

With a remarkable annual revenue run rate of $1 billion projected by March 2025, Deel has achieved a 70% year-over-year growth, driven by both organic expansion and strategic acquisitions. The company boasts impressive unit economics, maintaining 85% gross margins and achieving EBITDA positivity since September 2022. Deel's subscription-based model, charging $49 per contractor and $599 per employee, positions it competitively against traditional payroll providers and tech-forward platforms alike.

What sets Deel apart is its commitment to a "care-first" customer service approach and its ability to integrate seamlessly with existing HR tools. As the demand for distributed work continues to rise, Deel is well-positioned to capture significant market share in the expanding global HR technology landscape, with plans to further enhance its offerings in domestic payroll and financial services for contractors.