CloudPay funding news – CloudPay Secures $120 Million in Funding

With a 30-year track record of accomplishment, CloudPay has amassed a clientele of over 280 corporate customers, meeting their payroll and payment requirements across more than 130 countries.

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The funding will allow the company to improve connectivity through a comprehensive set of API solutions that connect partners across its global payroll, payments, and HCM ecosystem, automate and scale processes, and strengthen its customer-facing technology and product solutions.

Dr. Roland Folz , CEO of CloudPay said, “The global payroll market is a growing market that offers tremendous opportunities for CloudPay and this funding gives us the flexibility to accelerate our path, Our focus on payroll and payment offerings is very well received by our valued global clientele. With the support of Blue Owl Capital, we are strengthening our capital base as we continue to invest in our cutting-edge solutions for global organizations and their employees around the world.”

Kurt Tenenbaum , Managing Director and Co-Head of Blue Owl Capital's Menlo Park office , added, "We have been impressed with CloudPay's growth, its experienced international leadership team, and its commitment to customers. We are excited about what the future holds for CloudPay and are proud to support its long-term growth strategy."

In the lengthy history of the organization, this funding round represents yet another significant turning point. In order to provide workers in more than 130 countries with accurate and timely payments, CloudPay has grown to employ over 1,350 people globally.

Furthermore, it has continuously outperformed the market norm in terms of annual growth rate. It was been named a Top 3 Leader in the Quadrant Knowledge Solutions 2023 SPARK Matrix and a Major Contender (Global) and Star Performer (EMEA) in the Everest Group Multi-Country Payroll (MCP) Solutions PEAK Matrix Assessment 2023.

Fintech also received recognition from the 2024 GLOBEE® Disruptor Awards, where it won GOLD in Emerging Disruptors in FinTech & Payment Solutions and SILVER in Disruptors in FinTech, Financial Services, Payments & Banking.

About CloudPay

CloudPay is an organization united by a single purpose: to modernize the payroll experience, elevating the importance of payroll beyond an operational function to become a true business advantage. With a proud track record of over 25 years, they are trusted to manage the payroll processes for 250 global organizations, processing over 3 million payslips per year in over 130 countries and handling over $24 billion in payments in 168 currencies.