Deel, a company that has transitioned from fintech to HR services, is setting the stage for its anticipated IPO. With a reported annual revenue run rate of $800 million and a significant growth rate of 70%, Deel continues to expand its services that enable global companies to hire and manage remote employees. Recently, Deel sold $300 million in secondary shares and saw its valuation increase from $12 billion to $12.6 billion. Amid these developments, Deel is also facing a lawsuit regarding money laundering accusations.
Fintech-turned-HR outfit Deel is trying to lay the groundwork for an IPO.
Deel's annual revenue run rate climbed to $800 million in 2024 after growing by 70%.
The startup helps businesses globally hire, manage and pay employees remotely.
Deel was valued at $12 billion in May 2022, with its valuation now at $12.6 billion.
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