Question 1

What is Deel and what does it do?

Accepted Answer

Deel is a global payroll and compliance platform founded in 2019 that enables companies to hire and pay employees, contractors, and freelancers across 150+ countries. The platform handles all aspects of global employment including payroll processing, tax compliance, legal contract management, and HR administration. Deel essentially serves as an Employer of Record (EOR), making it as easy to hire internationally as it is to hire locally. With a $12B valuation as of 2023, Deel has established itself as a leader in global HR infrastructure for remote-first and distributed teams.

Question 2

When was Deel founded and by whom?

Accepted Answer

Deel was founded in 2019 by Alex Bouaziz and Shuo Wang, two MIT entrepreneurs based in San Francisco, California. Their original mission was to make hiring anyone, anywhere as easy as hiring locally. The founders built the platform with the vision of creating a global employment infrastructure that would simplify remote hiring and international compliance. Since its founding, Deel has grown to manage employment across 150+ countries and achieved a valuation of $12B by 2023.

Question 3

What are Deel's main products and services?

Accepted Answer

Deel's core offering is a comprehensive global payroll and compliance platform that includes payroll processing, international contractor and employee management, tax and compliance handling, legal contract generation, and HR administration. The platform functions as an Employer of Record (EOR) for companies operating internationally. Deel also provides remote hiring solutions and handles employment-related legal documentation across different jurisdictions. The platform integrates HR infrastructure management to handle all complexities of international employment in a single unified system.

Question 4

How many countries does Deel operate in?

Accepted Answer

Deel operates across 150+ countries, making it one of the most geographically expansive global payroll and compliance platforms. This extensive global coverage enables companies of all sizes to hire and manage talent virtually anywhere in the world. The platform handles country-specific payroll requirements, tax regulations, employment laws, and compliance obligations across all these jurisdictions. This broad reach is a key differentiator that positions Deel as a global HR infrastructure leader.

Question 5

What problem does Deel solve for companies?

Accepted Answer

Deel solves the complex challenge of hiring and managing a distributed global workforce without establishing physical legal entities in every country. Companies traditionally face significant barriers when trying to employ workers internationally, including navigating different tax laws, compliance requirements, payment systems, and legal contracts. Deel eliminates these obstacles by providing an integrated platform that handles payroll, compliance, contracts, and HR administration automatically. This allows companies to focus on building their teams and growing their business rather than managing complex international employment logistics.

Question 6

What makes Deel different from competitors?

Accepted Answer

Deel's competitive advantages include its broad coverage across 150+ countries, seamless integration of payroll and compliance in a single platform, and its role as an established HR infrastructure leader with a $12B valuation. The platform was built by MIT entrepreneurs specifically to address global hiring challenges and combines technical excellence with deep expertise in international employment law and compliance. Deel's mission to make global hiring as easy as local hiring is reflected in its user-friendly interface and comprehensive feature set. The company's significant funding and market position ensure continuous innovation and reliability for enterprise clients.

Question 7

What is an Employer of Record (EOR) and how does Deel function as one?

Accepted Answer

An Employer of Record (EOR) is a service provider that becomes the legal employer of your international employees, handling all employment-related responsibilities on your behalf. Deel functions as an EOR by assuming the role of legal employer for workers in countries where your company doesn't have a physical presence, managing payroll, benefits, taxes, and compliance. This means your team members are technically employed by Deel locally but work for your company, eliminating the need to establish separate legal entities. Deel's EOR services are a core part of their platform and allow companies to rapidly expand their teams globally while remaining compliant with local labor laws.

Question 8

How does Deel ensure security and compliance?

Accepted Answer

Deel prioritizes security and compliance by maintaining deep expertise in employment law across 150+ jurisdictions and staying current with changing regulations. The platform automates compliance requirements including tax filing, employment contract generation according to local laws, and payroll calculations based on regional regulations. Deel's systems are designed to protect sensitive employee and financial data while ensuring companies remain compliant with international employment standards. As an HR infrastructure platform with a $12B valuation, Deel has invested significantly in security infrastructure and compliance systems to meet enterprise standards.

Question 9

What is Deel's pricing model?

Accepted Answer

While specific pricing details are not publicly detailed in available brand information, Deel operates as an enterprise SaaS platform providing payroll and compliance services, typically charging based on the number of employees and contractors managed through the platform. Pricing varies by country, service level, and additional features utilized. Companies should contact Deel directly for customized quotes based on their specific hiring needs, team size, and geographic scope. Deel's pricing is competitive within the global payroll space and reflects the comprehensive nature of services including compliance, contracts, and HR administration.

Question 10

How do I get started with Deel?

Accepted Answer

Getting started with Deel typically involves visiting their website and requesting a demo or consultation with their sales team. The platform is designed to be user-friendly, allowing companies to quickly begin the process of hiring internationally. Companies can onboard employees and contractors through Deel's interface, and the platform guides them through compliance requirements and payroll setup for each country. Deel's extensive platform takes care of the technical and legal complexities, making international hiring as straightforward as the platform's mission suggests.

Question 11

What types of workers can companies hire through Deel?

Accepted Answer

Deel enables companies to hire across three main categories: full-time employees, part-time employees, and independent contractors/freelancers. The platform handles different employment classifications and ensures proper compliance for each worker type across different countries. Whether companies are looking to hire permanent staff or engage project-based contractors, Deel's platform accommodates various employment arrangements. The flexibility to manage different worker types on a single platform streamlines operations for companies building diverse, distributed teams across multiple countries.

Question 12

What are the main milestones in Deel's growth?

Accepted Answer

Deel's growth trajectory demonstrates rapid scaling and market leadership. Founded in 2019, the company reached a $5.5B valuation by 2021 through Series D funding, signifying strong investor confidence and early market traction. By 2023, Deel achieved a $12B valuation in Series E funding, establishing its position as a global HR infrastructure leader. These milestones reflect the company's successful execution in addressing the global hiring market, its ability to scale operations across 150+ countries, and the critical importance of its platform for remote-first companies worldwide.

Question 13

Is Deel suitable for small businesses or only enterprises?

Accepted Answer

While Deel was built to serve companies of all sizes looking to hire internationally, it is particularly valuable for growth-stage and enterprise companies with distributed teams. Small businesses that need to hire globally can use Deel to access international talent without the overhead of establishing legal entities in multiple countries. The platform's comprehensive nature and compliance capabilities make it especially valuable for companies serious about building sustainable remote teams. Startups and small businesses should evaluate Deel's pricing and feature set against their specific hiring needs.

Question 14

What regions does Deel support best?

Accepted Answer

Deel supports hiring across 150+ countries with particularly strong infrastructure in major employment markets including North America, Europe, Asia, Latin America, and the Middle East. The platform has built deep expertise in complying with regulations across different regions and handles region-specific tax, labor, and employment requirements. While Deel covers an extensive global footprint, some regions may have more mature feature sets and faster payment options than others. Companies should verify specific country support and available features for their target hiring regions when evaluating the platform.

Question 15

How does Deel integrate with other HR and business tools?

Accepted Answer

As a comprehensive HR infrastructure platform, Deel is designed to integrate with other business systems, though specific integration details are not detailed in available brand information. The platform serves as a central hub for global payroll, compliance, and employment management, which typically connects with accounting software, HRIS systems, and other business tools. Companies should explore Deel's integration marketplace or contact their sales team to understand available API connections and third-party tool support. Deel's enterprise positioning suggests robust integration capabilities to fit into existing business processes.

Deel

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Frequently Asked Questions

What is Deel and what does it do?

When was Deel founded and by whom?

What are Deel's main products and services?

How many countries does Deel operate in?

What problem does Deel solve for companies?

What makes Deel different from competitors?

What is an Employer of Record (EOR) and how does Deel function as one?

How does Deel ensure security and compliance?

What is Deel's pricing model?

How do I get started with Deel?

What types of workers can companies hire through Deel?

What are the main milestones in Deel's growth?

Is Deel suitable for small businesses or only enterprises?

What regions does Deel support best?

How does Deel integrate with other HR and business tools?

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