Papaya firmly believes that the Papaya Platform will become the industry standard for managing the global workforce in the coming years.
This week, we took another major step in that direction.
Papaya Global is proud to announce that we have been selected to the Forbes 2021 Cloud 100, the definitive ranking of the top 100 private cloud companies in the world, published by Forbes in partnership with Bessemer Venture Partners and Salesforce Ventures.
“It is a true honor for Papaya to be recognized by Forbes, the most prestigious list of companies, the real “Who’s Who” of today’s business world,” said Papaya co-founder and CEO Eynat Guez.
“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,” said
“We are proudly building the ‘Salesforce for workforce.’ Eynat added. “Just as Salesforce brings all of the sales tools and processes together into a single system, so too Papaya brings all workforce management together in a single system called the Papaya Platform.”
The ranking establishes Papaya Global as the premier SaaS company in the global workforce management space. Papaya provides a radically simple solution for managing all types of global employees and workers compliantly in over 140 countries, from onboarding to payments.
Papaya’s cloud-based platform has emerged as the ideal solution for the new age of remote work. Its 100% paperless onboarding tools, exceedingly fast go-live time, and payroll and payments automation address the needs of the modern global economy, propelling Papaya to an extended period of hyper-growth.
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.
Papaya’s clients include fast-growing companies that have previously appeared on Forbes list, such as Hopin, Procore, Rubric and more, in addition to enterprise clients such as Toyota, Microsoft, General Dynamics and others.
The Cloud 100 evaluation process involved ranking companies across four factors: market leadership (35%), estimated valuation (30%), operating metrics (20%), and people & culture (15%). For market leadership, the Cloud 100 enlists the help of a judging panel of 34 public cloud company CEOs who assist in evaluating and ranking their private company peers.