FinTech news in Deel category

Remote payroll startup Deel has acquired fintech Capbase for an undisclosed amount in a cash and stock deal, the companies have told journalist exclusively. With its acquisition of Capbase, Deel plans to pair those services with a new product dedicated to equity management and issuance. It was drawn to the fact that Capbase works to help companies with incorporation and fundraising in their early days as well as with compliance filings and granting equity as they mature, according to Bouaziz. Services it offers include helping companies send offer letters, grant equity to new employees, manage their cap tables and get a 409A valuation report, among other things.

Deel is an example of a company that was in the right place at the right time, aided by what appears to be strong execution. Remote hiring company Deel has raised $50 million at a $12 billion valuation, according to an Axios report.

If companies are operating primarily in crypto, Deel says, they don’t have to worry about paying any of the exchange fees to convert it into, say USD, before they pay their employees.