Deel is an Employer of Record (EOR) and a global payroll platform. Companies use it to hire, pay, and manage international contractors and full-time employees without setting up local entities.
Alex Bouaziz, Shuo Wang, and Ofer Simon founded the company in 2019. Deel is headquartered in San Francisco and has raised more than $980 million in seven funding rounds.
The platform is now valued at $17.3 billion.
How Deel works
Deel supports hiring and payroll across more than 150 countries.
Companies typically use the platform for the following services:
- Employer of Record (EOR): Deel becomes the legal employer in the target country while the client manages the day-to-day work
- Contractor management: Allow clients to hire, manage, and pay independent contractors in multiple countries through a single platform.
- Contractor of Record (COR): Deel takes on the liability, manages all HR/admin, and handles the risk for you.
- Global payroll: Clients submit payroll data and approve it in one dashboard, and Deel handles taxes, deductions, and currency conversions automatically.
Note: The main difference between contractor management and Contractor of Record services is who bears the legal risk and responsibility: you (with a standard Deel contractor service) or Deel (with COR).
What stood out in my tests
In my tests of the platform, the onboarding stood out for its simplicity and speed.
In most cases, contracts are generated automatically based on the country, reviewed right on the platform, and approved in a few steps.
What it means for clients: Deel clients can hire in established markets within days. They’re also likely to find better contract standardization, clear compliance guidance, and faster onboarding compared to smaller regional providers.