Cloud-based payroll services in 160 countries, 30 currencies and 26 languages via CloudPay, Raised $16 Mn

Cloud has been a big enabler for disruption in the HR space. When SuccessFactors was acquired by SAP for $3.4 billion, it became a writing on the wall. Cloud-based payroll platforms are increasingly becoming popular. And it looks like investors consider companies like CloudPay to be great for them. The company raised $16 million in second round funding from Pinnacle Investment Partners, Rho Ventures and others.

CloudPay says that their SaaS (Software as a Service) technology and payroll expertise allows organizations to control, consolidate, process and analyze their global payroll operations with ease. Overall, CloudPay offers its solution to 160 countries, supporting 30 currencies a ...

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