Papaya Global in Talks for $3.5B–$4.5B Sale

Papaya Global, an Israeli payroll and HR technology company, is reportedly in advanced negotiations for a potential acquisition at an estimated valuation between $3.5 billion and $4.5 billion. The discussions include interest from a private equity fund and large enterprise software companies such as SAP and Oracle.

Papaya Global was founded by CEO Eynat Guez and operates a cloud-based SaaS platform for global payroll and workforce employment across multiple countries. The platform includes employer-of-record services, contractor and freelancer management, payments infrastructure and digital wallets, regulatory compliance, and business intelligence tools.

The company has raised approximately $440–$445 million in total funding, with its largest round a $250 million Series D completed in September 2021. Noted investors include Insight Partners, Tiger Global, and Bessemer Venture Partners.