CloudPay Raises $120m Funding Led By Blue Owl Capital
Andover-based CloudPay, an independent global payroll and payment services provider, announced that it has closed its funding round worth $120 million.
Such an investment was led by Blue Owl Capital with the participation of existing shareholders, including Rho Capital Partners, The Olayan Group, and Hollyport Capital.
CloudPay is running payroll procedures for 250 global organizations and processing more than three million payslips per annum across more than 130 countries.
All such great coverage and expertise underline the core role that the company plays in the global payroll market, growing significantly and offering good opportunities for expansion.
Kurt Tenenbaum, managing director and co-head of the Menlo Park Office at Blue Owl Capital, also said he is excited about what the future holds for CloudPay.