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Deel's platform lets companies hire, onboard and pay employees and contractors worldwide. It covers Employer of Record and Contractor of Record services, local payroll, benefits, HRIS, and AI-powered tools. Revenue comes from per-worker subscription fees (reported at about $49 per contractor and $599 per EOR employee per month) plus payment and payroll charges. Deel was founded in 2019 and passed $1B ARR in 2025 and $1.5B ARR in the first half of 2026. It raised a $300M Series E at a $17.3B valuation in October 2025, and is reportedly preparing for an IPO.