CloudPay, the leading independent provider of global payroll and payment solutions, today announced the completion of a $120 million funding round led by Blue Owl Capital, with participation from existing shareholders Rho Capital Partners, The Olayan Group, and Hollyport Capital. This funding bolsters CloudPay’s capital base and provides flexibility for future growth opportunities.
With a successful 30-year history, CloudPay has built a world-class customer base, serving over 280 corporate clients and managing payroll and payments across more than 130 countries. The funding will enable the enhancement of its customer product and technology solutions, including the deployment of AI in data management, automation and scaling of processes, and improved connectivity through a comprehensive set of API solutions linking its global payroll, payment, and HCM ecosystem partners.
Dr Roland Folz, CEO of CloudPay, said: “Global payroll is a growing market providing tremendous opportunities for CloudPay and this funding gives us the flexibility to accelerate our journey. Our focus on payroll and payment offerings resonates very well with our esteemed global clientele. With the support of Blue Owl Capital, we are strengthening our capital base while continuing to invest in our state-of-the-art solutions for global organisations and their employees worldwide.”
This funding round marks another significant milestone in the company’s long history. From its headquarters in Andover, Hampshire, CloudPay’s workforce has now expanded to over 1,350 employees globally, delivering accurate, on-time pay to employees in more than 130 countries.
