The startup offers a human resource platform that integrates employment expertise with HRIS technology to manage global HR functions, including payroll, compliance, and tax data collection. This platform enables HR teams to automate salary payments in local currencies, reducing complexity and operational costs associated with cross-border employment.
Funding
$5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
BVFounders
Product
Problem
Expanding into global markets requires navigating complex international employment laws, payroll processes, and compliance regulations, which can be time-consuming and costly for businesses. Misclassification of workers and lack of local expertise can lead to legal and financial risks.
Solution
Teamed offers a global employment platform that simplifies international hiring, payroll, and HR management, enabling companies to compliantly hire and manage employees and contractors in over 150 countries. The platform provides automated payroll in local currencies, ensures compliance with local laws, and offers HR support, reducing the complexity and operational costs associated with cross-border employment. Teamed acts as an Employer of Record (EOR), handling tasks such as tax management, benefits administration, and contract generation, allowing businesses to focus on growth and talent acquisition.
Target Audience
Teamed primarily serves startups, scale-ups, and HR teams looking to expand their workforce globally while maintaining compliance and streamlining HR processes.
Features
- Global payroll processing in 50+ currencies with transparent fee structure
- Automated onboarding within 24 hours, ensuring compliance with local regulations
- Management of employee benefits, including healthcare and pensions, tailored to local standards
- Generation of multi-language employment contracts compliant with local labor laws
- HR support with dedicated customer success managers and local experts
- Contractor management solutions with varying levels of compliance coverage
- Platform access with a user-friendly interface for managing contracts, payroll, and employee data
- Compliance safeguards and misclassification coverage options