About Teamed

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.

```xml <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. </problem> <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. </solution> <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 </features> <target_audience> Teamed primarily serves startups, scale-ups, and HR teams looking to expand their workforce globally while maintaining compliance and streamlining HR processes. </target_audience> <revenue_model> Teamed generates revenue through fixed monthly fees for EOR services, subscription-based access to the platform, and tiered pricing for contractor management solutions, with additional fees for higher levels of compliance coverage. For the contractor plan, Teamed charges $49/month ($34/year), for the Guard plan, Teamed charges $129/month ($58/year), and for the Protect plan, Teamed charges from $300/month ($72/year). </revenue_model> ```

What does Teamed do?

Where is Teamed located?

Teamed is based in London, United Kingdom.

When was Teamed founded?

Teamed was founded in 2018.

How much funding has Teamed raised?

Teamed has raised 4960000.

Location

London, United Kingdom

Founded

2018

Funding

4960000

Employees

36 employees

Major Investors

Blackfinch Ventures

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Teamed

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Executive Summary

teamed.global 3K+

Crunchbase

Founded 2018 – London, United Kingdom

Funding

Estimated Funding

$3M+

Major Investors

Blackfinch Ventures

Team (30+)

No team information available.

Company Description

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.

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

Target Audience

Teamed primarily serves startups, scale-ups, and HR teams looking to expand their workforce globally while maintaining compliance and streamlining HR processes.

Revenue Model

Teamed generates revenue through fixed monthly fees for EOR services, subscription-based access to the platform, and tiered pricing for contractor management solutions, with additional fees for higher levels of compliance coverage. For the contractor plan, Teamed charges $49/month ($34/year), for the Guard plan, Teamed charges $129/month ($58/year), and for the Protect plan, Teamed charges from $300/month ($72/year).