Velocity Global provides an AI-powered global workforce platform that enables companies to hire, manage, and pay employees and contractors in over 185 countries while ensuring compliance with local regulations. This solution addresses the complexities of international employment by streamlining onboarding processes and offering transparent cost structures without hidden fees.
Funding
$400M 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.
EINVFounders
Product
Problem
Companies face significant challenges when hiring, managing, and paying employees and contractors internationally, including navigating complex local regulations and ensuring compliance. These complexities can lead to increased overhead costs, administrative burdens, and potential legal risks, hindering global expansion efforts.
Solution
Velocity Global offers an AI-powered global workforce platform designed to streamline international employment processes and ensure compliance across 185+ countries. The platform simplifies hiring, paying, and managing global teams by automating onboarding, managing HR functions, and providing transparent cost structures. By leveraging its Global Work Platform™, companies can quickly expand their teams across borders without establishing local entities, reducing regulatory risks and administrative overhead. Velocity Global's solution provides access to in-country HR, payroll, and legal experts, offering concierge-level support to maximize workforce productivity and ensure compliance with local labor laws.
Target Audience
Velocity Global primarily serves HR teams, finance teams, legal teams, and hiring managers within SMBs and enterprises looking to expand their workforce internationally while maintaining compliance and reducing administrative burdens.
Features
- AI-powered platform for streamlined global hiring, management, and payment processes
- Employer of Record (EOR) services for compliant hiring in 185+ countries
- Contractor management solutions for engaging project-based workers
- Global payroll services with transparent cost structures and no hidden fees
- Global benefits administration, including tailored benefits packages
- Global immigration services to navigate complex visa and authorization requirements
- Integration directory to simplify HR with integrated technology
- Employee cost calculator for reliable insights into employee costs and country-specific contributions