Papaya Global Ltd. announced Thursday that it has formally acquired Israeli human resources information system (HRIS) platform Mensch, Inc. The result will lead to an increased end-to-end management offering, starting at the hiring and onboarding process all the way to payroll processing and cross-border payment for global teams, the company said in a statement.
“When we looked at what Mensch built in HRIS, we saw they share our passion for building payroll products. The decision to merge our platforms was fast and easy for us. It was a perfect match,” explained Eynat Guez, Papaya Global CEO and co-founder.
Papaya helps companies manage their workers — whether they are employees, contractors, employers of record, or professional employer organizations — from across the world. Growing startups or large corporations usually use its services to help overcome challenges of managing an overseas workforce in countries where they don’t have a legal presence. With its acquisition of Mensch, it will also ensure that these companies can easily operate on a global scale across different countries and regions.
Read more: Papaya acquires HRIS platform Mensch