Native Teams, a work payments platform for freelancers, remote workers, and business owners, has successfully raised €6.2 million to power its ambitious plans of becoming the go-to platform for work payments.
The startup received support from existing investors Eleven Ventures and Fil Rouge Capital and new investors MFG Invest, Begin Capital, plus others.
Details
Native Teams specialises in providing work payment solutions, helping individuals and businesses streamline global remuneration within a centralised platform.
Founded in 2020, the company has quickly expanded to over 65 countries with a global team of more than 200 employees across their target markets.
What They’re Saying
“We are delighted to announce the closing of this pre-series A investment round. It’s a testament to the progress our team have made over the last year as we bring Native Teams’ simplicity and transparency to power work payments of so many more users around the world. We are lucky to have some exceptional, like-minded investors join us on our journey to advance and update remuneration for the new world of work,” said Alex Mitrevska, Chief Evangelist and Co-founder of Native Teams.
“We are super excited to join forces with Native Teams. We share their vision of a next-gen global workforce management platform – a platform with an employee-centric DNA. With functionality that goes far beyond basic employer of record services, bringing enterprise-level employment experience to every remote employee,” added Ruslan Sarkisyan, Partner, Begin Capital.
Looking Forward
The new investment will help the enhancement and expansion of their offering outside the European region, with a strategic focus on the US, India, and the wider Asian region.
Between The Lines
Native Teams operates in 5 African countries: Algeria, Nigeria, Kenya, Morocco, and South Africa.
Source: EU Startups
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