Papaya Global was founded in 2016 by Eynat Guez, Ruben Drong, and Ofer Herman. In a 2021 interview, Guez referred to the company's "long-term goal to grow the company [and] take it public."
Papaya Global is a workforce management platform that helps businesses connect their HR, finance, and payroll departments. The company maintains partnerships with services such as Workday, Oracle NetSuite, and others. Papaya Global has also been named in the Forbes Cloud 100. The company has raised more than $400 million in venture capital funding from investors including Insight Partners, Tiger Global, Greenoaks Capital, IVP, Scale Venture Partners, and Bessemer Venture Partners. Papaya Global announced a valuation of $3.7 billion after a $250 million fundraising round in 2021.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.