What Skuad does

Skuad Pte Ltd, founded in 2019 and headquartered in Singapore, is a global Employer of Record (EOR) and Agent of Record (AOR) platform that enables companies to hire, onboard, pay, and manage full-time employees and contractors in 160+ countries without establishing local legal entities. The platform unifies employment lifecycle management — onboarding, locally compliant contracts, benefits administration, background verification, visa and immigration support, and offboarding — alongside multi-currency payroll executed in 70 currencies via a single bulk payment. Underlying infrastructure relies on a network of owned entities and local partners across APAC, MEA, Europe, and the Americas, with cross-border payment processing routed through Currency Cloud under FCA (UK), DNB (EU), and FinCEN/FDIC (US) authorizations.

The product surface has expanded from core EOR and AOR offerings into modular add-ons including a compliance module (Shield), recruitment solutions, global mobility/visa services, background verification, and contractor payments. Revenue is generated primarily through recurring subscription pricing — $199 per employee per month for EOR and $19 per contractor per month for AOR — with usage-based fees on the standalone global payment solution and quote-based enterprise contracts. Customer acquisition blends enterprise field sales (demo requests, company-size intake forms), inside sales, and product-led/self-serve pathways for smaller teams, supported by an SEO- and content-driven marketing engine spanning blogs, salary insights, an employee cost calculator, and review platforms (Capterra, G2, SoftwareAdvice).

Skuad is now operating as Payoneer Workforce Management (WFM) following its 2024 acquisition by Payoneer. The company had raised approximately $19 million in venture funding across a 2020 seed (BEENEXT-led), an April 2022 Series A led by MindLance, and a 2022 follow-on with Anthemis, BEENEXT, and iSeed. As of the latest data, the company serves 600+ business customers across diverse industries including technology (OpenSolar, Simwell, RemoteLock, Narrative, Microsense), logistics (NinjaVan, Janio), financial services (Amartha), HR consulting (VRP Consulting), and retail (Helix Leisure, Cactus), with a headcount of 101–250.

Name

Skuad

Legal name

Skuad Pte Ltd

Website

https://skuad.io

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

101–250 employees

Short description

Skuad (now Payoneer Workforce Management) is a Singapore-based Employer of Record and Agent of Record platform that enables companies to hire, onboard, pay, and manage employees and contractors across 160+ countries and 70 currencies without establishing local entities.

Ownership category

akta.pro rank

Product category

Global Employer of Record (EOR) and International Payroll Software

NAICS

Professional Employer Organizations (56133), Payroll Services (541214)

SIC

Services-Employment Agencies (7361), Services-Prepackaged Software (7372)

akta.pro primary industry

Agent of Record (AOR) for Staffing & Payrolling (BPACAHAF)

akta.pro secondary industries

Professional Employer Organization (PEO) / Co-Employment Services (BPACAHAB), Payroll Software & Payroll-as-a-Service (SaaS) (BPACAIAB), Workforce Management & Scheduling Outsourcing (Non-payroll) (BPACAKAJ)

Keywords

• Global payroll services
• Employer of record
• International contractor management
• Global employment compliance
• Remote team onboarding

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Supply Chain

Revenue model

1. Employer of Record (EOR) Services - Employee Hiring: Subscription-based service for hiring and paying full-time global employees through Skuad as the legal employer. Customers pay a per-employee fee and make a single bulk payment to Skuad, which handles payroll, taxes, benefits, and compliance. Starts at $199 per employee per month.
2. Agent of Record (AOR) Services - Contractor Management: Subscription-based service for onboarding, managing, and paying international contractors. Handles invoicing, multi-currency payments, and tax filings. Starts at $19 per contractor per month.
3. Recruitment + EOR bundled service: Combined offering adding talent recruitment on top of EOR services for customers seeking end-to-end talent acquisition and employment management.
4. Global Payment Solution: Payment processing and currency conversion service for managing international contractor payments, leveraging Currency Cloud infrastructure to process payments across 70 currencies.
5. Professional Services and Consulting: Expert guidance from People Ops partners, compliance consulting, and customized subscription plans based on unique organizational requirements.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Core offering

Skuad is a global HR platform that acts as an Employer of Record (EOR) and Agent of Record (AOR), enabling companies to hire, onboard, pay, and manage full-time employees and contractors in 160+ countries without setting up local entities. The platform combines multi-currency payroll (70 currencies), compliance management, benefits administration, visa and immigration support, and contractor invoicing into a single dashboard. Since 2024, Skuad has operated as Payoneer Workforce Management (WFM) following Payoneer's acquisition.

Product overview

Skuad (now Payoneer Workforce Management) is a unified global employment and payroll platform enabling companies to hire, pay, and manage employees and contractors across 160+ countries without establishing local entities. The platform operates as a modular system combining core EOR (Employer of Record) and AOR (Agent of Record) services with specialized add-on modules: Shield for compliance management, Visa & Immigration for global mobility, Background Verification for candidate screening, and Recruitment Solutions for talent acquisition. The platform also includes Global Payroll for multi-currency payment processing and Contractor Payments for freelancer management. Supporting features include Salary Insights, Employee Cost Calculator, and country-specific hiring guides. The platform supports operations in 70 currencies with 24x5 dedicated support.

Differentiator

Problem solved

Functional benefit

Products and services

• Employees (EOR) - Employer of Record Employer of Record service that enables companies to hire and pay global employees in 160+ countries without setting up local entities. Handles onboarding, payroll, benefits, and compliance. Starts at $199 per employee per month.
• Contractors (AOR) - Agent of Record Agent of Record service for hiring and paying global contractors in 160+ countries. Manages invoicing, multi-currency payments, and tax filings compliantly. Starts at $19 per contractor per month.
• Global Payroll Payroll management platform enabling companies to run payroll in 70 currencies from a single platform with automated tax calculations and payslip generation.
• International PEO Professional Employer Organization service enabling companies to hire employees in 160+ countries through local partner entities, managing payroll and administration.
• Recruitment + EOR Bundled Service Combined offering adding talent recruitment on top of EOR services for customers seeking end-to-end talent acquisition and employment management.
• Global Payment Solution Payment processing and currency conversion service for managing international contractor payments, leveraging Currency Cloud infrastructure to process payments across 70 currencies.

Quantifiable outcome

• Onboard employees in less than 24 hours through EOR solution
• +2 more outcomes

Named customers13 records

Segments5 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature7 records

Partnerships

Four partnerships are on record, tiered core and flagship.

• Currency Cloud (UK - The Currency Cloud Limited)coreTechnology or IntegrationCurrency Cloud Limited provides payment services for Skuad's UK and global operations. Registered in England (No. 06323311), authorized by the Financial Conduct Authority under the Electronic Money Regulations 2011 (FRN: 900199). Skuad uses Currency Cloud's infrastructure to process international payments and currency conversions for its customers.
• Currency Cloud B.V. (EU - Netherlands)coreTechnology or IntegrationCurrency Cloud B.V. provides payment services for Skuad's clients in the European Economic Area. Registered in the Netherlands (No. 72186178), authorized by De Nederlandsche Bank under the Dutch Financial Services Act (WFT) for issuing electronic money (No. R142701). Registered Office: Nieuwezijds Voorburgwal 296-298, 1012 RT Amsterdam.
• Currency Cloud Inc. / Community Federal Savings Bank (US)coreTechnology or IntegrationCurrency Cloud Inc. operates in partnership with Community Federal Savings Bank (CFSB) to facilitate payments in all 50 US states. CFSB is registered with FDIC (Certificate# 57129). Currency Cloud Inc is registered with FinCEN and authorized in 39 states to transmit money (MSB Registration Number: 31000160311064). Skuad uses this infrastructure for US payment services.
• PayoneerflagshipStrategic or Co-development PartnerSkuad has been acquired by Payoneer and rebranded as Payoneer Workforce Management (WFM). This is a strategic acquisition, not just an investment. Skuad now operates as a Payoneer company, with the Payoneer brand backing global employment services. The acquisition provides Skuad with access to Payoneer's global financial infrastructure, customer base, and brand credibility while maintaining its EOR/AOR platform capabilities.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Velocity Global: EOR provider covering 185+ countries with owned-entity infrastructure. Competes directly for enterprise and mid-market customers seeking global employment and compliance services.
• Deel: Global EOR and contractor management platform. Direct competitor to Skuad across the same customer base (companies hiring internationally) with very similar EOR/AOR, payroll, and compliance value proposition.
• Remote: Global EOR and international payroll platform competing for the same mid-market and enterprise buyers with comparable EOR, contractor management, and multi-country payroll offerings.
• Globalization Partners: Established EOR/PEO player covering 180+ countries with owned-entity model. Direct competitor for enterprise customers seeking global employment, payroll, and compliance services.
• Oyster HR: Global EOR platform focused on hiring, onboarding, and paying international employees. Targets the same tech and SMB segments as Skuad with comparable country coverage and subscription pricing.
• Multiplier: EOR and global payroll platform covering 150+ countries with employer-of-record and contractor services. Closely comparable to Skuad in target customer (SMB/tech) and product scope.
• Papaya Global: Global payroll and EOR platform serving enterprises with international workforces. Overlaps with Skuad on EOR, multi-country payroll, and contractor management, with stronger enterprise orientation.

Broad incumbents

• Rippling: Unified HR, payroll, IT, and spend management platform that has expanded into global EOR. Broader incumbent with overlapping EOR/payroll capabilities but sold as part of a much larger HRIS suite.
• ADP: Global payroll and HR services giant with EOR/International PEO capabilities via ADP TotalSource and Streamline. A scaled incumbent whose international payroll/EOR offerings overlap with Skuad's core platform.

Emerging players

• Deel Contractor Management / WorkMotion: European EOR platform covering 150+ countries focused on compliant international hiring. Comparable to Skuad in country coverage and EOR focus, with a slightly different geographic center of gravity.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/JoinSkuad
• LinkedInlinkedin.com/company/joinskuad

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds3 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Skuad