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Deel and WeWork strike partnership

The deal will see WeWork and Deel capitalise on the skyrocketing trend of recent years that has seen increasingly distributed teams.

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Deel, a fintech helping companies with back office functions for remote workers, is partnering with WeWork to offer its customers memberships for their employees.

With a focus on payroll, compliance and hiring Deel has grown rapidly since launching in the year before remote working took off in the pandemic. Today it has a valuation of $12bn and investors that include Andreeson Horowitz,  Laurene Powell Jobs’ Emerson Collective, Spark Capital and Y Combinator.

Deel’s business customers will now be able to request a monthly membership for their new hires directly through its platform. 

The company, headed by co-founder and CEO Alex Bouaziz (pictured), says that distributed teams have become more commonplace in recent years, but there is still a need for workspaces to maintain in-person connections, build a company culture and facilitate collaboration. 

Further, having a range of options available to employees to choose where they work is becoming a large factor in how easy it is to both attract and retain talent. 

“We use WeWork to give our own global teams a more flexible work environment, so it only made sense to extend the partnership to our customers. Offering workspaces directly through Deel is just another way we’re simplifying the world of HR.” said Alex Bouaziz, co-founder and CEO of Deel.

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