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Deel - Payroll Services
Vendor Analysis
published on Aug 21, 2025
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Report Overview:
This NelsonHall vendor assessment analyzes Deel's offerings and capabilities in Payroll Services
Who is this Report for:
NelsonHall’s Payroll Services profile on Deel is a comprehensive assessment of Deel’s offerings and capabilities, designed for:
- Sourcing managers monitoring the capabilities of existing suppliers of Payroll Services and identifying vendor suitability for Payroll Services RFPs
- Vendor marketing, sales, and business managers looking to benchmark themselves against their peers
- Financial analysts and investors specializing in the Payroll Services sector.
Scope of this Report:
The report provides a comprehensive and objective analysis of Deel’s Payroll Services offerings, capabilities, and market and financial strengths, including:
- Identification of the company’s strategy, emphasis, and new developments
- Analysis of the company’s strengths, challenges, and outlook
- Revenue estimates
- Analysis of the profile of the company’s customer base, including the company’s targeting strategy and examples of current contracts
- Analysis of the company’s offerings and key service components
- Analysis of the company’s delivery organization, including the location of delivery centers.
Key Findings & Highlights:
Deel is an HR services organization offering a wide range of services across ~150 countries including payroll services. Deel has seen significant growth in its wider service offering, which includes adding partnerships and API links to third-party organizations to support employee services. Below is a summary of its diverse business units:
- Hire and pay global workers - EOR, contractor, global payroll, local payroll, and PEO
- HR management - performance, benefits, compensation, recruitment, workforce planning
- Device and application management including access and identity management
- Mobility, entities, and global expansion including immigration, entity setup, equity consulting, and background screening.
Deel experienced significant growth with its payroll business, helped by several acquisitions, including:
- March 2025: Safeguard Global's payroll business to support expansion into the large-enterprise-sized market. The acquisition included the transfer of Safeguard's payroll platform, Global Unity, and adding ~1k employees, servicing ~200k client employees
- March 2024: PaySpace to add a payroll country capability and cloud technology. The African-based payroll and HR software and services organization
- November 2022: PayGroup (previously ASX: PYG), founded as PayAsia in 2006 and headquartered in Singapore, provides multi-country HCM and HR services primarily focused in Asia Pacific.
Deel's payroll capability represents ~25% of its business, and through which it supports ~820k client employees.