CloudPay, an Andover, UK-based provider of global payroll and payment solutions, has secured a $120 million funding round. 

Investors 

The round was led by Blue Owl Capital, with participation from existing shareholders Rho Capital Partners, The Olayan Group, and Hollyport Capital. 

Blue Owl Capital, founded in 2011 and based in New York, specializes in providing capital to high-growth technology companies. The firm also invests in financial institutions, real estate, and credit sectors. 

CloudPay Use of Funds 

The company will use the funding to advance its product and technology offerings, including AI integration in data management, process automation, and enhanced connectivity through a comprehensive set of APIs. 

About CloudPay 

CloudPay provides global payroll and payment solutions, offering comprehensive services for managing payroll, payments, and human capital management (HCM). With a customer base of more than 280 corporate clients, CloudPay has now expanded its workforce to over 1,350 employees globally to deliver accurate, on-time pay to employees across more than 130 countries.  

Funding Details 

Company: CloudPay Inc. 

Raised: $120.0M

Round: Unknown 

Funding Date: August 2024 

Lead Investor: Blue Owl Capital 

Additional Investors: Rho Capital Partners, The Olayan Group, Hollyport Capital 

Company Website: https://www.cloudpay.com/  

Software Category: Payroll and Payment Solutions 

Source: https://www.cloudpay.com/press-releases/cloudpay-secures-120-million-dollars-funding/