The FinTech outfit DEEL tries to put the muse for a IPO. On Tuesday it is claimed that the annual sales edge rate rose to $ 800 million In 2024 after growth by 70%.
The startup, which helps the corporate with the worldwide attitude, management and payment of employees from a distance, also announced that it sold $ 300 million in secondary stocks to General Catalyst and an unnamed “sovereign investor” – and the early investors a payout. CNBC reported That the unnamed investor is the Mubadala Investment Company, the sovereign wealth find of Abu Dhabi.
The publication also reported that Deel is preparing to go to the stock exchange “next year”. Last February, the Techcrunch company announced that an IPO would probably pass “in the period 2025/2026”.
In May 2022, Deel had a worth of $ 12 billion. According to CNBC, the evaluation was 12.6 billion US dollars after its secondary sale.
The company recently submitted an application Ask a court in Florida to reject a lawsuit That invited this deel to Lowered money laundering.
