Blue Owl Capital led the round with the participation of existing shareholders Rho Capital Partners, The Olayan Group and Hollyport Capital. The funding further strengthens CloudPay's capital base and provides flexibility for future growth opportunities.

CloudPay is an organisation united by a single purpose - to modernise the payroll experience, raising the importance of payroll beyond an operational function to become a true business advantage. With a proud heritage of over 25 years, CloudPay is trusted to manage the payroll processes of 250 global organizations, processing over 3 million payslips a year in over 130 countries, handling over $24 billion of payments in 168 currencies. Their integrated portfolio of payroll, payments and pay on-demand solutions are delivered through a single cloud-based platform that can be deployed anywhere in the world. By unifying payroll, payments and HCM functions and leveraging the latest technology, CloudPay can transform pay processes, making them fast and friction-free.