Olayan Splashes Money into CloudPay

Posted on 08/19/2021

CloudPay Inc. is an employee pay platform and the company raised US$ 58 million. The Olayan Group led the round and was joined by existing investors including Pinnacle Investment Partners, LP and New York-based Rho Capital Partners, Inc.

On May 3, 2018, CloudPay received US$ 25,000,000 in equity round of funding from Rho Capital Partners, Pinnacle Investment Partners and the new investor Hercules Capital, Inc.

CloudPay is headquartered in Andover, England. The company was initially formed in 1996 as Patersons Payroll Solutions Limited by Andrew Pearson. In October 2012, Patersons Payroll Solutions changed its name to CloudPay.

Keywords: CloudPay Solutions Limited.

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