NickNack

History

2021: Papaya Global Bought NickNack

The Israeli company Papaya Global on November 17, 2021 announced the acquisition of a platform for remote operation of the NickNack. This deal marked the exit of the Russian Digital Horizon from the capital of the sold startup.

According to a press release, the acquisition strategically improves Papaya's technology solution for fast-growing companies that face the challenge of adapting employees in remote locations and integrating them into rapidly changing teams.

Papaya Global acquired NickNack

Papaya Global offers a human resources, payroll and payment management solution that supports all types of global employment (wages, EoR and contractors) in more than 160 countries to remove barriers to global hiring, improve collaboration and collaboration, and provide top-notch employment experience.

NickNack is a platform developer for connecting to remote work, designed to attract teams and employees outside of project management.

Today's post-pandemic world of hybrid work faces other challenges than just two years earlier. Global wage and labor management also involves providing our customers with the technology they need for their global payroll solution and to improve the experience of their employees, "said Einat Gez, CEO and co-founder of Papaya.

The NickNack solution turned out to be effective, helping remote teams recreate the chemistry and culture that existed when work was done from one central office, "Einat added. - We are very happy to present the technology and experience of NickNack on the Papaya platform for all our customers.

The acquisition came after Papaya completed a $250 million Series D funding round in September 2021, bringing the company's valuation to $3.7 billion, an almost tenfold increase from September 2020.^[1]

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