CloudPay Strengths, Domain Expertise, and Key Differentiators
CloudPay’s competitive edge lies in its unified, cloud-based platform that seamlessly integrates payroll, payments, and on-demand pay across over 130 countries. Its advanced API integrations with major HCM systems like Workday and Oracle ensure robust data synchronization, reducing operational inefficiencies. The company’s 99.9% accuracy and timeliness SLA, coupled with a workforce of over 1,350 global experts, positions it as a trusted partner for multinational enterprises.
CloudPay, as a provider, steers global enterprises with foresight and attentiveness toward delivering the comprehensive pay experience rightfully deserved by their employees. Through a unified solution, CloudPay seamlessly connects all aspects of employee pay processes, encompassing payroll, payments, and on-demand pay. The company offers end-to-end managed payroll services via an innovative platform, ensuring uniform and compliant payroll operations worldwide. This approach contributes to cost reduction and the streamlining of manual processes. Notably, CloudPay's solution guarantees precise payroll processing across 130+ countries and supports over twenty-five languages.
CloudPay Recent Developments
In 2024, the company secured a $120 million funding round, enhancing its ability to scale AI-driven payroll automation and API connectivity. Additionally, CloudPay achieved Platinum Partner status with Workday, streamlining integrations for global payroll processes. The launch of enhanced features in CloudPay NOW, its earned wage access platform, further demonstrates its commitment to employee financial wellness, catering to evolving workforce expectations for flexible pay solutions.
In July of 2023, Claro Wellbeing, the financial well-being platform, unveiled a fresh collaboration with CloudPay. This innovative partnership offers users of CloudPay NOW an extra layer of financial guidance and assistance, especially valuable in times when budgets are under growing strain.
In July 2021, CloudPay unveiled its most recent solution, CloudPay NOW, as an integral component of its extensive portfolio. This cutting-edge platform is expressly designed to address the financial wellness challenges linked to modern employee pay experiences.
CloudPay Mergers and acquisitions (M&A) Activities
In 2024, the company secured a $120 million funding round, enhancing its ability to scale AI-driven payroll automation and API connectivity. Additionally, CloudPay achieved Platinum Partner status with Workday, streamlining integrations for global payroll processes. The launch of enhanced features in CloudPay NOW, its earned wage access platform, further demonstrates its commitment to employee financial wellness, catering to evolving workforce expectations for flexible pay solutions.
In July of 2023, Claro Wellbeing, the financial well-being platform, unveiled a fresh collaboration with CloudPay. This innovative partnership offers users of CloudPay NOW an extra layer of financial guidance and assistance, especially valuable in times when budgets are under growing strain.
In July 2021, CloudPay unveiled its most recent solution, CloudPay NOW, as an integral component of its extensive portfolio. This cutting-edge platform is expressly designed to address the financial wellness challenges linked to modern employee pay experiences.
CloudPay Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying CloudPay applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of CloudPay and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified CloudPay customers.
CloudPay Overview
Ownership: - The Olayan Group, Pinnacle Investment Partners, Rho Capital Partners, Runway Growth Capital and others.
Number of Employees: 1350
Functional Market: Payroll,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction and Real Estate, CPG, Distribution, Education, Government, Healthcare, Insurance, Leisure and Hospitality, Life Sciences, Manufacturing, Media, Non Profit, Oil Gas Chemicals, Professional Services, Retail, Transportation, Utility,
CloudPay Key Cloud and HCM Applications
CloudPay
CloudPay HCM and Cloud HCM Applications Revenues, $M:
| Type/Year | 2023 | 2024 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| HCM Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
CloudPay Revenue Breakdown by Type:
CloudPay HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets | % of HCM Revenue in the HR Segment | 2024 HCM Revenues, By HR Segment, $M | |
CloudPay HCM Applications Revenues By Verticals, $M:
CloudPay Total and HCM Applications Revenues by Region:
| Region | % of Total Revenues | 2024 Total Revenues, $M | 2024 HCM Applications Revenues, $M |
|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe |
CloudPay Direct vs Indirect sales
| Type | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
CloudPay Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified CloudPay Customers
No. of CloudPay Customers: 2500
No. of CloudPay HCM Applications Customers: 2500
No. of CloudPay Cloud HCM Customers: 2500
No. of CloudPay Cloud HCM Subscribers: x
CloudPay serves over 280 multinational organizations, including industries such as Visa, Expedia, GSK, Ralph Lauren, and Airbnb. Its client base spans sectors such as retail, healthcare, technology, and luxury goods, with a focus on enterprises requiring complex, compliant payroll solutions across multiple geographies.
Recently, the organization added distinguished clients to its expanding customer base, which now exceeds 2,500. Notable additions include Agoda, Elanco, IFS, Thomson Reuters, VISA, Colt, and numerous others.
CloudPay Market Opportunities, M&A and Geo Expansions
CloudPay is positioned to benefit from the projected growth of the global payroll market, with increasing demand for integrated payroll and HCM solutions across both mature and emerging markets. The company has attracted significant capital investment from firms such as Runway Growth Capital and The Olayan Group, fueling product development and global expansion. Recent leadership changes include the appointment of a new CEO to guide its next phase of growth. CloudPay NOW, featuring on-demand pay and financial wellness tools, differentiates the company in a market emphasizing employee-centric services. Its platform supports treasury services in over 130 countries and 168 currencies, with a strategy focused on automation, AI integration, and support for SME digital transformation.
CloudPay Risks and Challenges
CloudPay operates in a competitive global payroll environment alongside incumbents such as ADP and Paylocity, as well as newer fintech entrants. The company must address persistent cybersecurity threats targeting sensitive payroll data, which could undermine confidence in its cloud-based offerings. Navigating regulatory requirements in over 130 countries requires sustained investment in local compliance capabilities. Economic volatility may influence enterprise spending decisions, potentially delaying adoption of advanced payroll solutions. In the Asia-Pacific region, CloudPay’s Payroll Efficiency Index provides region-specific insights, but inaccuracies in its interpretation could affect the company’s strategic positioning and growth in this diverse and complex market.
CloudPay Ecosystem, Partners, Resellers and SI
CloudPay has established a series of strategic partnerships to enhance its global payroll and employee payment capabilities. Collaborations with Instant Financial and Nuvei expand earned wage access and enable rapid salary disbursement through mechanisms like Visa Direct, reducing payment times significantly. An alliance with Perkbox integrates CloudPay NOW into global reward platforms, offering financial flexibility as a workplace benefit. Integration efforts with major HCM providers, including Workday, SAP SuccessFactors, and Oracle, support streamlined data exchange and interoperability across enterprise systems, reinforcing CloudPay's role in delivering unified, cross-border payroll solutions.
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
https://www.appsruntheworld.com/taxonomy
https://www.appsruntheworld.com/FAQ
