ZEDRA Enhances Presence With Axelia Partners’ U.S. Acquisition
ZEDRA, a global specialist in Global Expansion and Corporate Services, Active Wealth, and Fund Solutions, announced the acquisition of Axelia Partners in the United States.
Headquartered in Boston, Massachusetts, Axelia Partners facilitates the U.S. expansion of predominantly European headquartered businesses and entrepreneurs by providing all the administrative and accounting services necessary to operate compliantly in the United States. Services include payroll, accounting, tax compliance, and more.
The additional footprint of Axelia Partners, according to the company, will enhance ZEDRA’s capabilities to further support companies from all over the world expanding into other territories globally. ZEDRA currently operates with a team of 680 industry experts across 16 countries spanning the Americas Asia, Europe, and Oceania (a region in the Pacific Ocean consisting of four subregions: Australia and New Zealand, Polynesia, Melanesia, and Micronesia).
“We are delighted to welcome Axelia Partners to ZEDRA,” said Ivo Hemelraad, ZEDRA CEO. “The U.S. is a key market for us, following the acquisition of Fitzgerald & Law in 2020, when we started to expand our corporate services reach to the U.S. West Coast. Now, with the addition of Axelia Partners, we have a lead operation in the U.S. for corporate services.”
Visit www.zedra.com for more information.
CloudPay Partners With Visa to Reduce Payment Cycles
CloudPay, a global employee pay provider, announced a new partnership with Visa to reduce payroll payment cycles, which typically take two to three days through banking systems, down to seconds.
The new digital payment method makes salary payments direct to employees’ debit or credit cards using Visa Direct, Visa’s real-time push payment platform. Visa Direct, according to the company, leverages the payment provider’s powerful, global network to facilitate fast digital payments worldwide with security and compliance controls.
CloudPay also offers a global FinTech mobile app connected to Visa Direct. According to the company, employees use the CloudPay NOW app to make fast pay-to-card payments from their earned wages before payday anytime, anywhere. Earned wage access (EWA) is a low-cost, high-value benefit that enables employers to address new employee expectations, specifically on-demand access to wages earned.
“By combining the end-to-end service of global payroll, payments and earned-wage access, CloudPay continues to innovate the modern pay experience for employers and employees,” said Paul Bartlett, CloudPay CEO. “We are delighted to break new ground with Visa Direct and look forward to continuing to do so.”
Visit www.cloudpay.com for more information.
Neeyamo Strengthens Presence in LATAM With Mexico Delivery Center
Neeyamo, Inc., a provider of global technology-enabled payroll solutions for multinational and micro multinational corporations worldwide, announced the inauguration of its new global delivery center in Puebla, Mexico. According to the company, the new state-of-the-art delivery center will leverage highly-skilled talent with multilingual capabilities to provide payroll services to its clients in the Latin America (LATAM) region.
The center will employ 150 professionals and will be equipped to offer global payroll, human resources (HR) management, and background check services. The number of Mexican employees is projected to double by the end of 2022.
“The opening of the Neeyamo Center in Mexico will strengthen our rapidly growing presence in LATAM,” said Vivek Khanna, President and Chief Partner of Neeyamo. “The investment in the new center will enable us to offer localized support to our existing customers while pursuing Neeyamo’s vision of creating a strong value proposition for organizations in the region. We have already assembled a team of experts who are fluent in English, Spanish, and Portuguese with extensive experience in global payroll and helpdesk processes.”
Visit www.neeyamo.com for more information.