Native Teams Raises £6.2M to Revolutionize Remote Work Payments

Native Teams, based in London, has successfully raised £6.2 million in order to increase compensation for the new world of work. Native Teams, a platform that facilitates work payments for freelancers, remote workers, and business owners, has successfully raised an additional round of funding reaching a total of £6.275 million. This investment will enable Native Teams to propel its ambitious goals to become the platform of choice for work payments.

Existing investors Eleven Ventures and Fil Rouge Capital, as well as new investors MFG Invest and Begin Capital, amongst others, provided financial backing to the startup company. It is an acknowledgment of Native Teams' ongoing commitment to improving their financial services platform in order to achieve greater product performance in their major regions, as well as the further expansion of the business into Asia, that the new investment has been made.

Native Teams is an industry leader in the provision of work payment solutions, which assist individuals and corporations in rationalizing worldwide compensation through the utilization of a centralised platform. The business was established in the year 2020, and since then, it has rapidly spread to more than sixty-five nations, employing more than two hundred people across the world in their various target areas.

Native Teams occupies a distinct position between traditional EOR providers on the one hand and more generalist payment platforms on the other. This is despite the fact that the EOR (Employer of Record) industry as a whole has become more established over the course of the past several years. A very flexible, transparent, and 'employee-first' strategy that is committed to work compensation is made possible as a result of this phenomenon.