Native Teams Secures €6.275 Million In Investment For Global Expansion

Native Teams announced the closing of a new investment round, supported by Eleven Ventures and Fil Rouge Capital as existing investors and MFG Invest, Begin Capital, and other companies as new investors. This investment round will help Native Teams enhance their financial services platform for better performance and expand in new global markets. 

As EOR (Employer of Record) services have become increasingly popular in the past couple of years, both new and existing investors are recognising Native Teams’ strategic position within the sector. With a very unique approach to the EOR market, Native Teams are bridging the gap between traditional EOR providers and conventional payment platforms. The highly flexible, transparent, and “employee-first” approach to work payments is just one of the factors that have contributed to the investors’ confidence in Native Teams’ vision and potential for growth.

What is Native Teams?

Native Teams is an all-in-one platform specialising in work payment solutions for freelancers, remote workers, and business owners. The company was founded in 2020 in the UK and North Macedonia and managed to expand to over 65 countries with local teams of more than 200 employees. 

Besides simplified tools and features to send and receive payments, invoice global clients, and manage funds in the preferred currency, Native Teams offers other global work solutions for both individuals and employers. The suite of solutions includes legal employment and compliance, UK legal entity formation and tax reporting, and global mobility solutions for simplified relocation.

What is in the future for Native Teams?

Since its establishment four years ago, Native Teams has been committed to offering its simplified payments platform to the modern workforce. With over 10,000 global users at the moment, the platform has received investors’ support to introduce further advancements and innovation in the work payments space.

The CEO and Founder of Native Teams, Jack Thorogood, highlights the investment round’s importance for the company, stating: 

“The market opportunity ahead of us is probably the biggest sector imaginable: redefining payments for work. This funding round lets our capital-efficient business take the next important steps as we serve ever-broader market segments, to a greater extent, and in a growing number of countries.” 

With the help of the investors, Native Teams will focus on enhancing and expanding their platform outside of the European region. The expansion will be mostly focused on the US market, India, and the wider Asian region.

With this expansion, Native Teams aims to empower even more individuals and business owners with a platform that revolutionises how they handle work payments and remuneration. 

Summing up

As the demand for global work solutions continues to grow, the Native Teams platform closes the gap between the most common challenges of the modern workforce. With a commitment to flexibility, simplicity, and innovation, Native Teams drives a significant change in how individuals and businesses manage their global payments, further shaping the future of global work.