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Why does every startup want to help you get paid?
This week, we're looking at the piping hot global payroll space, neobank Dave's financial results and related stock boost, and more!
For starters, Deel announced it is acquiring African-based payroll and HR software and services company PaySpace in its largest acquisition to date. Neobank Dave told us via email that it had achieved profitability for the first time as a public company, notching adjusted EBITDA of $10 million in the fourth quarter and GAAP net income of $200,000. Paris-based business banking startup Qonto is using an undisclosed portion of its cash reserve to acquire Regate, an accounting and financial automation platform.
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