Skuad

About Skuad

Skuad is a global human resource platform that simplifies international hiring and payroll for businesses. Founded in 2019 by Sundeep Sahi, the Singapore-based company was established to address the complexities of building distributed teams across different countries. Sahi, an entrepreneur and tech leader with over 20 years of experience in product, analytics, and technology, co-founded other ventures like Indifi and held executive roles at Microsoft and Airtel. Skuad's creation was driven by the vision that talent is universal, but opportunities are not, a situation exacerbated by the challenges of cross-border recruitment and payments.

The company operates on an Employer of Record (EOR) and Agent of Record (AOR) model, enabling businesses to hire full-time employees and contractors in over 160 countries without establishing local legal entities. This approach allows clients to circumvent the significant time and cost associated with setting up subsidiaries, opening local bank accounts, and navigating foreign legal and HR systems. Skuad manages the entire employment lifecycle, from onboarding and generating locally compliant contracts to handling payroll in over 100 currencies, benefits, taxes, and ongoing compliance with local labor laws. The company primarily serves small-to-medium-sized businesses, particularly in the tech and consulting industries, with a client base spanning North America, Europe, and Southeast Asia. Revenue is generated through a subscription-based model, with fees charged per employee or contractor managed through the platform.

Skuad's unified platform provides a centralized dashboard for managing a global workforce. Key features include automated payroll processing, multi-currency payments, tax management, localized benefits administration, and compliance monitoring. The platform also supports clients with visa and immigration processes and background checks. In October 2022, the company announced it was acquiring Codejudge, a data-driven talent assessment platform, to enhance its hiring and onboarding capabilities. After raising a total of $19 million in funding over two rounds, Skuad was acquired by the US-based financial technology company Payoneer in August 2024 for $61 million in cash, with potential additional performance-based payments. The acquisition integrated Skuad's services into Payoneer's offerings, and the company now operates as Payoneer WFM.