Remote work revolution helps Deel reach $295M in ARR

Fintech-turned-HR outfit Deel reached $295 million in annual recurring revenue (ARR) by the end of 2022, the company’s co-founder and CEO Alex Bouaziz shared today.
That’s up 417.5% from $57 million in ARR achieved at the end of 2021.
The massive jump in ARR is impressive by normal standards but particularly so considering the challenging macroenvironment that startups everywhere faced last year. Deel says it calculates ARR as monthly recurring SaaS revenues x 12. Bouaziz told TechCrunch that a bulk of its ARR is from the company’s EOR (Employer of Record) business. 
Bouaziz also today c

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