Papaya Global, which specializes in providing payroll management and global payment solutions for corporate clients, is reportedly in advanced acquisition negotiations. Valuation estimates suggest the deal could be worth between $3.5 billion and $4.5 billion.
Industry sources indicate that Papaya Global is currently in discussions with several international entities, including private equity firms and enterprise software providers such as SAP and Oracle, according to Calcalist reports.
Potential Acquisition and Future Strategy
Papaya Global was established with the aim of offering secure and efficient software solutions for payroll management. It also caters to a business-to-business (B2B) segment.
The company has recently partnered with Worksome, launching an integrated platform in July 2025 aimed at simplifying the process of managing and compensating contingent workers globally. The partnership introduced features such as local currency payments, agent-of-record (AOR) and employer-of-record (EOR) capabilities, real-time payments, and worker classification tools.
In April, Papaya Global partnered with AKT to integrate workforce payment solutions into SAP’s SuccessFactors and Fieldglass platforms. This collaboration was designed to streamline global workforce management and payment processes across various industries, showcasing the companies’ shared commitment to supporting clients’ workforce payment strategies within the SAP ecosystem.
