Papaya Global and Fortris partner to bring digital asset workforce payments to global companies

Papaya Global, the only dedicated payroll and payments platform for global workforces, and Fortris, a leading digital assets treasury operations platform, today announced a strategic partnership to allow multinationals to integrate digital assets into their payroll.

The partnership is a major step towards making digital asset salaries and bonuses a regular feature of compensation packages, driven by growing employee demand. It also reflects the increasingly widespread adoption of digital assets in corporate treasury operations.

Papaya Global's unified platform streamlines global payroll and payments for organizations operating internationally. Named as one of Fast Company’s 100 Most Innovative Companies of 2024, Papaya Global streamlines management of any organization’s entire global workforce on one unified, innovative platform, in over 160 countries.

Fortris, which has twice been recognized as one of Europe’s fastest-growing companies by London’s Financial Times, provides corporations with the tools to seamlessly integrate digital assets into their treasury operations, ensuring secure and compliant transactions and reporting.

The collaboration between Papaya Global and Fortris provides organizations with a way to pay employees either partial or full salaries using digital assets anywhere in the world. The partnership enables a secure and scalable process, minimizing operational complexity and allowing payroll teams to import the data directly into their existing back-office systems.

"Our mission is to make paying people around the world fast, accurate, and secure through innovation,” said Paul Gasbarro, SVP Global Sales at Papaya Global. “Our partnership with Fortris takes our solution to new geographical territories as well as the digital realm, to the utmost benefit of our customers."

Noah Herman, Fortris Chief Revenue Officer, said: “We are delighted to be working with Papaya Global to help multinationals seamlessly integrate digital assets into their renumeration packages. Payroll is one of a number of use cases where the time and cost efficiencies of digital assets can really make a difference to companies working across borders.”

About Fortris

Based in Málaga, Spain, Fortris is a leading provider of digital asset integration services for enterprise treasury operations.

Founded in 2017 by a team of payment and security veterans, Fortris gives organizations the technology and expertise to embrace digital asset transformation in a secure and simplified manner.

This comprehensive approach allows Fortris clients to handle a wide range of financial operations, from liquidity optimization to cross-border transactions, all within the digital asset framework.

Fortris is a member of AEFI (the Spanish Association of FinTech and InsurTech).

About Papaya Global

In an ever-expanding world economy, Papaya Global enables organizations to hire globally and pay locally, on time every time. Delivering full compliance and liability coverage, and supporting all employment models, Papaya's platform uses AI to consolidate and automate payroll and payments operations to seamlessly connect HR and Finance tech stacks. Streamlining these business-critical processes optimizes their efficiency and transparency, transforming workforce payments from an organization’s biggest expense and liability, into its strongest strategic asset.

Under the leadership of CEO and Co-Founder Eynat Guez, Papaya serves enterprise companies in 160+ countries worldwide. Its accolades include NetSuite International Partner of the Year, Leader in NelsonHall’s NEAT Matrix, and recognitions by top tier publications including Inc., Forbes, and CNBC.