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WorkFlex, an Amsterdam-based platform for worldwide journey compliance administration, immediately introduced that it has secured a €37 million strategic development funding led by Spectrum Fairness, a Boston-based development fairness agency.
The brand new funding will allow WorkFlex to speed up its growth throughout Europe, improve product capabilities, and enterprise into associated areas of mobility threat administration.
“We’re constructing the automation layer for cross-border compliance. Enterprises want programs that combine and operationalise compliance selections at scale. This funding permits us to develop internationally and proceed growing our platform for globally working organisations,” mentioned Patrick Koch, co-founder of WorkFlex.
Based in 2022 by Pieter Manden and Patrick Koch, WorkFlex is a European expertise platform for enterprise journey and workforce mobility compliance. The corporate presents structured digital expertise that permits enterprises to deal with cross-border compliance obligations in a scalable and audit-ready manner.
The corporate states that as world enterprise journey grows and cross-border work turns into extra frequent, corporations are encountering larger complexity in dealing with tax, social safety, immigration, and labour regulation necessities throughout completely different jurisdictions. In 2024, European residents undertook over 120 million enterprise journeys, in response to Eurostat, leading to hundreds of thousands of potential compliance occasions for worldwide employers.
WorkFlex claims that its compliance threat engine allows organisations to handle these obligations by way of automated compliance workflows and audit-ready documentation. The platform helps processes similar to A1-Certificates and Certificates of Protection (COC), Posted Employee Directive (PWD) notifications, visas and tax publicity assessments.
“Each cross-border work occasion triggers a series of authorized and compliance penalties. Corporations want programs that make these selections constant, traceable and defensible. Compliance can’t dwell in spreadsheets and inboxes anymore – it wants expertise,” mentioned Pieter Manden, co-founder of WorkFlex.
The Dutch startup additionally not too long ago launched an SOS answer that additional helps organisations fulfil their duty-of-care tasks by maintaining travelling workers knowledgeable and enabling corporations to reply rapidly when conditions escalate.
WorkFlex is a founding member of the World Mobility Alliance, a partnership that features notable trade gamers similar to Lufthansa, Siemens, and Personio. In line with the corporate, this alliance fosters insightful dialogues and analyses relating to legal guidelines, insurance policies, traits, and modern options associated to cross-border HR compliance.
“From our multi-decade expertise investing in compliance and data corporations, we see how platforms like WorkFlex can grow to be mission-critical expertise. As regulatory complexity and enforcement improve, organisations want programs that operationalise compliance throughout jurisdictions. WorkFlex has constructed a differentiated platform on this rising class, and we’re excited to help the group as they scale,” mentioned Parag Khandelwal, Managing Director at Spectrum Fairness
At the moment, WorkFlex processes greater than 100,000 cross-border journeys yearly, with quantity rising greater than 250% year-over-year throughout over 1,000 distinct nation mixtures. It has over 500 enterprise prospects worldwide, together with Deel, Otto Group, BioNTech, Scout24, dm, and Flix. It has a globally distributed group of over 100 workers and is supported by Spectrum Fairness, Visionaries Membership, s16vc, and numerous notable expertise founders.
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