Deel automates one of the most boring aspects of business: compliance. After founding the Tel Aviv–based venture fund Sarona Ventures in 2016, France-born Bouaziz began hiring tech workers in places like Ukraine for his startups to keep costs low, only to realize how confusing and timeconsuming it was to pay them. To fix the problem, Deel has raised nearly $50 million from Andreessen Horowitz and others to automate the banal processes of creating employment contracts, managing wage payments and verifying workers’ identities to comply with international financial regulations. The MIT grad’s San Francisco–based startup works with hundreds of tax advisors across150 countries to ensure its 600 clients are compliant with international labor laws. “There’s a huge amount of companies figuring out how to hire remotely because of Covid,” Bouaziz says. With his software, “You can hire someone in a couple clicks.»
As North America settles in for a long pandemic winter, there are bright spots on the horizon. Hundreds of them. The 600 young entrepreneurs, activists, scientists and entertainers featured in our 10th Annual Forbes 30 Under 30 give everyone reason to hope. Some are defying the odds and building businesses despite Covid-19; others are helping to fight the illness, serving on hospital front- lines or working with A.I. to discover new drugs. This year they were photographed by one of their own: Mamadi Doumbouya, a 23-year-old immigrant from Guinea who appears in this year’s Art & Style group. Collectively, our Under 30 trailblazers have raised over $1 billion in venture funding and are proof positive that ambition and innovation can’t be quarantined.
Read the full list on Forbes: https://www.forbes.com/30-under-30/2021/
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Deel’s Alex Bouaziz On Becoming An Entrepreneur To Solve A Common Corporate Problem | Forbes