Skuad

Singapore, Singapore Founded: 2019 • Age: 7 yrs Acquired By Payoneer
Global HR platform automates remote payroll and compliance worldwide.

About Skuad

Skuad is a company based in Singapore (Singapore) founded in 2019 was acquired by Payoneer in August 2024. Skuad has raised $19 million across 2 funding rounds from investors including Payoneer, Rapyd and Anthemis Group. The company has 282 employees. Skuad operates in a competitive market with competitors including Remote, Connecteam, Remofirst, Chekhub and RemoteBridge, among others.

  • Headquarter Singapore, Singapore
  • Employees 282
  • Sectors
    Technology
  • Website category Jobs and Career · Jobs and Employment
  • Phone
    β€’β€’β€’β€’ β€’β€’β€’β€’
  • Website skuad.io
  • Social LinkedIn X Facebook Instagram
  • Acquired by Payoneer (Aug 2024)
  • Legal Name Skuad Lab India Private Limited
  • Date of Incorporation 31 Jan, 2020
  • Jurisdiction Gurgaon, Haryana, India
Key Metrics
  • Annual Revenue
    ₹43.85 Cr

    FY 2025 · +166% YoY

  • Net Loss
    -₹5.70 Cr

    FY 2025 · -13% margin

  • EBITDA
    -₹4.52 Cr

    FY 2025 · -10% margin

  • Total Equity Funding
    $19M (USD)

    in 2 rounds

  • Latest Funding Round
    $15M (USD), Series A

    Apr 2022

  • Investors
    Payoneer

    & 8 more

  • Employee Count
    282
  • Acquired by
    Payoneer

    (Aug 2024)

Funding Insights of Skuad

Skuad has successfully raised a total of $19M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $15 million completed in April 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

  • Total Funding $19M
  • Total Rounds 2
  • Last Round Series A β€” $15M
  • First Round $4M

    (Dec 2020)

  • Investors Count 8

All 2 funding rounds of Skuad with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Apr 2022$15MSeries A–Go Ventures
Dec 2020$4MSeed–Beenext, Anthemis Group
Valuation history

9 investors in total: 8 institutional and 1 angel.

Investors in Skuad

Skuad has secured backing from 9 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Payoneer, Rapyd and Anthemis Group.

All
Venture Fund
Institutional
Angel
InvestorDescriptionFounded YearDomainLocation
Early-stage venture capital fund
–beenext.comSingapore, Singapore
Early and growth-stage startups are funded by Anthemis Group.
2008anthemis.comLondon, United Kingdom
Venture capital firm focused on multiple sectors
–alto-partners.comSingapore, Singapore
Big data analytics, staffing, and digital transformation services are provided.
1999mindlance.comUnion City, United States
-
–goventures.com-
Venture capital firm focused on early-stage and growth stage investments
–boleh.xyzSingapore, Singapore
Global payment solutions are provided by Rapyd to businesses worldwide.
2016rapyd.netLondon, United Kingdom
Cross-border payments are enabled for businesses via diverse payout methods.
2005payoneer.comNew York, United States

Rohan Monga

Angel investor, ex-CEO of Hugosave, focused on fintech and consumer tech startups.
–unknown_e0b927cb68d24ea29-
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Investor details for Skuad

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Board of directors of Skuad Lab India Private Limited (Skuad)

Skuad Lab India Private Limited is the primary company behind Skuad. The board of Skuad Lab India Private Limited currently have 2 directors; the longest-serving is Rohit Singh, appointed in 2020. 4 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Rohit Singh
DIN 08754080
Director09 Jun 20206 yrs 4 moSkuad Lab India Private Limited
Akul Narang
DIN 10305940
Additional Director01 Sep 20233 yrs 1 moSkuad Lab India Private Limited

People of Skuad

36 people are tracked at Skuad (11 in leadership, 25 in team); the tracked headcount is 282.

NameRoleGroup
Ram Lichtman
VP, Sales - AmericasLeadership
Stavros Theocharis
Head Of Legal Ops - EMEA & LatamLeadership
Uma R.
Director - Strategic Initiatives - Product & OperationsLeadership
Rohan Salecha
Head Of FinanceLeadership
Paridhi Singhal
Director of Customer GrowthLeadership
Kay Charmaine Peñol
Head of FinanceLeadership
Rakesh Sharma
VP, EngineeringLeadership
Arun K.
Regional Director Of Sales -americasLeadership
Somya Singh
Director SalesLeadership
Tushar Poddar
Director - Strategy & Operational ExcellenceLeadership
Anshu Panami
Director - Global TaxLeadership
Ganesh K
Digital Marketing ManagerTeam
Vinay Nijhawan
CHROTeam
Upma Jindal
Assistant Manager - Treasury & Foreign ExchangeTeam
Pawan Janapareddy
Sr. Associate - Digital MarketingTeam
Ganiv Chadha
Senior Growth Specialist - Marketing & CommunicationsTeam
Shilpi Bisht
Growth ManagerTeam
Rosemarie Manzon
Finance ManagerTeam
Radhika Sharma
Payroll AnalystTeam
Mudit Mahesh
Manager - Strategy And TransformationTeam

16 more people are available in the full profile.

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Financials of Skuad

Figures of Skuad Lab India Private Limited, the primary company behind Skuad, for FY 2025. Revenue was ₹43.85 Cr (+166% year on year). Net loss was -₹5.70 Cr (-13% margin). EBITDA was -₹4.52 Cr (-10% margin). Revenue has grown at a compounded annual rate of +34% over three years.

  • ₹43.85 CrRevenue · FY 2025 · +166% YoY
  • -₹5.70 CrNet loss · -13% margin
  • -₹4.52 CrEBITDA · -10% margin
  • ₹1 LakhPaid-up capital
  • 282Employees (provident fund records)
  • +34%Revenue CAGR, 3 years

Balance sheet, profit and loss, cash flow and ratios of Skuad Lab India Private Limited are on its company page.

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Detailed financial statements for Skuad

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Timeline of Skuad

4 dated milestones of Skuad across 5 years, from founding to its latest funding, stage changes and deals.

  1. Founded Skuad is founded.
  2. Funding First funding round of $4.0M.
  3. Funding Latest funding round, Series A, of $15.0M.
  4. Exit Acquired by Payoneer.

Competitors of Skuad

Skuad operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Remote, Connecteam, Remofirst, Chekhub and RemoteBridge, among others.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
remote.com2019Amsterdam, Netherlands$506.05M1,132
Cloud-based HR software is offered for distributed teams.
connecteam.com2014New York, United States$157.3M–
White-label mobile apps for employee engagement are provided to organizations.
remofirst.com2021San Francisco, United States$39.38M–
Cloud-based HRMS platform is offered for remote teams.
chekhub.com2020Raleigh, United States––
Cloud-based business management software is provided by Chekhub.
remotebridge.com2020Santa Barbara, United States––
Virtual onboarding solutions are offered for metaverse enterprises.
outstaffer.com2019Cremorne, Australia$1.5M–
Cloud-based HRMS platform for remote teams
beyondhq.co2018San Francisco, United States–7
Remote workforce management software is offered online for enterprises.
gigsboard.com2019Kochi, India$100,000–
Virtual teams are managed via a cloud-based platform.
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Detailed competitors of Skuad

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Web traffic of Skuad

The website of Skuad (skuad.io) receives about 192.2K visits a month and ranks #208,819 among all websites worldwide, #2,976 in Jobs and Employment.

  • Monthly visits
    192.2K

    ▲ 7.2% vs previous month

  • Unique visitors
    60.5K

    per month

  • Global rank
    #208,819

    among all websites

  • Category rank
    #2,976

    Jobs and Career · Jobs and Employment

Similar websites

Websites whose visitors overlap most with Skuad. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
aiqusearch.com
100%
17.9K#1,371,294View details
omnipresent.com
100%
51.3K#632,420View details
workmotion.com
98%
80.5K#499,349View details
nativeteams.com
98%
164K#292,532View details
adecco.co.th
adecco.co.th
98%
–#1,433,735–
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
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  • Audience overlap
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Latest news on Skuad

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Complete news archive for Skuad

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  • Source and publication date
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Similar companies to Skuad

10 companies that operate in the same segment as Skuad (HR & Workforce Technology), ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Anonymous employee reviews and job search platform are operated.
2007San Francisco, California, United StatesUSD 201.5 M––
Cloud-based LMS platform for IT industry
2004Farmington, United StatesUSD 235.41 MUSD 4.95 M260
Employee health benefits are facilitated via a cloud-based platform.
2007Plymouth Meeting, Pennsylvania, United StatesUSD 228.3 M––
Business spends, payments, and rewards are streamlined by automated workflows.
2011Hyderabad, Telangana, IndiaUSD 13.75 MUSD 149.43 M431
Virtual physical therapy and digital pain care solutions are provided.
2015San Francisco, California, United StatesUSD 854.44 M––
Cloud-based HR and financial software is delivered to enterprises.
2005Pleasanton, California, United StatesUSD 352.3 MUSD 9.53 B20,400
Businesses are connected with freelancers via an online marketplace.
1999San Francisco, California, United StatesUSD 140 MUSD 787.78 M600
Tech-enabled mental health solutions for employers are provided.
2016New York, New York, United StatesUSD 508.73 M––
SaaS-driven credit card and spend management solutions platform for businesses
2017Draper, Utah, United StatesUSD 1.16 B–1
Cloud-based HRMS software is offered for small and medium-sized businesses.
2016Barcelona, Catalonia, SpainUSD 369.25 M––
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Frequently Asked Questions about Skuad

Skuad was founded in 2019 and raised its 1st funding round 1 year after it was founded.

Skuad is headquartered in Singapore, Singapore.

Skuad is a funded company, having raised a total of $19M across 2 funding rounds to date. The company's 1st funding round was a Seed of $4M, raised on Dec 2020.

Skuad has 282 employees.

The primary company behind Skuad, Skuad Lab India Private Limited, reported revenue of β‚Ή43.85 Cr for FY 2025, up 166% year on year.

Skuad is a global human resource platform that automates payroll management, local compliance, and taxation of your employees. It makes remote employment possible in 160-plus countries worldwide. The company helps employers build and pay their remote workforce, seamlessly, without needing to set up local entities. They make hiring and paying full-time employees and contractors seamless. Its headquarters is in Singapore, Central Singapore. Sundeep Sahi is the Co-Founder CEO of Skuad. The company has raised a total of dollar 4 million in funding. It has 100 plus employees working in the organization.

Skuad's top competitors include Remote, Connecteam and Remofirst.

Skuad has 9 investors. Key investors include Payoneer, Rapyd, Anthemis Group, Mindlance, and Beenext.

Skuad operates through Skuad Lab India Private Limited.

Yes. Skuad was acquired by Payoneer in August 2024.

The legal entities of Skuad currently have 2 directors, including Akul Narang, Rohit Singh.

The website of Skuad receives about 192 thousand visits a month and ranks #208,819 among all websites worldwide.

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