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It did not disclose other financial details of the transaction.
Skuad is currently being used by companies in countries across Southeast Asia, Africa and North America to build and pay their geographically distributed teams.
“With Skuad, we are on a mission to enable companies to build teams with global talent quickly while opening up amazing opportunities for top talent to realize their dreams to work for startups as well global companies even if they are not geographically co-located,” Sundeep Sahi, chief executive officer at Skuad, said in the release.
The Covid-19 pandemic has brought an unprecedented shift in how organisations are building teams and there is significant adoption of hiring great talent beyond the geographical boundaries. But, hiring in other countries is not only highly complex, it also has compliance risks associated with it.