The work payment platform north of Macedonia, native teams, closes 2 million euros in a seed lap led by the Bulgarian VC Eleven companies. The Tour was joined by other leading funds, including the Croatia Fund, Red Capital, Haatch Ventures from the UK and US Fund Quake Capital. This is one of The biggest seed tours for a technological startup in the north of Macedonia.
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Native teams is the first financial platform that helps freelancers and workers remotely (plus their employers or customers) Manage work payments while remaining in accordance with local laws. The company focuses on the modern employee, where the advantages of localized work payments also include other fundamental advantages such as access to health care, pension plans and basic tax compliance.
The financial platform includes billing tools and payment request options, a multi-money portfolio, as well as a visa card. These are combined with employment as a service Style functionality that allows any user to have a “registration employer” in their country of tax residence.
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Founded in 2020 in Skopje, the native teams are now Available in more than 30 countries. Business has increased rapidly since then, marking the growth of 10x income in the first half of 2022 compared to the end of 2021. The native teams currently have more than 60 members of the team, based mainly in the Balkans but also in their target countries – From Portugal to Azerbaijan – to give a real “boots in the field” support to customers.
The new investment cycle will allow Aboriginal teams to continue to continue its fast growing trajectory, including a particular emphasis on the location of its services in addition to markets before a Complete global deployment in 2023. The increase has already seen native teams launching out in Nigeria as an initial foray beyond Europe and the team will soon present its first South American location.