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Deel extends strategic investment in Alviere to boost flexibility and speed of worker payments

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Deel Team

Last Update

July 05, 2024

Deel announced today that it’s invested in leading embedded finance platform Alviere. The partnership further bolsters Deel’s commitment to unrivaled compliance and flexibility for workers in the US, giving them access to faster and more streamlined wage payouts and a wallet solution.

Alviere’s technology and compliance program has already been integrated into Deel’s platform since the beginning of the year, offering Deel customers and their teams a seamless HR & payroll experience. As a regulated financial institution, Alviere prioritizes compliance, security, and fraud prevention, providing Deel with an added layer of KYB/AML review.

Alviere’s comprehensive set of financial products, from wage payouts to a wallet solution with a virtual and physical card attached — including merchant cash back and Apple Pay capabilities — means more choice and convenience for Deel customers and their teams. Workers can access and store their wages through the Deel Wallet solution, in partnership with Alviere.

Deel’s payments business continues to expand both in the US and abroad. The company is investing more in compliance infrastructure and commercial relationships that will enable it to seamlessly deliver services to support workers around the globe. This includes Deel’s strategic investment in Alviere and applying for Money Transmitter Licenses throughout the US to support the company’s growing and evolving products and services.

See here for more information on the Deel-Alviere news, and check out more on Deel’s US Payroll and PEO solutions here.

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