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AI & Enterprise

Deel to host \'The Pitch\' global startup tournament

HR and payroll management platform Deel will hold a global startup tournament, \'The Pitch\', aimed at discovering and supporting promising startups worldwide. The program targets more than 20,000 seed-stage startups across 7 regions and has a total investment of $15 million. Up to 100 regional winners will each receive $50,000. Up to 10 global champions will receive an additional $1 million. Asia-Pacific applications close on April 22.

Crypto

MoonPay builds stablecoin payroll system to support 40,000 firms in UK, EU

MoonPay will support a stablecoin-based payroll system for 40,000 companies in the UK and the European Union, The Block reported on Feb. 10. Companies can use MoonPay\'s fiat infrastructure subsidiary Iron and payroll and HR platform Deel to pay employees directly in stablecoins. Iron CEO Max von Wallenberg said Deel aims to build a large-scale stablecoin payroll system and target $22 billion in global payroll processing by 2025.