Rise confirms its reputation as one of the world’s leading hybrid payroll platforms with new and revolutionary solutions. Its Employer of Record (EOR) is the only payroll service allowing employees to earn payments in either fiat or cryptocurrency. This exclusive feature is just one of the reasons behind Rise's stellar development, which recently helped the company surpass $500 million in total payroll volume paid to global teams.
Why Rise’s EOR Trumps the Competition
An Employer of Record (EOR) is a service that enables businesses to hire and manage employees in foreign countries without establishing a local entity. It also acts as the legal employer in those jurisdictions and handles administrative and compliance-related tasks. EOR is an excellent solution for companies operating with overseas contractors and employees, allowing them to focus on growth and strategy.
Navigating international hiring laws and payroll compliance remains one of the biggest challenges for scaling businesses. Hugo Finkelstein, co-founder and CEO of Rise, highlights how modern solutions simplify this process:
“Global hiring has always been challenging for businesses due to legal complexities and administrative burdens. Our Employer of Record services remove these barriers, enabling companies to hire top talent worldwide while staying fully compliant. This is a transformative step toward building a truly borderless workforce.”
By leveraging an Employer of Record (EOR), companies can expand globally without setting up local entities, making Finkelstein’s vision of a borderless workforce more achievable than ever.
Rise has established a solid position in the international workforce payments industry since its early days. The company is renowned for streamlining payments and compliance tasks, helping businesses worldwide pay their contractors and teams in local currencies.
However, innovation is key to remaining relevant and thriving in this increasingly competitive sector. That's why Rise created a unique Employer of Record that stands out from the services delivered by traditional payroll providers.
Rise's EOR goes further by offering payments in fiat and cryptocurrencies, including stablecoins, such as USDC. This feature is a game-changer for companies using blockchain technology and digital currencies regularly. It is equally important for contractors, teams, freelancers, and other cross-border employees, who can withdraw their earnings in their preferred currency. Notably, Rise allows you to withdraw in one of 90+ fiat options or over 100 cryptocurrencies.
Rise owns numerous entities in the United States, United Kingdom, and Canada, helping businesses employ talent without navigating complex labor laws or setting up costly local subsidiaries. Moreover, the company plans to expand to over 60 countries by 2025.
Rise's EOR service includes several perks for employers. The company handles the formalities in hiring overseas talent, such as KYC, AML, taxes, and employment contracts. Businesses can use this service to fund payroll in US dollars or USDC stablecoin and set up payments according to local requirements. Lastly, employees can withdraw earnings in the local currency or cryptocurrency.
Adding crypto payments to Rise's EOR service means Rise can ensure compliance with local regulations while providing payroll flexibility and competitive employee benefits. Ultimately, Rise's EOR caters to the increasing number of companies using modern global teams and reflects the growing adoption of crypto payments in the workforce.
About Rise
Rise is a hybrid payroll and international contractor payment platform for global teams with distributed workforces. The company provides several effective solutions to simplify payroll and cross-border payments while ensuring business compliance with laws and regulations in foreign jurisdictions.
Rise operates in 190 countries and provides several services besides its unique Employer of Record solution. The company's offer for globally expanding businesses includes Direct Payroll, accounting, cryptocurrency integrations, and advanced crypto payment options. After reaching $500M in payroll processed, Rise aims for $1 billion in total payouts, further cementing its reputation in the workforce payments industry.
Follow these official links to learn more about Rise and its services:
Website: https://www.riseworks.io/
Rise’s EOR: https://www.riseworks.io/products/employer-of-record
(X) Twitter: https://x.com/rise_pay
YouTube: https://www.youtube.com/@risepay