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Switzerland based employee compensation startup beqom has raised $35m in new venture funding from Goldman Sachs. Created in 2009, beqom’s total compensation and performance management solution enables large global organizations to manage the reward of their people without compromise.
beqom’s growth strategy has been focused on building a strong foundation of industry leaders successfully driving value from the beqom solution. Currently beqom is managing about 2 million payees on its platform annually. While impressive, there are still over 130 million employees of the world’s largest companies for whom beqom is a perfect fit. “With this foundation, made of a unique solution, well-known loyal customers and a strong employee culture, it‘s time for us to tell all the large enterprises worldwide what we can do for them and their employees” says Fabio Ronga, beqom CEO. “While this will translate into an acceleration of growth, it requires investments that we couldn’t self-finance”.
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