Following a Series B funding round of 37 million euros, WorkFlex is investing in consolidating the fragmented European market for global mobility compliance.
WorkFlex, a B2B platform for automating compliance in cross-border work, has acquired the customer portfolio of Stuttgart-based rhome GmbH. WorkFlex already serves more than 500 companies—including BioNTech, Covestro, Flix, and Güntner—and, according to the company, has submitted more than one million compliance documents. Previous rhome customers include, among others, Pernod Ricard and the Haufe Group.
The acquisition is part of WorkFlex’s strategy to invest a portion of the 37 million euros raised in the Series B funding round completed earlier this year into consolidating the European market for global mobility compliance. The market has so far been fragmented among numerous technology providers that offer similar solutions for businesses. With this acquisition, WorkFlex is strengthening its position among providers of global mobility compliance software.
“Compliance for cross-border work is complex enough, and regulations are constantly changing. Our customers shouldn’t have to use a separate provider for A1, visas, and duty of care. That’s why we’re investing in a platform that covers everything under one roof,” says Pieter Manden, CEO and co-founder of WorkFlex. “rhome and WorkFlex were founded with the same mission: to help companies send employees abroad easily and in compliance with regulations. By switching to WorkFlex, rhome’s customers gain a platform that keeps pace with the regulations of individual countries and global regulatory changes, regardless of whether they send 100 or 5,000 employees abroad each year. Thanks to our Series B funding, we can continue to invest in exactly that.”
“We’ve always believed in this market: When compliance becomes easier, everyone wins. That’s exactly what rhome has aimed for from the very beginning. With WorkFlex, customers are in good hands, and we’ll make sure it stays that way,” says Jasper Roll, Managing Director of Haufe Group Ventures and an investor in rhome.
What the change means for rhome customers
Founded in Stuttgart in 2022, rhome developed software for workations, business trips, and assignments abroad. Its solutions included, among other things, automated applications for A1 certificates.
“Our top priority was to ensure that our customers are in good hands,” says Dr. Julia-Sophie Fuchs, founder of rhome. “Our customers range from small and medium-sized businesses to large enterprises. WorkFlex has the platform and the team to support them all with a single solution for their entire range of needs.”
Caption/Photo credits: Jasper Roll, Dr. Julia-Sophie Fuchs, Pieter Manden (from left to right). © WorkFlex