Deel
Payroll for 1.5M global workers; issued its own DLUSD stablecoin on Stripe's Bridge + Privy + Tempo stack.
1.5M workers; DLUSD on Bridge+Privy+Tempo.
- Who holds it
- A licensed crypto-asset custodian holds the assets on your behalf — MSB + US state money-transmitter licenses (DPayments); US wallet via Alviere/CFSB; DLUSD via Bridge.
- The ledger
- The custodian’s books, reconciled against on-chain balances.
- If it fails
- Recovery hinges on the custodian’s solvency and how cleanly client assets are segregated.
Derived from Deel’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | hybrid · freelancers & creators |
| HQ | San Francisco, US |
| Founded | 2019 |
| Custody | Custodial |
| Regulation type | VASP / MSB / crypto licenses |
| License detail | MSB + US state money-transmitter licenses (DPayments); US wallet via Alviere/CFSB; DLUSD via Bridge |
| Card | No card |
| Yield | Rewards on DLUSD |
| Stablecoins | Yes |
| KYC | Yes |
| Active regions | North America, Europe, Latin America, Asia, Africa, MENA, Oceania |
| Countries | United States, United Kingdom, European Union, Brazil, India, Philippines, Nigeria, Australia, Canada, UAE, Singapore, Global |
| Founders | Alex Bouaziz, Shuo Wang |
| Funding | ~$680M raised |
Verified links: official site ↗ · terms ↗ · privacy ↗ · @deel ↗
Common questions about Deel
What is Deel?
Deel is a fiat-and-crypto neobank built for freelancers & creators, headquartered in San Francisco, US and founded in 2019. Your money is held custodially, so Deel or its partner bank holds the balance and you hold a claim on it. It holds VASP / MSB / crypto licenses (MSB + US state money-transmitter licenses (DPayments); US wallet via Alviere/CFSB; DLUSD via Bridge).
Does Deel have a card, and where can you use it?
It issues no card of its own. It is available in 12 countries, across all 7 world regions tracked here.
Does Deel require KYC?
Yes. Deel requires identity verification (KYC) to open an account, as a vasp / msb / crypto licenses.
What does Deel cost?
From the verified fields: yield Rewards on DLUSD. Cashback and yield are "up to" figures that change constantly and often depend on a paid plan — confirm current terms with Deel before relying on them.
Early investors
Head-to-head
Deel vs Meru · Deel vs Airtm · Deel vs Takenos
Peers
Revolut · Cash App · Mercado Pago · Mogo · Venmo · Robinhood
Deel appears in
Neobanks operating under crypto and money-transmitter licenses (25) · Neobanks available in North America (126) · Neobanks available in Europe (144) · Neobanks available in Asia (132) · Neobanks available in Oceania (72) · Neobanks available in Latin America (113) · Neobanks available in Africa (92) · Neobanks available in MENA (85) · Neobanks for freelancers and creators (15) · Neobanks with no card of their own (67) · Neobanks in United States (66)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.