Deel Secures Australian Financial Services Licence (AFSL), Marking Major Milestone in APAC Expansion
By Dominic Sow · 3 August 2025
Global payroll and HR company, Deel, has been granted an Australian Financial Services Licence (AFSL) by the Australian Securities and Investments Commission (ASIC). Deel is one of the first global HR companies to be granted this licence, which enables it to offer regulated financial services through its Australian entity.
This licence will allow Deel to expand its local offerings and build more seamless, end-to-end fintech experiences tailored to the evolving needs of its customers. It will enable Deel to:
- Offer a broader range of financial products. Future offerings may include features such as the ability to split income across multiple bank accounts, send money to friends and family locally or overseas and pay bills, all from the Deel platform.
- Operate independently, accelerating speed and reliability of its services
- Ensure complete visibility and control across its fintech product stack, improving service quality and reducing friction
- Build with confidence, having met the rigorous regulatory standards required by ASIC
“Securing an AFSL in Australia is a major milestone for Deel in Australia and part of our broader strategy to build licenced infrastructure in key markets” said Alex Bouaziz, co-founder and CEO of Deel. “It demonstrates the high level of trust and compliance we’ve achieved and enables us to move faster, build in new product areas, and serve our customers with even greater confidence.”
The AFSL accreditation marks a significant milestone in Deel’s journey, reinforcing its commitment to delivering trusted, compliant, and enterprise-grade financial services. This achievement follows a comprehensive process in close collaboration with regulators, underscoring Deel’s dedication to meeting the highest benchmarks of financial compliance.
In June, Deel – which serves 35,000 companies and 1.25m workers across 150+ countries – announced it surpassed $1bn revenue run rate. The company’s integrated product suite and owned infrastructure has reshaped how organizations hire, pay, and manage employees. It offers a unified product platform - eliminating the traditional patchwork of providers many companies used previously - as well as white label and unbundled services, driving long-term growth diversification.
With the Deel AFSL secured, the company strengthens its fintech foundation in Australia—meeting regulatory standards while delivering more agile, compliant services.
Companies in this story: Deel
People in this story: Alex Bouaziz