Growth capital and a new customer for beqom

Nyon-based beqom develops and commercialises total rewards management software solutions to help companies manage all forms of compensation. Today, the company handles compensation for over 120 large enterprises across all industries, including leading energy and utility companies such as BP, Hera, Total, and Veolia. Daimler, McDonald’s, Fujitsu, and PepsiCo also trust beqom.

For the financial sector, the company offers beqom FlexFS, used by financial services firms around the globe, including some of the world’s largest banking and investment firms. The company works alongside Human Capital Management (HCM) platforms to manage compensation strategically and help companies stay competitive in the global marketplace.

To accelerate its growth, beqom has obtained financing from Golub, a market-leading, award-winning direct lender and credit asset manager, with over $40 billion of capital under management and more than 550 employees. Golub Capital’s Late Stage Lending group offers growth debt opportunities to venture-backed, late-stage SaaS companies. The firm’s flexible credit solutions offer entrepreneurs and executives the opportunity to finance their future without diluting their ownership.

In addition to the capital, Golub is also entering a partnership to make beqom its Golub Capital’s central platform for salary, bonus, and long-term incentive (LTI) compensation processes.

“We are honoured to be a true partner with the team at Golub Capital,” says Vismay Gada, Head of North America and Global Financial Services at beqom. “Golub joins the growing ranks of financial services firms worldwide who are trusting beqom with their compensation management. Their investment in beqom, along with their adoption of our compensation solution, is a double vote of confidence.”

(Press release/RAN)