Case Study: Dragonfly Financial Technologies retains global talent during divestiture with Pebl Velocity Global

How we worked with Dragonfly to transition talent during a divestiture

Dragonfly Financial Technologies, a company undergoing a spinout from a global payments firm, faced the challenge of quickly transitioning its international workforce during a divestiture without disrupting operations. The company lacked its own legal entities in several key countries and needed to retain niche technical talent by replicating their benefits and ensuring visa continuity to protect vital client relationships. They turned to the vendor, Pebl Velocity Global, for its Employer of Record (EOR) service.

Pebl provided a solution that handled all onboarding, visa processing, payroll, benefits, and compliance, with a particular focus on navigating Singapore's Employment Pass process. This ensured a seamless and compliant transition for employees across five countries before the deal's closing date. As a result, Dragonfly retained all of its critical international talent on schedule and was able to complete its divestiture without disruption. The success of Pebl's support lifted a major operational burden from Dragonfly's team and has opened the door for the company to use the EOR service in new markets.

Dragonfly Financial Technologies

Ellen Bockelman

Chief People Officer