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After launching his company Panther in June, Redler messaged Calanthia Mei, the head of strategy at Silicon Valley startup Fast, with a simple statement.
November 05, 2020
The idea for Matt Redler's startup came from an unlikely source: the failure of his first startup, which folded in March at the start of the Covid-19 pandemic.
September 15, 2020
Panther licenses entities around the world that act as the local employer-of-record for your employees. Your team will be on our payroll, eliminating your need for navigate foreign subsidiaries. We take care of local compliance, social and pension contributions, and income tax retention. They work for you as any other employee.
Employees engaged through Panther will sign a standard local employment contract with us that specifies their rights, their duties as a member of your team, and assigns all intellectual property to your company.
Hiring abroad typically requires building or buying a local branch, registering it as a subsidiary of your headquarters, filing for local bank accounts, keeping up to date with changing local labor laws and collective bargaining rights, and contracting local payroll, accounting, legal, and HR personnel. This process takes months if you're lucky, a year if you're not, and restarts in every country you hire from.
Panther acts as the employer-of-record on your behalf, eliminating the need for a local subsidiary. Our local legal experts take over the heavy lifting and save you tens of thousands of dollars.
We cost a lot less than managing your own global entities and offer a transparent and simple monthly fee to employ internationally. For more information, please see our pricing page.
We bill and pay out monthly. After you've validated payroll, we charge your company in US Dollars and pay employees in their local currency. Currency fluctuations may impact the amount you pay, as your employees will always be paid the same amount in their local currency.
We use the mid-market rate and any applicable fee passed on by our provider at cost at the time of billing.
All employees have access to private medical, dental, and vision insurance through BUPA, the world's largest health insurance provider.
We also offer short-term disability, long-term disability, and life insurance benefits through GBG.