Key takeaways
- Oyster selected Atlar to manage cash, payments, forecasting, and bank reconciliation, connected to its banks and NetSuite.
- Oyster is an employer of record operating in more than 180 countries and 120 currencies; more than 40 percent of the people it employs live in emerging markets.
- Founded in 2020 as a fully distributed company, Oyster holds B Corp certification—the only employer of record to earn it—and is valued at $1.2 billion by investors including Silver Lake Waterman, Salesforce Ventures, and ServiceNow Ventures.
- The team now sees cash across every bank at once, runs payments from a single system, and keeps the ledger aligned through a native NetSuite integration without manual matching.
- Treasury Manager Daniel Lima said payments previously required working across several systems to get them approved and out the door; Atlar brings that into one workflow, with reconciliation flowing back automatically.
Oyster runs the infrastructure behind teams in more than 180 countries, hiring and caring for people so companies don’t have to build that from scratch. It picked Atlar to manage its own cash, payments, forecasting, and bank reconciliation, connected to its banks and NetSuite.
Hiring anyone, anywhere
Oyster takes on the complexity most companies steer clear of: how to hire someone in another country, properly and legally, without months of setup and the cost of a local entity. A company can bring on an engineer in Lagos or a designer in Manila and get them under contract, insured, and paid in their own currency within days, across more than 180 countries and 120 currencies.
More than 40 percent of the people Oyster employs live in emerging markets, which has been the mission from the start: that people can succeed through the merit of their talent and ambition, rather than being limited by their location.
But hiring across a border means more than a signed contract. It means someone in Singapore or Brazil trusts a paycheck to land on time, a benefits question to get a real answer, and a real person behind the fine print when a labor law becomes complicated. Oyster built its business on that trust.
Founded in 2020 and run as a fully distributed company itself, Oyster holds B Corp certification, the only employer of record to earn it, and one of roughly twenty B Corps anywhere to reach a billion-dollar valuation. Investors value the company at $1.2 billion, with backing from Silver Lake Waterman, Salesforce Ventures, and ServiceNow Ventures, among others.
A finance function as global as the business
An operation like this demands a lot from a finance team’s own books. Oyster keeps cash across banks in dozens of markets, and someone on the team needs to know exactly where that money sits at any given moment––with confidence that payments will go out clean. A company that promises people get paid right and on time can’t afford to guess about its own position. Every worker paid a day late, or in the wrong currency, chips away at the same trust the whole business runs on.
Atlar took that on. The team now sees its cash across every bank at once, runs payments from a single system, and keeps the ledger straight through a native NetSuite integration, no manual matching required. As Oyster opens new countries and adds new banks, the same setup scales with it, instead of splintering into another portal to check.
What the team says
"Getting this right isn't tidy bookkeeping, it's making sure a paycheck lands correctly for someone counting on it, wherever they are. Payments used to mean working across several systems just to get them approved and out the door. Atlar brings that into one workflow, with reconciliation flowing back automatically." — Daniel Lima, Treasury Manager at Oyster.
We’re proud to welcome Oyster to Atlar, and to support the company behind human-centric, borderless work for thousands of people.
Keen to see why fast-growing tech leaders like Oyster choose Atlar? Book a demo or get in touch with our team.
