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§ Private Profile · Suru-lere, Lagos, Nigeria
PaidHR is a technology company.
PaidHR delivers a comprehensive people operations platform designed to streamline global employee lifecycle management for organizations. The all-in-one software solution centralizes payroll, including cross-border capabilities, performance tracking, talent acquisition through PaidHiring, and various HR tools and workflows. Additionally, it handles statutory remittances and provides employee benefits, aiming to simplify complex human resource and financial administrative tasks from a single dashboard.
The company was founded in 2020 by Seye Bandele, who serves as CEO, and Lekan Omotosho, the CTO. Initially operating as Pade HCM, their foundational insight was to address and simplify the inefficiencies prevalent in HR and payroll operations, particularly within the African context. Both founders brought expertise to build a platform that not only manages workforce data but also seeks to empower employees through innovative financial services.
PaidHR serves diverse organizations and their HR teams, predominantly across Africa, enabling efficient workforce administration and fostering employee financial well-being. The company's long-term vision is to significantly contribute to the growth and empowerment of Africa's expanding workforce by enhancing human capital management and providing accessible financial tools, such as earned wage access and loan marketplaces, thereby supporting both employers and employees on the continent.
PaidHR has raised $3.0M across 1 funding round.
PaidHR has raised $3.0M in total across 1 funding round.
PaidHR has raised $3.0M in total across 1 funding round.
PaidHR's investors include Accion Venture Lab, Alpaca VC, Chui Ventures, Zedcrest, Zrosk Investment Management.
PaidHR is a Nigeria-based HR technology company that builds an all-in-one people operations platform focused on payroll automation, compliance, HR workflows, and employee financial services.[1][3][4][6] It serves small and medium-sized enterprises (SMEs) across Africa, particularly in Nigeria, Kenya, and South Africa, solving the challenges of manual payroll processes, regulatory compliance, and high costs of enterprise-grade HR tools by offering affordable, modular solutions priced per employee per month.[2][3][4] The platform enables timely payroll in multiple currencies for local and global teams, integrates attendance, leave, expenses, and benefits administration, and provides employee self-service portals, early wage access (up to 50% of earned salary), and analytics for strategic insights—driving 186% payroll volume growth in just over a year while supporting over 250 businesses with 95% retention.[2][3][4][5]
Founded in 2020 in Lagos, Nigeria, PaidHR (formerly known as Pade or Pade HCM) emerged to address the underserved needs of African SMEs struggling with inefficient, manual HR and payroll systems in a region where most solutions cater to larger enterprises.[1][3][7] The company's backstory is rooted in local insights into regulatory complexities, cross-border payments, and financial inclusion for workers, evolving from basic payroll services to a comprehensive platform amid rapid African fintech growth.[2][3][4] Early traction was pivotal: within a year of scaling, it achieved 186% payroll volume increase, high retention, and expansion to multiple countries, backed by investors like Accion Ventures who recognized its potential to digitize HR for small businesses.[3]
PaidHR stands out in the HR tech space through tailored features for African SMEs:
PaidHR rides the wave of Africa's digital HR transformation, where SMEs—comprising 90% of businesses—face manual processes amid rising remote work, regulatory demands, and fintech adoption.[3] Its timing aligns with post-pandemic workforce shifts, economic digitization in Nigeria and East/Southern Africa, and investor focus on inclusive fintech, filling gaps left by costly global players like Employment Hero or Sprout Solutions.[1][3] Market forces like mobile money proliferation (e.g., for early wage access) and compliance pressures favor its localized, scalable model, influencing the ecosystem by enabling SME growth, worker financial stability, and HR efficiency—processing millions in disbursements while setting benchmarks for modular, Africa-centric platforms.[2][3][4]
PaidHR is poised for accelerated expansion, leveraging its 95% retention and multi-country footprint to deepen penetration in Africa's $10B+ HR tech market, potentially adding hiring tools like PaidHiring and advanced analytics.[3][4][5] Trends like AI-driven HR (e.g., performance automation via tHRive), rising gig/remote work, and regulatory harmonization across borders will shape its trajectory, amplifying influence through partnerships and white-label offerings.[2][4][7] As it evolves from payroll precision to full workforce empowerment, PaidHR could redefine accessible HR for SMEs, turning operational headaches into growth engines—just as its origins promised for Africa's underserved businesses.[3]
PaidHR has raised $3.0M across 1 funding round. Most recently, it raised $3.0M Seed in June 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 1, 2025 | $3M Seed | Accion Venture LAB | Alpaca VC, Chui Ventures, Zedcrest, Zrosk Investment Management | Announced |