PaidHR
PaidHR is a Lagos-based HR and payroll technology company providing a cloud-based people operations platform that automates payroll, African statutory compliance, performance management, and employee financial wellness for SMEs and enterprises across Nigeria, Kenya, and South Africa.
- Company typePrivate
- Founded2021
- HeadquartersSuru-lere, Nigeria
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What PaidHR does
PaidHR is a Lagos-headquartered HR and payroll technology company operating an integrated people operations platform for African businesses. Founded in 2021 as Pade HCM Technology Limited and rebranded to PaidHR in September 2025, the company serves more than 100 businesses across Nigeria, Kenya, and South Africa, paying over 12,000 employees monthly and having processed roughly $18 million in salaries in 2024. Its core is an embedded payroll engine tightly integrated with native African statutory compliance — Nigerian PAYE tax, pension, NHF, NSITF, Kenyan NSSF, and South African statutory deductions — and it already supports Nigeria's new tax law (NTA 2025) effective January 2026.
The platform spans Employee Payroll, Cross Border Payroll (49 currencies across 120 countries), PaidHiring ATS, HR Tools & Workflows, Performance Management with AI-assisted OKRs, Statutory Remittance, Employee Benefits, and a financial wellness layer comprising Earned Wage Access (EWA at 0% interest with a 4% transaction fee), a multi-currency Employee Wallet, and a Loan Marketplace integrated with CBN-regulated lenders such as Yield Bank. An open Payroll API and a white-label solution enable consultants and agencies to launch their own branded payroll businesses, providing an alternative distribution channel. Technology is cloud-based with open API keys, NDPA-compliant data handling, and a mobile app for employee self-service.
Revenue is generated primarily through tiered SaaS subscriptions (Standard for 20–100 employees; Enterprise for 100+ employees with dedicated support), licensing/API fees from white-label partners, and transaction-based EWA fees. The go-to-market combines self-serve onboarding with sales-assisted demos for mid-market and enterprise deals, while cross-border payroll is sold via direct enterprise sales. PaidHR has raised approximately $3.45 million across disclosed funding rounds, including a $1.8 million seed round led by Accion Venture Lab in June 2025 with participation from Zrosk, Chui Ventures, and Zedcrest Capital.
PaidHR firmographics
Firmographics- Name
- PaidHR
- Legal name
- Pade HCM Technology Limited
- Website
- https://paidhr.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- PaidHR is a Lagos-based HR and payroll technology company providing a cloud-based people operations platform that automates payroll, African statutory compliance, performance management, and employee financial wellness for SMEs and enterprises across Nigeria, Kenya, and South Africa.
- Ownership category
- akta.pro rank
PaidHR industry classification
Industry- Product category
- HR & Payroll Software
- NAICS
- Payroll Services (541214), Professional Employer Organizations (561330)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Payroll Software & Payroll-as-a-Service (SaaS) (BPACAIAB)
- akta.pro secondary industries
- Human Capital Management (HCM) & Payroll Platforms (HDAEAEAJ), Employer of Record (EOR) & Global Payroll (FSAMAKAB), Pay Card Programs & Earned Wage Access (EWA) Administration (BPACAIAK), Compensation Planning & Total Rewards (BPACAPAH)
Keywords
Where PaidHR is headquartered
LocationHeadquarters
- HQ city
- Suru-lere
- HQ country
- Nigeria
- HQ region
- Africa
Offices1 record
Markets served
PaidHR business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Subscription - Standard Tier: Subscription-based SaaS model for small to mid-sized businesses (20-100 employees) with per-employee or tiered pricing covering HRIS, payroll management, statutory remittance, EWA, employee benefits, workflows, and self-service.
- Subscription - Enterprise Tier: Custom enterprise pricing for organizations with 100+ employees including dedicated support and full platform access.
- White-label / API Licensing: Payroll API and white-label solutions for consultants and agencies to launch their own payroll business, providing recurring licensing revenue.
- Earned Wage Access Transaction Fees: 4% flat transaction fee charged only when employees withdraw earned wages, providing usage-based revenue.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Standard: 20-100 employees |
| Subscription | Monthly | Enterprise: 100+ employees |
| Subscription | Multi-year contract | Custom: Full PaidHR suite and beyond |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels9 records
PaidHR product offering
Product offeringCore offering
PaidHR is a cloud-based People Operations Platform that automates payroll processing, statutory compliance (PAYE, pension, NHF, NSITF), HR workflows, performance management, and applicant tracking for African businesses. The platform includes employee financial wellness features such as Earned Wage Access, a Loan Marketplace, and a multi-currency Employee Wallet, and offers cross-border payroll across 49 currencies in 120+ countries. It serves SMEs and enterprises in Nigeria, Kenya, and South Africa through Standard and Enterprise subscription tiers, plus a Payroll API and white-label solution for consultants and agencies.
Product overview
PaidHR is an all-in-one People Operations Platform designed for African businesses, encompassing a unified platform with integrated modules for payroll management, cross-border payroll, HR workflows, performance management, hiring (ATS), statutory compliance, and employee financial wellness. The platform's core is its payroll engine (Employee Payroll and Cross Border Payroll), which connects to the HR Tools & Workflows module (covering onboarding, leave management, time tracking, and contractor management), the PaidHiring ATS, the Performance Management module (OKRs, key results, structured reviews), and the Statutory Remittance module (automated PAYE, pension, NHF, NSITF). Financially-focused add-ons — Earned Wage Access, the Loan Marketplace, and the Employee Multi-Currency Wallet — extend the platform into employee financial wellness, creating a closed loop from payroll to financial services. The platform is available in Standard (20–100 employees) and Enterprise (100+ employees) tiers, and includes a Payroll API and white-label offering for consultants and agencies.
Differentiator
Problem solved
Functional benefit
Products and services
- Employee Payroll
Quantifiable outcome
- Nearly $18 million in salaries processed in 2024
- +5 more outcomes
Companies that use PaidHR
Customer profileNamed customers10 records
Segments4 records
Ideal customer profiles4 records
PaidHR technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability5 records
Feature8 records
PaidHR partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- Lagos State Employment Trust Fund (LSETF)coreCorporate social responsibility initiative providing 100 selected Nigerian SMEs with twelve months of free access to PaidHR's full software suite, structured business training, and dedicated support. Addresses operational and administrative breakdowns affecting SME survival rates.
- MonocorePartnership introducing Direct Debit for Payroll Funding, enabling seamless payroll processing through Mono's payment infrastructure.
- Yield BankcoreLicensed financial institution partner in the PaidHR Loan Marketplace, regulated by CBN and compliant with NDIC deposit insurance standards. Provides affordable credit to employees with automatic payroll-based repayment.
- The Money AfricaminorFinancial literacy content partnership providing Financial Literacy Nuggets on the PaidHR Mobile App to improve employee financial wellness.
- Manufacturers Association of Nigeria (MANI)minorHosted Roundtable Discussion on HR Mental Wellness, positioning PaidHR as thought leader in workplace wellness.
Scale indicators13 records
Recent moves7 records
Expansion highlights7 records
PaidHR competitors and assessment
Company assessmentDirect peers
- SeamlessHR: Nigerian/African HR and payroll platform serving SMEs and enterprises with payroll, leave, performance, and recruitment modules. Most direct domestic competitor to PaidHR in the Nigerian HCM market.
- Deel: Global payroll, EOR, and contractor management platform serving employers hiring across borders. Directly comparable to PaidHR's Cross Border Payroll product and increasingly entering emerging markets where PaidHR operates.
- Remote: Global HR, payroll, and EOR platform for distributed teams. Comparable on cross-border payroll, contractor payments, and multi-currency employer wallets, and a growing threat in African markets.
- Workpay: Africa-focused HR and payroll SaaS serving SMEs in Kenya and other East African markets. Closest direct regional peer with overlapping HR, payroll, and statutory compliance functionality.
Broad incumbents
- Rippling: Unified HR, IT, and finance platform with global payroll and EOR. A broad incumbent with overlapping HRIS, payroll, ATS, and performance management that competes for the same mid-market and enterprise customer profile.
- Workday: Enterprise HCM and payroll platform with global payroll capabilities. Represents the enterprise incumbent PaidHR's Enterprise Tier (100+ employees) competes against.
- Sage HR: Established HR and payroll software provider with strong presence in EMEA and Africa. Overlaps on payroll processing, statutory compliance, and HR workflow for SMEs and mid-market.
- BambooHR: Established SMB-focused HRIS with payroll, performance, and ATS. Comparable on the HCM/HRIS layer PaidHR bundles inside its Standard tier for 20-100 employee customers.
Regional players
- PaySpace: Africa-focused payroll and HR software serving multiple African countries including South Africa. Comparable regional peer with multi-country African payroll coverage.
Others
- Mono: Nigerian open-banking and financial data API provider and a PaidHR technology partner (Direct Debit for Payroll Funding). Adjacent infrastructure enabler in PaidHR's payroll funding stack.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
PaidHR social profiles
Digital presencePaidHR compliance and trust
Trust signalCompliance2 records
PaidHR financial estimates
Financial estimateRevenue estimate
Valuation estimate
PaidHR leadership team
Management profileNumber of profiles
Profiles1 record
PaidHR funding detail
Funding detailFunding overview
Funding rounds4 records
Investors9 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PaidHR M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about PaidHR
What does PaidHR do?
PaidHR is a cloud-based People Operations Platform that automates payroll processing, statutory compliance (PAYE, pension, NHF, NSITF), HR workflows, performance management, and applicant tracking for African businesses. The platform includes employee financial wellness features such as Earned Wage Access, a Loan Marketplace, and a multi-currency Employee Wallet, and offers cross-border payroll across 49 currencies in 120+ countries. It serves SMEs and enterprises in Nigeria, Kenya, and South Africa through Standard and Enterprise subscription tiers, plus a Payroll API and white-label solution for consultants and agencies.
Is PaidHR a public or private company?
PaidHR is a private company. It is classified as venture growth investor backed and is currently operating.
When was PaidHR founded?
PaidHR was founded in 2021. It employs 11 to 50 people.
Where is PaidHR based?
PaidHR is headquartered in Suru-lere, Nigeria, in the Africa region.
How does PaidHR make money?
Four revenue lines are on record. Subscription - Standard Tier is the primary driver. The others are subscription - Enterprise Tier, white-label / API Licensing and earned Wage Access Transaction Fees.
Who are PaidHR's main competitors?
Direct peers on record are SeamlessHR, Deel, Remote and Workpay. Broad incumbents are Rippling, Workday, Sage HR and BambooHR. PaySpace is listed as a regional player. Mono is listed as an others.
Does PaidHR have an API?
Yes. PaidHR offers open API keys that enable third-party application integration with its platform. The API supports integrations with third-party accounting software and allows employers to integrate the PaidHR payroll engine into their own platform. The platform also offers a white-label solution for consultants and agencies to launch their own payroll business, suggesting API availability for partner/self-service scenarios.
What industry is PaidHR in?
PaidHR's product category is HR & Payroll Software. Its primary akta.pro industry code is BPACAIAB, Payroll Software & Payroll-as-a-Service (SaaS), with a secondary code of HDAEAEAJ, Human Capital Management (HCM) & Payroll Platforms. Its NAICS code is 541214 and its SIC code is 7372.