PayrollPanda
PayrollPanda is a Malaysian cloud-based payroll and HR software platform serving 15,000+ SMEs and enterprises with LHDN-approved payroll processing, automated statutory calculations (PCB, EPF, SOCSO, HRDF, EIS), form generation, and bank integrations across Malaysia.
- Company typePrivate
- Founded2014
- HeadquartersPetaling Jaya, Malaysia
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What PayrollPanda does
PayrollPanda is a Malaysian cloud-based payroll and HR software platform, operated as a subsidiary of Jibble Group Sdn Bhd alongside its sibling time-and-attendance product Jibble. Founded in 2014 and headquartered in Petaling Jaya, Selangor, the platform is LHDN-approved and built specifically around Malaysian statutory requirements, automating calculations for PCB (income tax), EPF/KWSP (Employees Provident Fund), SOCSO/PERKESO (social security), HRDF (Human Resource Development Fund), and EIS (Employment Insurance System). It also auto-generates Form E, EA, payslips, and bank file formats for salary and statutory disbursements, with integrations to QuickBooks, Xero, Bukku, Zoho People, Jibble, altHR, Odoo, and 10 Malaysian and international banks including Maybank, CIMB, Public Bank, Hong Leong, RHB, OCBC, AmBank, HSBC, Alliance Bank, and JP Morgan.
The company's product portfolio centers on the PayrollPanda Core Platform with modular add-ons (ePayslip, eLeave, ePayroll, Employee Management, Automated Taxes, Employee Self Service, Enterprise Payroll, LHDN Approved Payroll, PERKESO Payroll, HRDF Claimable System, HR System) plus a public API, a suite of free calculators and payroll guides, and professional services (payroll consulting, outsourcing). Its go-to-market combines product-led growth through a 100% free plan for unlimited employees, inside sales via free online demos and dedicated account setup, a three-tier partner program (Managed Payroll, Reseller, Affiliate) paying up to 30% commission to accountants and HR professionals, and direct enterprise sales. The company reports serving 15,000+ Malaysian SMEs and processing 900K+ payroll runs, with bi-weekly product release cadence. PayrollPanda raised a $700,000 seed round from launchpad in 2018 and has not disclosed subsequent funding or revenue figures.
PayrollPanda firmographics
Firmographics- Name
- PayrollPanda
- Legal name
- Payroll Panda Sdn Bhd
- Website
- https://payrollpanda.my
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- PayrollPanda is a Malaysian cloud-based payroll and HR software platform serving 15,000+ SMEs and enterprises with LHDN-approved payroll processing, automated statutory calculations (PCB, EPF, SOCSO, HRDF, EIS), form generation, and bank integrations across Malaysia.
- Ownership category
- akta.pro rank
PayrollPanda industry classification
Industry- Product category
- Payroll Software
- NAICS
- Payroll Services (541214), Accounting, Tax Preparation, Bookkeeping, and Payroll Services (54121)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Payroll Software & Payroll-as-a-Service (SaaS) (BPACAIAB)
Keywords
Where PayrollPanda is headquartered
LocationHeadquarters
- HQ city
- Petaling Jaya
- HQ country
- Malaysia
- HQ region
- Asia
Offices1 record
Markets served
PayrollPanda business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Operations
Revenue model
- Subscription - Pro Plan: PayrollPanda offers a free tier with unlimited employees and essential payroll features. The Pro plan provides advanced features including integrations (Xero, QuickBooks, Jibble, Zoho People, altHR), bank file generation, payslip email delivery, and PERKESO portal assistance. Pricing is based on company fee plus per-seat pricing, billed monthly or annually.
- Professional Services - Account Setup: PayrollPanda offers account setup assistance where the team sets up the customer's account based on details provided in the Account Setup file. While the service facilitates configuration, customers remain responsible for verifying accuracy.
- Partner Program - Commission Revenue: Partners in the Managed Payroll, Reseller, and Affiliate tracks earn commissions (up to 30%) for each client they onboard to PayrollPanda Pro. This creates recurring commission revenue for the company through channel partnerships.
- Payroll Consulting & Outsourcing: PayrollPanda offers payroll consulting and outsourcing services for businesses seeking managed payroll solutions, providing professional services revenue.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Monthly | Free Plan - 100% FREE Payroll System |
| Subscription | Annual | Pro Plan - Premium Features |
| Subscription | Annual | Enterprise Payroll Solution |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels8 records
PayrollPanda product offering
Product offeringCore offering
PayrollPanda is a cloud-based payroll and HR software platform for Malaysian businesses that automates payroll processing and statutory compliance. It runs LHDN-approved calculations for PCB, EPF, SOCSO, HRDF, and EIS, generates Form E, Form EA, payslips and bank files for salary disbursements. The platform offers a permanently free tier for unlimited employees and a paid Pro plan with integrations to accounting software, time tracking, and 10+ Malaysian banks.
Product overview
PayrollPanda is a cloud-based payroll and HR software platform for Malaysian SMEs and enterprises, offering a free core plan with optional paid Pro upgrades. The platform centers on the PayrollPanda Core Platform which handles automated payroll processing, statutory tax calculations (PCB, EPF, SOCSO, EIS, HRDF), LHDN-approved reporting, and bank file generation. The product portfolio includes specialized modules like ePayslip, eLeave, ePayroll, Employee Management, and Automated Taxes, alongside enterprise and compliance-specific solutions (LHDN Approved Payroll, PERKESO Payroll, HRDF Claimable System). The company also provides a developer API for third-party integrations, free calculators and guides as marketing/free tools, and professional services including partner programs, consulting, and outsourcing.
Differentiator
Problem solved
Functional benefit
Products and services
- PayrollPanda Cloud Payroll & HR Platform Cloud-based payroll and HR software for Malaysian SMEs and enterprises that automates payroll processing, calculates statutory deductions (PCB, EPF, SOCSO, HRDF, EIS), generates payslips and Form E/EA, produces bank files for salary disbursements, and supports leave management and employee self-service.
- PayrollPanda API Application programming interface that enables syncing of payroll data with accounting software (QuickBooks, Xero), HR platforms (Zoho People, altHR) and time-tracking tools (Jibble). Lets developers build custom integrations against the PayrollPanda payroll engine.
- Payroll Consulting Expert consulting service for Malaysian businesses needing assistance with payroll compliance, configuration and statutory requirements.
- Payroll Outsourcing Managed payroll outsourcing service under which PayrollPanda handles end-to-end payroll processing on behalf of Malaysian businesses that prefer to fully delegate the function.
Quantifiable outcome
- Full payroll run completed in minutes
- +3 more outcomes
Companies that use PayrollPanda
Customer profileNamed customers12 records
Segments3 records
Ideal customer profiles3 records
PayrollPanda technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration17 records
Feature9 records
PayrollPanda partnerships and signals
Strategic signalPartnerships
17 partnerships are on record, tiered core.
- altHRcorealtHR is an HR management solution that integrates with PayrollPanda. The integration allows automatic employee profile creation in PayrollPanda, expense and claim synchronization, and enables employees to access payslips through the altHR mobile app. Together they provide a comprehensive HR and payroll solution for Malaysian businesses.
- JibblecoreJibble is a global time and attendance tracking application that syncs employee leave and overtime data with PayrollPanda payroll processing. The integration ensures employees are paid accurately for hours worked and leave taken, with payslips accessible through Jibble accounts. Jibble is part of Jibble Group, the same parent company as PayrollPanda.
- QuickBookscoreQuickBooks accounting software integration enables automatic journal entry generation from PayrollPanda payroll data. Payment items and recipients are mapped to QuickBooks expense accounts and creditors, ensuring accurate financial records. Integration available on Pro plan.
- XerocoreXero accounting integration allows synchronization of payroll data into accounting books. Automatic bill generation when payroll is approved, with payment items mapped to Xero expense accounts and contacts. Integration available on Pro plan.
- Zoho PeoplecoreZoho People HRMS integration syncs employee leave and overtime data with PayrollPanda. Work hours, overtime, and leave balances are synchronized between platforms for accurate payroll processing. Payslips can be published to Zoho People employee accounts.
- MaybankcoreMaybank integration enables bank file generation for salary payments and statutory contributions. Users can upload bank files to Maybank's portal for bulk payment processing.
- CIMB BankcoreCIMB Bank integration enables bank file generation for salary disbursements and statutory contribution payments through CIMB's banking portal.
- Hong Leong BankcoreHong Leong Bank integration generates bank files for payroll payments and statutory contributions. Supports both ConnectBiz and ConnectFirst account types.
- Public BankcorePublic Bank integration enables bank file generation for salary payments through one of Malaysia's largest banks.
- RHB BankcoreRHB Bank integration supports payroll file generation for salary disbursements and statutory contributions.
- OCBC BankcoreOCBC Bank integration enables bank file generation for payroll processing.
- AmBankcoreAmBank integration supports payroll file generation for salary payments and statutory contributions.
- HSBC BankcoreHSBC Bank integration enables payroll file generation for international-standard banking services.
- Alliance BankcoreAlliance Bank integration supports bank file generation for Malaysian payroll processing.
- JP MorgancoreJP Morgan integration enables enterprise-grade bank file generation for payroll processing.
- Jibble GroupcoreJibble Group is the parent company of PayrollPanda and Jibble (time and attendance app). The company focuses on providing world-class HR cloud applications, with PayrollPanda serving Malaysian SMEs and Jibble serving global time-tracking needs.
- Partner Program - AccountantscoreAccountants and HR professionals can join as managed payroll partners, resellers, or affiliates. Partners receive expert support, full compliance features, and earn commissions up to 30% for each Pro plan subscription they onboard.
Scale indicators4 records
Recent moves6 records
Expansion highlights6 records
PayrollPanda competitors and assessment
Company assessmentDirect peers
- altHR: Malaysian cloud HR and payroll platform serving SMEs and enterprises. Directly comparable as a Malaysia-focused HR/payroll SaaS, and notably is both a partner/integration and a direct competitor to PayrollPanda.
- Kakitangan.com: Malaysian HR, payroll, and leave management platform targeting SMEs. Closely competes with PayrollPanda on Malaysian payroll automation, statutory compliance (EPF/SOCSO/PCB), and HRIS features.
- Bukku: Malaysian accounting and payroll software for SMEs. Both an integration partner and competitor, offering payroll within a broader accounting suite that overlaps PayrollPanda's payroll + accounting workflow.
- Talenox: Singapore-founded cloud payroll and HR platform serving SMEs across Singapore, Malaysia, and Hong Kong. Closely comparable product (payroll + leave + HRIS) with overlapping Malaysian customer base.
- Swingvy: APAC cloud HR and payroll platform serving SMEs in Singapore, Malaysia, and other Southeast Asian markets. Comparable SMB-focused positioning and payroll-centric feature set.
Regional players
- HR2000: Malaysian HR and payroll software vendor serving SMEs with statutory-compliant payroll. Competes for the same Malaysian SME customer base with similar EPF/SOCSO/PCB automation.
Broad incumbents
- ADP: Global payroll and HCM incumbent with broad multi-country offerings. Represents the large-enterprise benchmark PayrollPanda competes against as Malaysian mid-market/enterprise customers scale up.
- Ramco Global Payroll: Global payroll and HCM platform with established APAC presence including Malaysia. Competes for mid-market and enterprise payroll contracts with broader functionality than PayrollPanda.
- Xero Payroll: Global accounting SaaS with payroll add-ons, including in selected APAC markets. Competes indirectly via accounting-led workflow and is also an integration partner of PayrollPanda.
Emerging players
- Deel: Global payroll, EOR, and contractor management platform rapidly expanding across APAC. Represents a long-term competitive threat for Malaysian businesses hiring cross-border or scaling internationally.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
PayrollPanda social profiles
Digital presencePayrollPanda compliance and trust
Trust signalCompliance2 records
PayrollPanda financial estimates
Financial estimateRevenue estimate
Valuation estimate
PayrollPanda leadership team
Management profileNumber of profiles
Profiles2 records
PayrollPanda funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PayrollPanda 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 PayrollPanda
What does PayrollPanda do?
PayrollPanda is a cloud-based payroll and HR software platform for Malaysian businesses that automates payroll processing and statutory compliance. It runs LHDN-approved calculations for PCB, EPF, SOCSO, HRDF, and EIS, generates Form E, Form EA, payslips and bank files for salary disbursements. The platform offers a permanently free tier for unlimited employees and a paid Pro plan with integrations to accounting software, time tracking, and 10+ Malaysian banks.
Is PayrollPanda a public or private company?
PayrollPanda is a private company. It is classified as corporate owned and is currently operating.
When was PayrollPanda founded?
PayrollPanda was founded in 2014. It employs 11 to 50 people.
Where is PayrollPanda based?
PayrollPanda is headquartered in Petaling Jaya, Malaysia, in the Asia region.
How does PayrollPanda make money?
Four revenue lines are on record. Subscription - Pro Plan is the primary driver. The others are professional Services - Account Setup, partner Program - Commission Revenue and payroll Consulting & Outsourcing.
Who are PayrollPanda's main competitors?
Direct peers on record are altHR, Kakitangan.com, Bukku, Talenox and Swingvy. HR2000 is listed as a regional player. Broad incumbents are ADP, Ramco Global Payroll and Xero Payroll. Deel is listed as an emerging player.
Does PayrollPanda have an API?
Yes. PayrollPanda offers an API that enables integrations with third-party systems. The API allows syncing of payroll data with accounting software such as QuickBooks and Xero, and supports data synchronization with HR and time-tracking platforms like Zoho People and Jibble. Integration features are available on the Pro plan. Developer documentation is at www.payrollpanda.my/api.
What industry is PayrollPanda in?
PayrollPanda's product category is Payroll Software. Its primary akta.pro industry code is BPACAIAB, Payroll Software & Payroll-as-a-Service (SaaS). Its NAICS code is 541214 and its SIC code is 7372.