PaySpace
- Company typePrivate
- Founded2002
- HeadquartersGauteng, South Africa
- Headcount251–500
- GTM typeB2B
- OfferingSoftware
PaySpace firmographics
Firmographics- Name
- PaySpace
- Legal name
- Letsdeel Mauritius
- Website
- https://payspace.com
- Company type
- Private
- Founded year
- 2002
- Operating status
- Acquired
- Headcount range
- 251–500 employees
- Ownership category
- akta.pro rank
PaySpace industry classification
Industry- Product category
- Payroll and HR Software
- NAICS
- Payroll Services (541214), Accounting, Tax Preparation, Bookkeeping, and Payroll Services (5412), 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
- Full-Service Payroll Processing (BPACAIAA), Global Payroll & Multi-Country Payroll Management (BPACAHAC), Payroll Outsourcing & Pay Administration (Multi-country/Managed Payroll) (BPACAKAD), Human Capital Management (HCM) & Payroll Platforms (HDAEAEAJ), Managed Payroll Services (Full-Service Payroll Outsourcing) (BPAAAHAA)
Keywords
Where PaySpace is headquartered
LocationHeadquarters
- HQ city
- Gauteng
- HQ country
- South Africa
- HQ region
- Africa
Offices3 records
Markets served
PaySpace business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- SaaS Subscription (Per Employee/Month): Core revenue stream from monthly subscription based on active employee count. Three editions (Lite, Premier, Master) with tiered pricing. No annual license, no hidden software fees. Additional charges for add-ons like WhatsApp ESS, Power BI, Recruitment, OrgChart, Expat management.
- Managed Payroll Services: Outsourced payroll processing where Deel Local Payroll team handles calculations, compliance submissions, and reporting. Billed at per payslip rate or minimum billing fee per entity. Includes parallel run invoicing and full processing from first live run.
- Referral Programme: Referral rewards paid as gift vouchers to partners who refer new customers. Voucher values range from R100-$7 (1-25 employees) up to R5,000-$320 (2,501+ employees). Additional R5,000 draw entry for qualified referrals.
- Implementation & Training Services: One-time fees for implementation services (35% deposit on acceptance), training courses, work requests, and change of scope. Remote consultation for EMP501 submissions charged at R1,450/hour.
- Add-on Modules: Additional revenue from optional modules: Performance Management, Workforce Planning, Additional Tax Module per country, Multi-Currency Expat Module, OrgChart, Cloud Analytics/Power BI, Recruitment. Each charged per active employee or user bracket.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Per seat | Monthly | Lite - Simple payroll for businesses up to 50 employees |
| Per seat | Monthly | Premier - Growing businesses with advanced reporting and multi-entity management |
| Per seat | Monthly | Master - Large or multi-national organisations with high-complexity features |
| Usage-based | Monthly | Managed Payroll - Full outsourcing option |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels6 records
PaySpace product offering
Product offeringCore offering
PaySpace (now branded as Deel Local Payroll, powered by PaySpace) is a cloud-native payroll and HR platform that automates payroll processing, tax calculations, statutory reporting, and compliance across 47 countries. It offers both self-serve and managed payroll delivery models through tiered editions (Lite, Premier, Master) and add-on modules, with deep in-country coverage of African, UK, Brazilian, and Middle Eastern statutory rules.
Product overview
Deel Local Payroll (formerly PaySpace) is a cloud-native multi-country payroll and HR platform offered as a single unified platform with modular editions (Lite, Premier, Master) and optional add-ons. The core platform provides automated payroll processing, tax calculations, statutory reporting, and compliance across 47 countries in Africa, UK, LATAM, and Middle East. Self-serve and managed payroll options are available, with integrated HR features including e-Onboarding, employee self-service, and talent management. AI Assist and WhatsApp ESS (Pacey) provide AI-powered employee self-service capabilities. Add-on modules include Power BI, Recruitment, OrgChart, TymeAdvance (earned wage access), and Crezco payment integration. The platform integrates with Xero, QuickBooks, Acumatica, and Workday via certified connectors, and offers an open API with webhooks for custom integrations.
Differentiator
Problem solved
Functional benefit
Brands
- AI Assist (Pacey AI): AI-powered payroll intelligence built into the platform, providing instant answers to payroll questions in plain language for both employees and administrators.
- Pacey
Products and services
- Deel Local Payroll (core platform) Cloud-native multi-country payroll and HR platform that automates payroll processing, tax calculations, statutory reporting, and compliance across 47 countries in Africa, the UK, Brazil, and the Middle East. Targets businesses of all sizes with a unified platform spanning payroll, HR, and compliance.
- Self-Serve Payroll Self-service payroll option for businesses that run payroll themselves, with automated tax updates, real-time calculations, retroactive pay support, bulk changes, and built-in localized statutory reporting.
- Managed Payroll Outsourced payroll service in which the Deel Local Payroll team handles calculations, compliance submissions, and reporting while the customer retains full visibility. Billed per payslip with a minimum billing fee per entity.
- WhatsApp Employee Self-Service (Pacey) Employee self-service delivered via WhatsApp that allows staff to access payslips, tax certificates, leave balances, and submit claims and leave applications without portal logins. GDPR, LGPD, and POPIA compliant across all operating countries.
- TymeAdvance Earned wage access add-on allowing employees to draw down a portion of earned-but-unpaid wages between paydays, designed as a financial wellness tool for employees living paycheque to paycheque.
- South African Tax Calculator Standalone online income tax calculator for individuals to estimate monthly take-home pay in South Africa after PAYE tax, including UIF, medical tax credits, and retirement deductions. Built on current Budget Speech rates with historical tax years back to 2022/2023.
- PaySpace University Online training and eLearning platform for payroll administration courses, including courses on how payroll works in Africa, EMP501 submissions, and legislative compliance.
Quantifiable outcome
- Payroll processing time reduced from 4 hours to 30 minutes (Cape Union Mart Group)
- +3 more outcomes
Companies that use PaySpace
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles3 records
PaySpace technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration8 records
AI capability3 records
Feature8 records
PaySpace partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- XerocoreGL (General Ledger) integration partner for accounting data synchronization. Available on Lite, Premier, and Master editions.
- QuickBookscoreGL integration partner for accounting data synchronization. Available on Lite, Premier, and Master editions.
- WorkdaycoreWorkday GPC Connector (certified) available on Master edition for enterprise HRIS integration.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
PaySpace competitors and assessment
Company assessmentBroad incumbents
- Deel: PaySpace's parent company and the broader global payroll/EOR platform. Deel serves multi-country employer-of-record and contractor payments at a $12B valuation, directly competing for the same enterprise consolidation mandates that PaySpace's engines now power.
- ADP: Largest global payroll and HCM incumbent with deep multi-country coverage through ADP GlobalView and ADP Celergo. Broad incumbent competitor in large enterprise payroll RFPs where PaySpace/Deel is increasingly bidding.
- Workday: Enterprise HCM and financial management platform with certified payroll connectors. PaySpace's Workday GPC Connector is certified for this ecosystem; Workday competes at the HRIS layer while integrating with payroll specialists.
- SAP SuccessFactors: Enterprise HCM and payroll platform from SAP serving large multinationals. Competes for enterprise payroll RFPs, particularly with companies already standardized on SAP for core HR.
Direct peers
- Rippling: Unified HR, payroll, IT, and finance platform with multi-country payroll capabilities. Competes head-to-head for mid-market and enterprise clients consolidating HRIS and payroll globally, including in EMEA and emerging markets.
- Remote.com: Global payroll and EOR platform covering 80+ countries with own-country entity infrastructure. Competes directly for the multi-country payroll consolidation mandate, particularly with international employers needing local statutory compliance.
- Papaya Global: Cloud-based global payroll and EOR platform with proprietary technology stack across 160+ countries. Direct competitor for enterprise-grade multi-country payroll with worker-management workflows.
- Multiplier: EOR and global payroll SaaS for SMB and mid-market employers hiring across borders. Competes for the same multi-country consolidation budget, with growing coverage in emerging markets where PaySpace has strong positions.
- Velocity Global: Global EOR and multi-country payroll provider serving mid-market and enterprise clients. Competes for international employer consolidation mandates, particularly in EMEA, LATAM, and emerging markets.
Regional players
- Sage Group: Established payroll and accounting software provider with strong presence in the UK and parts of EMEA, plus Africa-focused products. Competes with PaySpace's UK offering and serves similar SMB and mid-market customer profiles.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
PaySpace social profiles
Digital presencePaySpace compliance and trust
Trust signalCompliance6 records
PaySpace financial estimates
Financial estimateRevenue estimate
Valuation estimate
PaySpace leadership team
Management profileNumber of profiles
Profiles3 records
PaySpace funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PaySpace 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 PaySpace
What does PaySpace do?
PaySpace (now branded as Deel Local Payroll, powered by PaySpace) is a cloud-native payroll and HR platform that automates payroll processing, tax calculations, statutory reporting, and compliance across 47 countries. It offers both self-serve and managed payroll delivery models through tiered editions (Lite, Premier, Master) and add-on modules, with deep in-country coverage of African, UK, Brazilian, and Middle Eastern statutory rules.
Is PaySpace a public or private company?
PaySpace is a private company. It is classified as corporate owned and is currently acquired.
When was PaySpace founded?
PaySpace was founded in 2002. It employs 251 to 500 people.
Where is PaySpace based?
PaySpace is headquartered in Gauteng, South Africa, in the Africa region.
How does PaySpace make money?
Five revenue lines are on record. SaaS Subscription (Per Employee/Month) is the primary driver. The others are managed Payroll Services, referral Programme, implementation & Training Services and add-on Modules.
Who are PaySpace's main competitors?
Broad incumbents on record are Deel, ADP, Workday and SAP SuccessFactors. Direct peers are Rippling, Remote.com, Papaya Global, Multiplier and Velocity Global. Sage Group is listed as a regional player.
Does PaySpace have an API?
Yes. PaySpace offers an open API and webhooks for integration with external systems. The API documentation is available at developer.payspace.com. The platform supports GL integration with Xero, QuickBooks, and Acumatica, and includes a certified Workday GPC Connector. Open API and webhooks connect to time & attendance, accounting, and HR systems. Developer documentation is at developer.payspace.com.
What industry is PaySpace in?
PaySpace's product category is Payroll and HR Software. Its primary akta.pro industry code is BPACAIAB, Payroll Software & Payroll-as-a-Service (SaaS), with a secondary code of BPACAIAA, Full-Service Payroll Processing. Its NAICS code is 541214 and its SIC code is 7372.