SystemSpecs
SystemSpecs Holdings Limited is a Nigerian Technology Holding Company operating four portfolio companies — Remita (national payment infrastructure), HumanManager (cloud HR/payroll SaaS), STSL (enterprise IT services), and Whatadeal (lifestyle e-commerce) — serving the Nigerian Federal Government, enterprises, SMEs, and consumers across Nigeria.
- Company typePrivate
- Founded1990
- HeadquartersLagos, Nigeria
- Headcount251–500
- GTM typeB2B
- OfferingSoftware
What SystemSpecs does
SystemSpecs Holdings Limited is a privately held Nigerian Technology Holding Company (TechHoldCo) that has operated for over three decades developing indigenous software and operating four core portfolio companies. Its flagship fintech subsidiary, Remita Payment Services Limited, powers critical national financial infrastructure including Nigeria's Treasury Single Account, civil-servant payroll through IPPIS, and government revenue collections, generating revenue through transaction processing fees. HumanManager Limited delivers cloud-based HR and payroll software (currently version 7.0) on a subscription model, targeting both SMEs with affordable self-serve onboarding and large enterprises — the platform includes automation across the employee lifecycle, biometric ghost-worker detection, and AI-powered recruitment and customer support tools. STSL provides managed enterprise IT infrastructure and integration services as the group's technology backbone, while Whatadeal operates a lifestyle and digital commerce marketplace combining an e-commerce storefront with offline trade fair events for SME vendors.
The group serves a diversified customer base anchored by the Nigerian Federal Government at the infrastructure level, alongside corporate clients in banking, oil and gas, and manufacturing, plus SMEs and individual consumers. SystemSpecs is headquartered in Lagos with a regional presence in Abuja, and is founder-led by John Obaro (Founder & Group Managing Director) under the chairmanship of Ernest Ndukwe. The group has operated profitably without external venture funding across its three-decade history, generating revenue through a mix of transaction fees (Remita), SaaS subscriptions (HumanManager), managed services (STSL), and marketplace commissions (Whatadeal). Distribution is primarily direct enterprise and government sales, with self-serve SaaS for SME HR buyers and both digital and physical commerce channels for Whatadeal.
SystemSpecs firmographics
Firmographics- Name
- SystemSpecs
- Legal name
- SystemSpecs Holdings Limited
- Website
- https://systemspecs.com.ng
- Company type
- Private
- Founded year
- 1990
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- SystemSpecs Holdings Limited is a Nigerian Technology Holding Company operating four portfolio companies — Remita (national payment infrastructure), HumanManager (cloud HR/payroll SaaS), STSL (enterprise IT services), and Whatadeal (lifestyle e-commerce) — serving the Nigerian Federal Government, enterprises, SMEs, and consumers across Nigeria.
- Ownership category
- akta.pro rank
SystemSpecs industry classification
Industry- Product category
- Enterprise Payment and HR Software
- NAICS
- Custom Computer Programming Services (541511), Computer Systems Design and Related Services (54151), Computer Systems Design Services (541512)
- SIC
- Services-Prepackaged Software (7372), Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Integrated Systems Design (7373)
- akta.pro primary industry
- Public Sector & Government ERP (HDAEAEAG)
Keywords
Where SystemSpecs is headquartered
LocationHeadquarters
- HQ city
- Lagos
- HQ country
- Nigeria
- HQ region
- Africa
Offices2 records
Markets served
SystemSpecs business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales
Revenue model
- Payment Processing (Remita): Remita powers critical payment infrastructure including the Treasury Single Account and government payroll systems (IPPIS). Revenue is generated through transaction processing fees for secure payments, financial operations, and business automation across individuals, corporates, SMEs, and governments.
- HR and Payroll Software Subscription (HumanManager): HumanManager offers cloud-based HR and payroll management as a subscription service. The platform is positioned for SMEs with affordable and easy onboarding while maintaining enterprise-grade capabilities for larger organizations.
- Enterprise IT Services (STSL): STSL provides world-class infrastructure, integration, and enterprise IT services as the technology backbone of the group, delivering secure, scalable, and dependable technology environments for mission-critical operations.
- E-commerce Marketplace (Whatadeal): Whatadeal operates a lifestyle, entertainment, and digital marketplace platform connecting users to exciting deals, experiences, and commerce opportunities. Revenue derived from vendor partnerships and transaction facilitation.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Enterprise pricing for government and large organizations |
| Subscription | Monthly | SME-focused affordable HR solutions |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels7 records
SystemSpecs product offering
Product offeringCore offering
SystemSpecs is a Nigerian Technology Holding Company (TechHoldCo) that builds and backs technology companies across four portfolio businesses: Remita (multi-bank payment infrastructure powering Nigeria's Treasury Single Account, IPPIS civil servant payroll, and government revenue collections); HumanManager (cloud-based HR and payroll automation now in version 7.0 with AI features); STSL (enterprise IT infrastructure, integration, and managed technology services); and Whatadeal (lifestyle and digital commerce marketplace with both online storefronts and physical trade fairs).
Product overview
SystemSpecs is a Technology Holding Company (TechHoldCo) with a portfolio of four core technology businesses serving different market segments. The ecosystem comprises: Remita (fintech payments and financial operations platform handling Nigeria’s Treasury Single Account and government payroll via IPPIS); HumanManager (cloud-based HR and payroll management solution now on version 7.0 with AI-powered recruitment and workforce analytics); STSL (enterprise IT infrastructure and integration services); and Whatadeal (digital commerce marketplace with both online eCommerce tools and physical trade fair events). The portfolio spans payment infrastructure, HR technology, enterprise systems, and lifestyle commerce.
Differentiator
Problem solved
Functional benefit
Brands
- Remita: A leading fintech powering secure payments, financial operations, and business automation for individuals, corporates, SMEs, and governments. Trusted across sectors for reliability, compliance strength, and ability to simplify complex financial workflows.
- HumanManager
- Whatadeal
- STSL (SystemSpecs Technology Services Limited)
- CDEC (Children's Day Essay Competition)
Products and services
- Remita Multi-bank payment platform powering secure payments, financial operations, and business automation for individuals, corporates, SMEs, and governments. Handles Nigeria's Treasury Single Account, civil servant payroll through IPPIS, and government revenue collections.
- HumanManager Cloud-based HR and payroll management platform delivering seamless payroll processing, people analytics, compliance tools, performance tracking, and AI-powered recruitment assistance. Serves organizations from five-person SMEs to large enterprises across Nigeria and Africa.
- STSL (SystemSpecs Technology Services Limited) Enterprise IT services business providing secure, scalable, and dependable technology environments including infrastructure, integration, and managed technology services for mission-critical operations.
- Whatadeal Lifestyle, entertainment, and digital marketplace platform connecting users to deals, experiences, and commerce opportunities. Provides online storefront solutions through whatadeal.shop and offline trade fair events such as the Whatadeal Mega Trade Fair, empowering SMEs to scale operations.
Quantifiable outcome
- HumanManager's Ghost Catcher saved approximately ₦40 million every month for clients by detecting ghost workers and eliminating duplicate records
- +2 more outcomes
Companies that use SystemSpecs
Customer profileNamed customers8 records
Segments5 records
Ideal customer profiles4 records
SystemSpecs technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability4 records
Feature6 records
SystemSpecs partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- University of Lagos (UNILAG)coreHumanManager-UNILAG Partnership is a transformative academic-industry collaboration advancing HR technology education, research, and employability. Through this partnership, students engage with the future of work using real systems, real data, and real industry knowledge. This partnership is part of SystemSpecs' broader commitment to youth development and digital literacy across Nigeria.
Scale indicators9 records
Recent moves6 records
Expansion highlights6 records
SystemSpecs competitors and assessment
Company assessmentDirect peers
- Cellulant: Pan-African digital payments platform providing payment aggregation and banking services across 35+ countries. Comparable to Remita's open-banking-anchored multi-bank payment architecture and government-facing offerings.
- Interswitch: Nigeria's largest payments and digital commerce company, operating Verve card, Quickteller, and core payment infrastructure. Direct competitor to Remita in multi-bank payment processing and government/enterprise financial automation.
- Paystack: Nigerian-born payments processor (acquired by Stripe) serving SMEs and enterprises with online and offline payment APIs. Competes directly with Remita for transactional payment volume in Nigeria.
- Flutterwave: Pan-African payments technology company enabling cross-border and domestic payment processing for businesses. Competes with Remita in Nigerian enterprise and SME payment processing, with broader African reach.
Regional players
- Kuda Bank: Nigerian digital-first bank operating consumer and SME banking with proprietary core banking technology. Adjacent peer — competes in Nigerian digital finance space where Remita holds payment-rail dominance.
Emerging players
- Onafriq (formerly MFS Africa): Pan-African digital payments network connecting mobile wallets, banks, and remittance providers across 40+ African countries. Comparable to Remita's open-banking payment architecture and cross-institutional interoperability.
Broad incumbents
- Ceridian (Dayforce): Global cloud HCM platform delivering payroll, benefits, workforce management, and talent management. Closely comparable to HumanManager 7.0's cloud-first enterprise HR/payroll positioning.
- ADP: Global payroll and HR services company with deep enterprise and government payroll expertise. Comparable to HumanManager's payroll-centric value proposition and IPPIS-style government workforce deployments.
- Workday: Global cloud enterprise platform for HCM, payroll, and finance. Comparable to HumanManager as a cloud-based enterprise HR/payroll SaaS, though focused on large multinational enterprise versus African/SME focus.
- Sage: Global accounting, payroll, and HR software provider with strong SME and emerging-market footprint including Africa. Overlaps with HumanManager's HR/payroll positioning and Remita's financial software direction.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
SystemSpecs social profiles
Digital presenceSystemSpecs compliance and trust
Trust signalCompliance2 records
SystemSpecs financial estimates
Financial estimateRevenue estimate
Valuation estimate
SystemSpecs leadership team
Management profileNumber of profiles
Profiles16 records
SystemSpecs subsidiaries and ownership
Company hierarchySubsidiaries4 records
SystemSpecs funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SystemSpecs 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 SystemSpecs
What does SystemSpecs do?
SystemSpecs is a Nigerian Technology Holding Company (TechHoldCo) that builds and backs technology companies across four portfolio businesses: Remita (multi-bank payment infrastructure powering Nigeria's Treasury Single Account, IPPIS civil servant payroll, and government revenue collections); HumanManager (cloud-based HR and payroll automation now in version 7.0 with AI features); STSL (enterprise IT infrastructure, integration, and managed technology services); and Whatadeal (lifestyle and digital commerce marketplace with both online storefronts and physical trade fairs).
Is SystemSpecs a public or private company?
SystemSpecs is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was SystemSpecs founded?
SystemSpecs was founded in 1990. It employs 251 to 500 people.
Where is SystemSpecs based?
SystemSpecs is headquartered in Lagos, Nigeria, in the Africa region.
How does SystemSpecs make money?
Four revenue lines are on record. Payment Processing (Remita) is the primary driver. The others are HR and Payroll Software Subscription (HumanManager), enterprise IT Services (STSL) and E-commerce Marketplace (Whatadeal).
Who are SystemSpecs's main competitors?
Direct peers on record are Cellulant, Interswitch, Paystack and Flutterwave. Kuda Bank is listed as a regional player. Onafriq (formerly MFS Africa) is listed as an emerging player. Broad incumbents are Ceridian (Dayforce), ADP, Workday and Sage.
Does SystemSpecs have an API?
No public API is recorded for SystemSpecs.
What industry is SystemSpecs in?
SystemSpecs's product category is Enterprise Payment and HR Software. Its primary akta.pro industry code is HDAEAEAG, Public Sector & Government ERP. Its NAICS code is 541511 and its SIC code is 7372.