SystemSpecs

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.

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

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

• Payment infrastructure software
• HR and payroll software
• Enterprise IT services
• Digital commerce marketplace
• Financial technology solutions

Headquarters

HQ city

Lagos

HQ country

Nigeria

HQ region

Africa

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales

Revenue model

1. 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.
2. 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.
3. 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.
4. 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

Go-to-market motion3 records

Distribution channels5 records

Marketing channels7 records

Core 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

Named customers8 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature6 records

Partnerships

One partnership is on record.

• University of Lagos (UNILAG)coreStrategic or Co-development Partner · 1 January 2020HumanManager-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

Direct 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

• Xx.com/systemspecsnig
• YouTubeyoutube.com/@SystemSpecs
• Facebookfacebook.com/SystemSpecs
• LinkedInlinkedin.com/company/systemspecs
• Instagraminstagram.com/systemspecsnig

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SystemSpecs