Nigeria’s PaidHR Raises $1.8M Seed Round to Expand Cross-Border HR Tech Across Africa

Nigeria’s HR tech landscape just got a major boost.

Lagos-based human resources startup PaidHR has secured $1.8 million in a seed funding round, its largest raise to date, as it seeks to transform payroll and HR management for African businesses navigating cross-border challenges.

The round was led by Accion Venture Lab, with follow-on participation from Zrosk, Chui Ventures, and Zedcrest Capital—all of whom had previously invested in the company.

Founded in 2020 by Seye Bandele and Lekan Omotosho, PaidHR has now raised a total of $2.9 million, including earlier rounds of $500,000 in 2022 and $600,000 in 2023.

🚀 Solving HR Challenges with African Realities in Mind

At its core, PaidHR’s mission is to streamline how businesses handle payroll, compliance, and workforce management—especially for organisations with employees across different countries and currencies. The platform supports 49 local currencies, enabling companies to pay workers directly in their own countries and currencies.

“We are building HR management for the African context,” said CEO and Co-founder Seye Bandele. “This funding allows us to scale our vision, expand our reach, and deliver even more value to our clients.”

PaidHR’s technology also integrates earned wage access, USD savings, and automated HR compliance tools, blending HRTech with Fintech to empower both employers and employees.

💼 Where the New Funding Will Go

With the new $1.8 million capital injection, PaidHR plans to:

• Grow its product and engineering team

• Expand customer support operations

• Scale its presence across African markets

• Develop new employee-centric financial tools

“PaidHR is not just simplifying payroll and HR; it’s giving employees financial tools that improve their lives,” said Amee Parbhoo, Managing Partner at Accion Venture Lab. “This is a meaningful step toward financial inclusion for underserved workers.”

📈 Performance So Far

Since launching in 2020, PaidHR has worked with over 200 companies, including 100 across Africa, helping streamline complex HR and payroll processes.

In 2023 alone, the startup processed ₦11.4 billion (approx. $12 million) in employee salaries, and it expects to double that volume in 2024. The company’s cross-border payroll feature has proven particularly vital in Nigeria, where currency volatility has made foreign-denominated payments more appealing for employees.

PaidHR’s ability to serve both SMEs and large enterprises, and its focus on real-time customer feedback, has helped the company remain agile in an evolving business landscape.

🌍 A Model for Africa’s HR Future

As the demand for remote and distributed teams grows across the continent, PaidHR is positioning itself as the go-to solution for cross-border HR and payroll in Africa.

Their success underscores a broader trend: African startups are increasingly blending finance and HR technology to serve local business needs—from employee benefits to payroll flexibility—all while improving financial inclusion.

What’s Next for PaidHR?

The startup plans to deepen its reach in key African markets, improve integrations for local financial institutions, and expand its ecosystem of HR tools to help businesses operate efficiently and employees thrive—regardless of location or currency.

“The roadmap for PaidHR has always been a marriage of HRTech and Fintech,” Bandele explained. “And now, with this investment, we’re ready to build the future of HR for Africa.”

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Stay tuned for more insights on Africa’s evolving HRTech and Fintech ecosystems.