PaidHR has raised $1.8 million in a seed funding round to accelerate expansion of its HR and payroll platform across Africa’s markets.
According to PaidHR via X, the round was led by Accion Venture Lab and supported by existing investors Zrosk, Chui Ventures, and Zedcrest Capital.
Founded in 2020 by Seye Bandele and Lekan Omotosho, PaidHR offers a unified platform combining payroll, compliance, HRIS, performance management, and earned wage access.
The platform supports cross-border payroll in 49 currencies, enabling businesses to pay employees locally while navigating complex international HR regulations.
Before this round, PaidHR had secured $500,000 in pre-seed and $600,000 in seed funding; total investment now totals approximately $2.9 million.
To date, PaidHR processes salaries for over 200 businesses and onboarded more than 20,000 employees, handling approximately ₦29 billion in salaries in 2024.
The company has also launched an employee wallet feature, enabling workforce access to wages on demand and supporting financial wellness.
PaidHR will use the funding to enhance product development, expand customer success teams, and grow its presence in Nigeria and across Africa.
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Accion Venture Lab described the investment as a strategic fit, highlighting PaidHR’s role in bridging HR inefficiencies and enabling financial inclusion.
CEO Bandele said the funding will help scale PaidHR’s vision of HR management tailored for the African context and across borders.
Analysts note the startup sits at the intersection of HR-tech and fintech, offering administrative automation alongside financial services to employees.
With the additional capital, PaidHR plans to invest in compliance automation, analytics tools, and features that support SMEs and enterprise clients.
As businesses navigate remote work and regional expansion, platforms like PaidHR are becoming essential infrastructure for African companies scaling across borders.
