Olufemi Adeyemi 

PaidHR Secures Fresh Capital to Expand Across Borders

Nigerian HR technology startup, PaidHR, has announced the close of a $1.8 million seed funding round, led by Accion Venture Lab, with additional backing from existing investors Zrosk, Chui Ventures, and Zedcrest Capital. This latest round brings the company’s total external funding to $2.3 million, following a $500,000 pre-seed raise in 2022.

The funding marks a major step forward in PaidHR’s mission to simplify payroll and human resources management for African businesses, particularly as enterprises navigate complex regulatory environments and rapid workforce growth.

Tailored HR Tools for the African Market

CEO Seye Bandele emphasized that the company is building tools specifically designed for the African context.

“We are building HR management for the African context, and this funding allows us to scale our vision, expand our reach, and deliver even more value to our clients,” he said. “With the support of Accion Venture Lab and our returning investors, we are well-positioned to help businesses grow and scale more effectively across borders.”

PaidHR offers an integrated platform that helps African businesses automate payroll, manage employee data, ensure compliance, and gain workforce insights. The company has emerged as a trusted partner in sectors such as logistics, retail, manufacturing, and banking.

Strong 2024 Performance: $18 Million Processed

PaidHR has quietly been scaling. In 2024 alone, the startup processed over $18 million (N29 billion) in salaries and successfully onboarded over 20,000 employees to its platform.

“We’ve been quietly working, innovating, and growing. We’ve earned the trust of businesses with the most sensitive workforce data and payroll processes,” the company stated.

The startup attributes its rapid growth to its focus on localised solutions, strong security protocols, and seamless user experience.

Expanding Capabilities and Geographic Reach

With its fresh seed funding, PaidHR plans to accelerate product development, expand its team, and extend its footprint across more African markets. According to the company, specific areas of investment include:

  • Product innovation, including employee financial wellness tools
  • Compliance automation for smoother cross-border operations
  • Advanced HR analytics to support data-driven decisions
  • Enhanced customer support through team expansion
  • Geographic expansion into new African regions

Investors Signal Long-Term Confidence

Commenting on the raise, PaidHR noted that the backing was especially significant amid current global economic uncertainty.

“We are humbled by the unwavering belief our investors have in our mission. This investment is a resounding vote of confidence in the future of African businesses and in our commitment to empowering them,” the team said.

As the continent’s workforce and digital economy expand, PaidHR is positioning itself as a critical player in how businesses manage people, data, and performance at scale.

PaidHR joins a growing list of African startups using tech-enabled platforms to tackle long-standing business process challenges, signaling that innovation in HR-tech and workforce digitisation is gaining momentum on the continent.