Nigerian Startup PaidHR Secures $1.8M in Seed Funding to Expand HR Payroll Solutions Across Africa

Nigerian Startup PaidHR Secures $1.8M to Build Africa’s Future of Work

Nigerian HR tech startup, PaidHR has secured a $1.8 million seed round to build Africa’s future of work. Accion Venture Lab led the investment, which was participated in by existing investors Zrosk, Chui Ventures, and Zedcrest Capital.  With the latest round of funding, PaidHR plans to deepen its market share within Nigeria, accelerate product development, and expand its customer success teams.  PaidHR Supports Businesses With a Comprehensive HR…

With USD 1.8 M In Seed, Nigeria's PaidHR Goes From Managing Payroll To Managing Money

PaidHR started with the simple idea of helping Nigeria’s businesses pay their staff reliably. Four years later, the Lagos-based HR-tech startup is making a case for itself as something more ambitious: an ecosystem for salaries, benefits, and the payments that link them. Its new USD 1.8 M seed round, announced today and led by Accion Venture Lab, marks a pivotal moment in that evolution. Since launching in 2020, PaidHR has ridden Nigeria’s brutal…

PaidHR Raises $1.8m to Digitize Payroll and Financial Services for Africa’s Workforce - Innovation Village | Technology, Product Reviews, Business

PaidHR, a Nigerian HR-tech startup, has raised $1.8 million in seed funding to scale its operations and expand across key African markets. The company, co-founded in 2020 by Seye Bandele and Lekan Omotosho, offers a robust platform that combines payroll automation, compliance, and embedded financial tools tailored for small and medium-sized enterprises (SMEs) in Africa. The investment round was led by Accion Venture Lab, with additional backing …

PaidHR sees opportunity in Africa's small businesses, but the informal economy stands in the way

PaidHR’s cross-border payroll feature, launched to cushion Nigeria’s currency woes, now drives 15% of its revenue. With $1.8M in fresh funding, the startup plans to double down on it.

Nigeria-based PaidHR raises $1.8 million in seed round, its largest funding yet

Nigeria-based HR startup PaidHR has raised $1.8 million in a seed round led by Accion Venture Lab, with support from existing investors like Zrosk, Chui Ventures, and Zedcrest Capital. Founded in 2020 by Seye Bandele and Lekan Omotosho, the latest funding round is the startup’s largest funding yet. Before now, PaidHR had already raised $500,000 in late 2022 and an additional $600,000 in 2023. With the new funding round, the Nigerian-based startu…

PaidHR raises $1.8 million seed round

PaidHR, a Nigerian HR tech startup that aims to modernise payroll and human resource management for African businesses, has successfully closed a $1.8 million seed funding round. The investment was spearheaded by Accion Venture Lab, with significant follow-on participation from existing backers, including Zrosk, Chui Ventures, and Zedcrest Capital. Founded in 2020, PaidHR has broadened its reach from its Nigerian origins to serve small and mediu…