PaidHR, a Nigerian human resource technology startup, has secured $1.8 million in seed funding to deepen its footprint in Africa’s HR management space. The round was led by Accion Venture Lab, with continued backing from earlier investors including Zrosk, Chui Ventures, and Zedcrest Capital.
The funding is a significant milestone for the startup, which focuses on streamlining payroll, HR, and workforce management systems tailored to the African business landscape. With this investment, PaidHR plans to accelerate product development, grow its team, and extend its services across new African markets.
Speaking on the development, the company’s CEO said the investment would allow PaidHR to deliver even more value to businesses across the continent, especially those scaling across borders. “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 stated.
Despite an uncertain global economic environment, the company described the funding as a strong show of investor confidence in its mission and in the potential of Africa’s growing enterprise sector. “This investment is a resounding vote of confidence in the future of African businesses and in our commitment to empowering them,” the company said.
PaidHR has seen notable traction in 2024, processing over $18 million (₦29 billion) in salaries and onboarding more than 20,000 employees onto its platform. It currently serves clients across diverse sectors including logistics, manufacturing, retail, and banking—handling sensitive workforce and payroll data for companies of varying sizes.
The latest funding round brings the company’s total external investment to $2.3 million, following a $500,000 pre-seed raise in 2022.
Looking ahead, PaidHR will channel the new funds into expanding its team, strengthening customer support, and enhancing its technology stack. The company also intends to roll out features that focus on employee financial wellness, automate compliance, and offer advanced HR analytics to help businesses make smarter workforce decisions.
The firm is positioning itself to become a critical digital infrastructure layer for human capital management across Africa’s growing SME and enterprise segments—aiming to serve both local businesses and regional firms looking to scale operations more efficiently.
