By Opeoluwa Okudero PaidHR, a Nigerian HR-tech startup helping businesses manage payroll and compliance, has raised $1.8 million in seed funding to deepen its footprint in Nigeria and expand its product offering. The round was led by Accion Venture Lab, with participation from existing investors Zrosk, Chui Ventures, and Zedcrest Capital—bringing PaidHR’s total raise to $2.9 million.
PaidHR provides a full-stack HR platform covering payroll, compliance, HRIS, performance management, and Earned Wage Access (EWA). The startup supports cross-border payroll in 49 currencies—positioning it as a lifeline for SMEs navigating local and international wage obligations.
“For a segment that often gets overlooked in the tech economy, SMEs are now being equipped with the same quality of infrastructure once reserved for large corporations,” said CEO Seye Bandele.
The new funding will support PaidHR’s product development and help scale customer support operations to onboard more businesses across Nigeria.
Financial Flexibility for Workers, Efficiency for Employers
Beyond backend support for businesses, PaidHR is also betting on employee financial wellness to drive retention and trust. It recently launched an in-app employee wallet that allows users to access and spend their earnings without transferring to a bank account—a move aimed at simplifying money access for staff, especially in underserved banking environments.
“We are proud to support the team as they deliver scalable, cost-effective solutions that help strengthen small businesses and enable employees to take control of their financial lives.”
As the digital infrastructure gap narrows across Africa, PaidHR’s focus on compliance, payments, and accessibility positions it as a rising player in the continent’s business software ecosystem—building not just tools, but trust, for the future of work.
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