Nigerian HR technology startup PaidHR has raised $1.8 million in seed funding as it accelerates efforts to transform human resource management and workforce financial wellness across Africa.
The funding round, announced in June 2025, was led by Accion Venture Lab with continued participation from Zrosk, Chui Ventures, and Zedcrest Capital. This latest investment builds on PaidHR’s earlier pre-seed round of $500,000 secured in 2022, marking a significant milestone in the company’s growth.
In a statement published on its website, PaidHR reflected on its journey: “When we started PaidHR, all we had was a whiteboard, two laptops, and a belief that African businesses deserved better tools for managing their people and paying them right.”
Founded in 2020, the Lagos-based company provides an integrated platform that simplifies HR management, automates payroll across 49 currencies, and supports employee financial inclusion through tools such as Earned Wage Access. PaidHR currently serves more than 250 businesses in sectors including logistics, manufacturing, retail, and banking.
According to the statement, the company processed over $18 million (₦29 billion) in salaries and onboarded more than 20,000 employees to its platform in 2024 alone, earning the trust of businesses managing highly sensitive workforce data and payroll operations.
PaidHR said the fresh capital will be used to accelerate product development, expand its team, and scale employee-centric solutions such as compliance automation, HR analytics, and financial wellness tools. The company also plans to deepen its market presence across Nigeria, Kenya, South Africa, and other African economies.
“We are building HR management for the African context,” said PaidHR’s CEO and co-founder, Seye Bandele, in the statement. “This funding allows us to scale our vision, expand our reach, and deliver even more value to our clients.”
“Our mission is to ensure managing your workforce is not a burden but a growth opportunity. This investment is a resounding vote of confidence — not only in PaidHR, but in the potential of African businesses,” the statement added.
Expressing gratitude, PaidHR acknowledged the support of its clients, employees, and investors. “To every business that’s trusted us with their payroll, every employee who’s used our wallet, and every investor who’s believed in our vision — thank you. We’re building the future of work in Africa. And we’re just getting started.”
