PaidHR, a Nigerian HR technology company, is currently in negotiations to raise a $1.5 million seed round. The funding will fuel the company’s expansion into new markets and the launch of a groundbreaking cross-border payroll solution.
The new cross-border payroll feature enables businesses to pay employees in multiple currencies, simplifying global payroll processes. It also offers employees the flexibility to convert their earnings into their preferred currency and spend it directly. To ensure compliance with financial regulations, PaidHR partners with licensed financial institutions for secure transactions.
This innovative solution addresses the growing demand for efficient and borderless payroll services, particularly for Nigerian businesses and employees. By providing a convenient way to access and manage earnings in various currencies, PaidHR is empowering individuals and organizations to navigate the complexities of global finance.
With its suite of HR tools, including onboarding, payroll, performance management, and more, PaidHR is poised to become a leading HR tech provider in Africa and beyond. The company’s strong growth trajectory, coupled with its commitment to innovation, positions it for continued success in the competitive HR market.
