Deel, a US-based global payroll provider, has acquired PaySpace, an African payroll and HR services company. This acquisition strengthens Deel’s position as a leading entity in international human resources management.

International recognition for PaySpace’s expertise

Deel, a US-based global payroll provider, has acquired African payroll and HR services company PaySpace. Although the financial details were not disclosed, experts estimate the deal to be worth around 100 million USD. This acquisition is one of Deel’s largest to date and supports its goal of establishing a presence in over 100 countries.

This news follows Deel’s recent acquisition of the German personal development platform Zavvy, valued at approximately 20 million USD. Co-founder and CEO Alex Bouaziz stated, « Global salary management is difficult, and getting it right is essential. As a company, you want to be sure that you can pay your teams on time, in full compliance, anywhere in the world ».

PaySpace brings recognized expertise in payroll management, particularly in Africa and the Middle East. Combined with PayGroup’s presence in the Asia-Pacific region, this acquisition will help Deel’s customers expand their businesses globally.

Modernizing the payroll industry in Africa

HR payroll engine giant PaySpace serves customers in Africa, Latin America, and the Middle East. With over 20 years of experience in payroll technology, PaySpace offers payroll engines and HR services in 44 countries across Europe, Latin America, the Middle East, and Africa.

Clyde van Wyk, Director of PaySpace, states, « Like PaySpace, Deel strives to transform and evolve its offerings. We aimed to modernize the payroll industry, which was burdened with manual processes and complex compliance requirements, just as Deel revolutionized global recruitment ».

This acquisition unites leading employment services with advanced payroll technology expertise. PaySpace serves over 14,000 customers, including multinational corporations like Heineken, Coca-Cola Beverages, and Puma Sports SA. Due to its size, expertise, and innovative payroll technology, PaySpace has achieved unparalleled scale and reach in the industry.

Payroll engine available in 50 countries

With the acquisition of PaySpace, the California-based company is set to become the first global employer of record (EOR) and payroll manager to have its own comprehensive payroll engine localized in 50 countries, seamlessly integrated with its services.

This strategic move positions the American giant as the benchmark for HR organizations worldwide, providing its customers with a simple, unified interface for managing their global teams. This evolution promises, among other things:

• Greater efficiency and control for companies
• Faster payroll cycles
• Access to relevant compliance information
• Make changes to their payroll at any time

This operation positions Deel as the owner of all major HR solutions, including entities, local teams (legal, HR, payroll) and local payroll engines on six continents.

Deel plans to serve 100 countries with its HR payroll engine

This latest initiative is part of the company’s ambitious goal to serve 100 countries with native payroll engines over the next four years. Deel has achieved remarkable growth in less than five years, now employing 3,000 people across more than 100 countries.

Since its inception in 2018, the recruitment and payment services provider has evolved into an all-in-one HR and payroll solution for global teams. With ownership of over 150 entities worldwide and in-house payroll teams in more than 70 countries, Deel offers a comprehensive range of services, including digital services employer of record, subcontractor management, immigration assistance, HRIS, and performance management.