![Founders Payspace 1](https://techgroundnews.com/wp-content/uploads/sites/4/2024/03/Founders-PaySpace-1-768x512.jpg)
On Tuesday, the HR startup announced it is acquiring African-based payroll and HR software and services company PaySpace in a deal that marks its largest acquisition to date.
Financial terms of the PaySpace acquisition were not disclosed.
Separately, San Francisco-based Deel also revealed Tuesday that it has crossed $500 million in annual recurring revenue (ARR), organically, outside of this acquisition.
With the various buys, Deel claims that it now owns the full HR stack — entities, local teams (legal, HR payroll), and local payroll engines — across six continents.
Theirs is one of the best technologies we’ve ever seen … We had to do a lot of convincing.”In a written statement, PaySpace Director Clyde van Wyk said: “Like PaySpace, Deel strives to evolve its offering through disruption.
![Maxab Warehouse](https://techgroundnews.com/wp-content/uploads/sites/4/2023/12/MaxAb-warehouse-768x512.jpeg)
Egyptian B2B e-commerce startup MaxAB and Wasoko, a Kenya-based e-commerce player with operations in Tanzania, Rwanda, Uganda and Zambia, are in talks to merge operations, TechCrunch has exclusively learned from multiple sources.
The merger talks come as B2B e-commerce companies in Africa continue to scale back operations due to funding scarcity.
TechCrunch learned that the company had only received $30 million by the time merger talks, which are said to be investor-led, started.
As of last year, the prospect of a merger between MaxAB and Wasoko, both asset-heaving B2B e-commerce startups, seemed unlikely.
The eight-year-old B2B e-commerce company has since expanded to Zambia and the Democratic Republic of Congo.
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As a pediatric radiologist, Jaishree Naidoo was used to seeing animals in scans, but she had a moment of epiphany after coming across a story detailing the use of artificial…
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Technology has transformed how businesses operate, yet the process of selling and buying property has largely remained unchanged. Social media may be the key to changing this, as proptech companies…
![Jetstream, a Ghanaian e-logistics platform for Africa’s B2B importers and exporters, takes in $13M equity, debt • TechCrunch](https://techgroundnews.com/wp-content/uploads/sites/4/2023/01/1673341502_Jetstream-a-Ghanaian-e-logistics-platform-for-Africas-B2B-importers-and-768x421.jpeg)
The market for cross-border logistics services is expected to reach $32 billion by 2025, and competition in the industry is heating up. Ghanaian e-logistics startup Jetstream Africa has just secured…