“Deel Takes Over PaySpace in Africa, Reaches Impressive $500M Annual Revenue Milestone”

Founders Payspace 1
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.

Achieving $1M in ARR: The Secrets Revealed by Glasswing’s Rudina Seseri at TechCrunch Early Stage 2024

Tc Earlystage24 1x Speakerwordpresspostheader 1200x628
Interactive TC Early Stage sessions provide plenty of time to engage and ask questions. She has 19 years of investing and operational experience in high-growth companies in IT software, cloud and enterprise SaaS. TechCrunch Early Stage 2024 takes place on April 25, 2024, in Boston. Buy a TC Early Stage pass now, save up to $300* — and join us in Boston! Is your company interested in sponsoring or exhibiting at TC Early Stage 2024?