Deel acquires Africa’s PaySpace, says it’s crossed $500M in ARR
- Deel acquires African-based payroll and HR software company PaySpace.
- PaySpace has over 14,000 customers in 44 countries, including Heineken and Coca-Cola Beverages.
- Deel now owns over 150 entities globally and manages in-house, in-country payroll teams in over 70 countries.
The acquisition of PaySpace by Deel is a strategic move that allows Deel to expand its presence in Africa and strengthen its position in the HR industry. With over 14,000 customers and a strong track record of growth, PaySpace brings valuable expertise and technology to Deel's portfolio. This acquisition aligns with Deel's goal of becoming a global leader in HR services and positions them well for future success.
