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Deel Acquires PaySpace
Deel's HR infrastructure fuels direct and indirect global expansion and reach.
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CIO Applications | Tuesday, April 02, 2024

Deel's HR infrastructure fuels direct and indirect global expansion and reach.
FREMONT, CA: “Global payroll is hard to do and critical to get right. As a company, you want assurances you can pay your teams on time, compliantly, anywhere in the world. PaySpaces single-platform payroll expertise and breadth of coverage, particularly in Africa and the Middle East, combined with PayGroup's presence in APAC, will give Deel customers the reach they need to grow their businesses globally. Our long-term vision is to be the most comprehensive payroll system in the world,” says Alex Bouaziz, co-founder and CEO of Deel.
Deel, a global HR company, announced today that it is acquiring PaySpace, an African-based payroll and HR solution provider, for an undisclosed amount. It is one of Deels' largest acquisitions to date.
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PaySpace has over 20 years of experience in payroll technology, serving over 14,000 customers in 44 countries. Its size, expertise, and proprietary, disruptive payroll technology provide unparalleled scale and reach. Customers include multinational corporations from various industries, such as Heineken, Coca-Cola Beverages, and Puma Sports SA. By acquiring PaySpace, Deel will become the first global payroll and Employer of Record (EOR) to have its full-stack payroll engine localized in 50 countries and integrated into its offerings.
“Like PaySpace, Deel strives to evolve its offering through disruption. We set out to modernize the payroll industry, which was burdened by manual processes and stringent legislative and compliance requirements, much like Deel revolutionized global hiring. This acquisition brings together leading employment services and payroll technology expertise, delivering a unique and powerful customer offering with unrivaled automation, flexibility and scalability,” says Clyde van Wyk, Director of PaySpace.
Deel can be the system of record for HR organizations worldwide, providing customers with a simple and unified interface for managing their global teams. It leads to increased efficiency and control for businesses, faster payroll cycles, more localized compliance insights relevant to their workforce, and the ability to make payroll changes at any time.
The news follows Deels' acquisition of PayGroup, a leading APAC payroll provider. Deel now owns the entire HR stack, including entities, local teams (legal, HR, payroll), and local payroll engines on six continents. Its four-year goal is to serve 100 countries with native payroll engines, and this acquisition is a significant step toward that objective.
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