Deel completes acquisition of PaySpace to become a market leader in global payroll
Acquiring Company
Deel
Acquired Company
PaySpace
San FranciscoDescription
Deel, a global payroll and HR company, has announced the acquisition of PaySpace, an African-based payroll and HR company. This strategic acquisition positions Deel as a market leader in global payroll, deepening Deel’s native infrastructure and coverage, and furthering its ambition to serve 100 countries with native payroll engines.
Quick answer
Deel is acquiring PaySpace, announced March 5, 2024. Deel is based in San Francisco, California, United States.
- How much did Deel pay for PaySpace?
- The deal value was not disclosed.
- What does Deel do?
- Deel is a global compliance and payroll solution that helps businesses hire anyone, anywhere.
- Where are Deel and PaySpace based?
- Deel is based in San Francisco, California, United States. PaySpace is based in Africa, Umbria.
Source: Fundz verified event record.
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Who to call at Deel, and when
When Deel changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Deel raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Deel, from your own LinkedIn network
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Frequently asked
Who acquired PaySpace?
PaySpace was acquired by Deel, based in San Francisco. The deal was reported on March 5, 2024. Deel is a global compliance and payroll solution that helps businesses hire anyone, anywhere. Deel is privately held.
When did Deel acquire PaySpace?
Deel's acquisition of PaySpace was reported on March 5, 2024. Deel, a global payroll and HR company, has announced the acquisition of PaySpace, an African-based payroll and HR company. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does PaySpace do?
PaySpace is a cloud-native payroll and HR technology company that offers multi-country payroll and HR functionality with built-in compliance for organizations of all sizes and industry sectors. It is privately held, operating in Software, and is based in Africa.
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