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Deel Local Payroll, powered by PaySpace logo — Effortless payroll. Always compliant. Award-winning cloud-na...

Deel Local Payroll, powered by PaySpace

Effortless payroll. Always compliant. Award-winning cloud-native platform. A Deel company.

Founded 2002 South Africa South Africa 372 employees Acquired Total: $100.00M Information Technology, Human Resources

General Information

Company Name Deel Local Payroll, powered by PaySpace
Founded Year 2002
Location South Africa South Africa
Founders / Decision Makers
Team member Team member
Employees 372
Industries Information Technology, Human Resources
Funding Stage Acquired
Business Model SaaS, B2B, Platform
Revenue Model Subscription, Service Fee, Usage Based
Social

BounceWatch is an independent company data service, not affiliated with Deel Local Payroll, powered by PaySpace. To contact Deel Local Payroll, powered by PaySpace, visit payspace.com.

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About Deel Local Payroll, powered by PaySpace

Deel Local Payroll, powered by PaySpace, is a cloud-native platform that offers scalable and highly secure payroll solutions. This platform is tailored to improve operational efficiency with options for self-serve payroll or outsourcing to in-house experts, making it a versatile tool for HR and payroll teams globally.

Founded in 2002 and headquartered in South Africa, the company has made significant strides, expanding its reach into over 40 African countries, the United Kingdom, Brazil, and the Middle East. Serving over 15,000 customers across various sectors, it ensures compliance for organizations of all sizes.

In 2024, Deel Local Payroll was acquired by Deel for $100.00M—the largest acquisition by Deel to date. This acquisition aims to integrate it as Deel’s exclusive payroll engine, aligning with Deel's vision of becoming a comprehensive solution for global payroll and HR management. This strategic move highlights its potential for growth and enhanced service delivery, making it an attractive prospect for investors in the Information Technology and Human Resources industries.

Business keywords: Cloud-Native Platform, Payroll Technology, Human Resources Solutions, Compliance Management, Operational Efficiency, Self-Serve Payroll, Payroll Outsourcing, In-House Payroll Experts, HR and Payroll Functionality, Global Payroll Solutions, Employee Self Service, Performance Management, Security Management, Training and Skills Management, Workflow Processes

Services & Products

Payroll and HR Solutions
Managed Payroll Services
Payroll Automation
HR Management
AI-Powered Support
Consulting Services
Training Programs

Target Customers

Small Businesses Growing Businesses Enterprises Multi-Entity Organizations Human Resource Executives Payroll Administrators

Funding Rounds & Investors (1)

View All
Funding Stage Amount Investors Lead Investors Date
Acquisition $100.00M 1
Deel
01 Mar 2024

Deel Local Payroll, powered by PaySpace Alternatives & Competitors

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Deel Local Payroll, powered by PaySpace vs
Ultimate Software
Ultimate Software United States

Built from the merger of Ultimate Software & Kronos Inc, we are now UKG. We provide global #HCM, #pa...

Post-IPO Equity
612 employees
AI, Cloud Infrastructure
Deel Local Payroll, powered by PaySpace vs
ZenHR
ZenHR Saudi Arabia

ZenHR - Technology with the power to transform HR

Venture round
173 employees
Information Technology, SaaS
Deel Local Payroll, powered by PaySpace vs
OrangeHRM
OrangeHRM United States

HR for All

Seed
175 employees
IT, Information Technology
Also compare with: Deel Local Payroll, powered by PaySpace vs palm.hr palm.hr View all alternatives

FAQ About Deel Local Payroll, powered by PaySpace

Effortless payroll. Always compliant. Award-winning cloud-native platform. A Deel company.
Deel Local Payroll, powered by PaySpace was founded in 2002.
Deel Local Payroll, powered by PaySpace is headquartered in South Africa.
Deel Local Payroll, powered by PaySpace operates in Information Technology and Human Resources. Its work centres on Cloud-Native Platform, Payroll Technology, Human Resources Solutions and Compliance Management. Its customers include Small Businesses, Growing Businesses and Enterprises.
Deel Local Payroll, powered by PaySpace has a SaaS, B2B and Platform business model. Its revenue comes from Subscription, Service Fee and Usage Based.
Deel Local Payroll, powered by PaySpace has approximately 372 employees.
Deel Local Payroll, powered by PaySpace has completed 1 funding round, raising a total of $100.00M. The latest funding stage is Acquired.
Deel Local Payroll, powered by PaySpace offers: Payroll and HR Solutions, Managed Payroll Services, Payroll Automation, HR Management, AI-Powered Support, Consulting Services, Training Programs.
Top alternatives and competitors to Deel Local Payroll, powered by PaySpace include Ultimate Software, ZenHR, OrangeHRM, Delphia Consulting, LLC, Paylocity. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Deel Local Payroll, powered by PaySpace and Ultimate Software are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Deel Local Payroll, powered by PaySpace, https://bouncewatch.com/company/payspace-by-deel, updated 21 June 2026. When citing, please name BounceWatch and link this page.

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