No, PaidHR is not a fintech. It’s following a global HR-tech playbook
PaidHR launched a wallet app that processes over ₦1.3 billion monthly, allowing employees to access their wages directly. The company has disbursed ₦150 million in Earned Wage Access (EWA) last year to tackle liquidity gaps for employees.
Nigerian Fintech Raenest Raises $11 Million in Series A Funding
Raenest completed an $11M Series A funding round led by QED Investors. The total venture funding for Raenest now stands at $14.3M.
QED leads $11M investment in Nigerian fintech Raenest
Raenest offers virtual USD, GBP, and EUR accounts to freelancers for receiving payments. The company raised $11 million in Series A funding led by QED Investors.
Guide to Wage Payment Laws in Africa: What Startups Need to Know
Minimum wages vary by country, with South Africa enforcing a minimum wage of ZAR 25.42 per hour. Kenya requires bi-weekly payments to be made within 24 hours of the due date.
Cadana Secures $7.1M Seed Funding to Expand Payroll Services in Emerging Markets
The global freelance market has created a demand for solutions that automate payroll and streamline employment and tax regulations worldwide. Cadana's APIs and white-label products enable global workforces to integrate payments and payroll management into their existing systems.
