PaySpace by Deel is now Deel Native Payroll, powered by PaySpace (www.PaySpace.com)! One yr after being acquired by Deel, PaySpace by Deel has formally transitioned into Deel Native Payroll, powered by PaySpace. This milestone isn’t nearly a reputation change—it’s about why Deel acquired PaySpace within the first place.
PaySpace prospects can count on the identical highly effective payroll platform, now underneath Deel’s international model. Deel prospects can utilise real-time payroll, which implies real-time G2N (Gross-to-Web) calculations, shorter cut-off occasions, and fewer total stress and stress when operating payroll throughout a number of nations.
Deel Native Payroll, powered by PaySpace, previously referred to as PaySpace by Deel, is a market chief in payroll expertise, with greater than 20 years of payroll and HR expertise. Its versatile options cater to a variety of purchasers, together with small companies, enterprises, and payroll service suppliers. The corporate has constructed probably the most technologically superior native payroll engine, serving purchasers in 44 nations throughout Africa and the Center East. It has over 15,000 prospects, together with huge manufacturers like Heineken, Coca-Cola, and Puma Sports activities.
Deel is a trailblazer in international worker and payroll administration, enabling its prospects to function in numerous territories and simplify the complexities of managing workers in response to regional monetary and authorized necessities. With international operations in over 150 nations, Deel simplifies the complexities of worldwide payroll and HR, enabling corporations to handle their international workforce effectively and compliantly. Based in 2018, Deel is the fastest-growing unicorn in historical past (a unicorn is a privately owned startup valued at over US$1 billion—Deel is at present valued at over $12 billion), serving to companies rent anybody, wherever.
PaySpace is now Deel Native Payroll: New Model, Identical Group and Innovation
The acquisition, concluded in 2024, aligns the award-winning Deel Native Payroll staff and cloud-native PaySpace platform with Deel’s international operations. Deel Native Payroll is an unbiased subsidiary and a payroll product offered as a self-service possibility alongside Deel’s international payroll product. Deel prospects profit by enhanced, progressive, and extra versatile payroll instruments for his or her groups.
The PaySpace calculation engine is now Deel’s calculation engine, onto which Deel has localised its Employer Of Report (EOR) and World Payroll (GP) merchandise throughout quite a few nations, together with the UK, South Africa, Canada, and the UAE. Deel will maintain localising nations onto this single engine—a novel aggressive providing within the payroll market.
Below the Deel model, Deel Native Payroll will proceed to offer the identical glorious payroll software program and devoted staff that its prospects have come to depend on, with the identical administration staff, workers, help, channels, and logistics—solely the identify has modified. This seamless transition ensures no disruption to present buyer contracts, methods, or processes.
Deel Native Payroll’s core cloud-native platform is now the PaySpace platform, an intrinsic a part of how Deel delivers payroll providers at grassroots ranges to prospects throughout the globe.
The PaySpace platform consists of groundbreaking options:
- Automated legislative updates which are pushed on to prospects.
- Sturdy integration with dozens of enterprise purposes and information sources.
- In depth automation options to take away stress on payroll groups.
- Highly effective scale and suppleness that helps altering enterprise necessities.
- Safe wherever, anytime entry for a number of customers and units.
- Pacey, a WhatsApp worker self-service bot for payroll slips and different info.
“After we based PaySpace, we got down to create world-class payroll administration that served all markets. Taking inspiration and classes from our prospects in Africa and leveraging cutting-edge cloud applied sciences, we constructed a real Twenty first-century payroll service that evolves with the wants of recent corporations and their workforces. The rebranding from PaySpace to Deel Native Payroll permits for deeper integration with Deel, positioning us for continued success and progress. It’s a optimistic transfer, constructing on the sturdy basis we’ve already established,” says Bruce van Wyk, CEO at Deel Native Payroll, powered by PaySpace.
Deel’s acquisition of Payspace, now Deel Native Payroll, and the PaySpace platform is a big win for patrons. It additionally serves as a testomony to the resilience and suppleness of African tech. Deel, Deel Native Payroll, and the PaySpace platform are constructing brilliant futures for his or her prospects as they proceed to innovate and supply world-class payroll options constructed to simplify and improve payroll at each degree.
Distributed by APO Group on behalf of PaySpace.
Media contact:
Victoria Lindsay
victoria@innocomm.co.za
About Deel Native Payroll:
Deel Native Payroll, powered by PaySpace, revolutionises payroll administration. It provides on-line, multi-country payroll and HR administration for companies from start-ups by to enterprise in over 40 African nations, the UK, the Center East, and Brazil.
Cloud-native, Deel Native Payroll, is scalable, configurable, extremely safe, and easy-to-use—delivering anytime, wherever entry. It options payroll automation, self-service options, computerized laws and have updates, customised reporting, and extra.
Since 2024, Deel Native Payroll has been a part of Deel, working as an unbiased subsidiary, serving its prospects by the PaySpace platform.
