- HR solutions fintech Deel has acquired payroll and HR company PaySpace for an undisclosed amount.
- PaySpace, founded in 2002 and based in South Africa, offers local payroll engines and HR services across 44 countries.
- The acquisition positions Deel as the first global payroll company and Employer of Record (EOR) with its full-stack payroll engine localized in 50 countries.
- Deel aims to provide customers with tailored and localized compliance insights, the ability to adjust payroll anytime, and faster payroll processing cycles.
- Following the acquisition, Deel claims to own the full HR stack across six continents, with a presence in over 100 countries.
