Payslip has secured new growth financing from Salica Investments to accelerate the expansion of its AI-powered global payroll platform and strengthen its international operations. With 10 years under its belt, this Dublin-based business has grown at a compounded annual growth rate of 60%, with positive EBITDA and an expectation that revenues will double every second year. With this investment, Payslip will be able to grow their staff, innovate, and continue developing their enterprise-level payroll automation and artificial intelligence services.
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Currently, Payslip provides automation for over 1.3 million payroll statements monthly in over 125 countries and manages over €5 billion worth of payroll transactions internationally. The need for centralized and compliance-friendly payroll infrastructure has been growing due to changes such as the European Union’s Pay Transparency Directive. “Payslip’s automation and AI capabilities are already delivering up to 55% efficiency gains for multinational organisations, helping enterprise teams simplify complexity, strengthen compliance and operate with greater agility at global scale,” said Fidelma McGuirk, Founder and CEO of Payslip.
