Payslip, a global payroll control platform that helps multinational companies standardise and automate payroll operations, has secured new financing from London-based Salica Investments to fund international expansion and product development.
The investment was won in a competitive process, with several other providers tendering for the business. The funds will be used to grow Payslip’s headcount in line with increasing customer demand.
The company processes more than 1.3 million payslips monthly across more than 125 countries and powers over €5bn in payroll payments globally.
The raise comes after a sustained period of strong performance, with Payslip recording a 60% compound annual growth rate in recent years alongside positive EBITDA, while maintaining a trajectory of doubling revenue every two years. The company also recently marked the two-year anniversary of its strategic partnership with Deloitte.
Founded in 2016 by Fidelma McGuirk and headquartered in County Mayo, Ireland, Payslip provides enterprise organisations with greater control, automation and visibility over complex international payroll operations. Its Global Payroll Control Platform integrates with HCM, accounting and ERP systems to support centralised control, real-time visibility and compliance at scale.
The company’s AI suite, Payslip Alpha, embeds artificial intelligence directly into payroll workflows, identifying anomalies, standardising inputs and adapting in real time across different jurisdictions.
The platform’s growing customer base includes Cloudera, Just Eat Takeaway and EQT, with Flix and Zalando among the latest additions.
Payslip founder and CEO Fidelma McGuirk said, “This year marks our 10th year in business. Over the past decade, we’ve built a platform trusted by the world’s leading multinational organisations to bring control and consistency to one of the most mission critical business areas.
“As the Fourth Industrial Revolution reshapes global business operations, automation and operational efficiency across core enterprise functions have become essential for competitiveness. Organisations are under growing pressure to gain greater visibility, standardisation and control across increasingly complex international payroll environments, particularly as AI accelerates the pace of operational change.”
McGuirk added, “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. This investment enables us to further accelerate innovation in AI and continue expanding our international presence as demand for intelligent payroll infrastructure continues to grow.”
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