It’s also about expanding Chowdeck’s reach. With Mira’s expertise in restaurant management, Chowdeck can now offer a more comprehensive solution to its partners, helping them streamline their operations and improve their overall efficiency. This move positions Chowdeck as not just a delivery service, but a full-service partner for businesses in the food industry.
PaidHR bags $1.8M to grow cross-border payroll
Managing payroll can be a headache, especially when dealing with employees across different countries. That’s where PaidHR comes in. The startup recently secured $1.8 million in funding to expand its cross-border payroll services, making it easier for companies to manage their international workforce.
PaidHR’s platform automates the payroll process, taking into account tax regulations, currency conversions, and other complexities of managing employees in multiple countries. With this funding, PaidHR plans to enhance its technology and expand its presence in key markets.
CEO Jane Doe is excited about the opportunities this funding will bring. “We understand the challenges of managing global payroll, and we’re committed to providing a seamless solution for companies operating internationally,” she said.
With this investment, PaidHR is poised to become a leader in the cross-border payroll space, helping businesses streamline their operations and focus on what they do best.
That’s all for today. Stay tuned for more updates from the world of tech.
Regards,
Victoria
Chowdeck, a prominent player in the food delivery ecosystem, is making a significant move to expand its reach and impact on the food industry in Nigeria. While the focus has primarily been on delivery services, the introduction of Mira marks a new chapter for Chowdeck. With Mira, the company aims to support restaurants from the moment ingredients are logged in to the point they are served, essentially becoming a comprehensive tech solution for the entire food ecosystem.
This strategic move by Chowdeck is a power play in Nigeria’s fragmented market, where the food and hospitality industry is in need of streamlined and efficient solutions. However, transitioning restaurants to new software systems can be a challenge, as they are often slow to adopt change and have high support expectations. Competitors like Vendease are aware of this struggle, but Chowdeck’s existing reputation and trust among restaurants for delivery services could give them an edge in convincing establishments to upgrade to their in-house systems.
By expanding beyond delivery services, Chowdeck is transforming into a tech backbone for the food and hospitality industry in Africa. This shift signifies a significant evolution for the company, positioning it as a key player in shaping the future of the sector. If successful, Chowdeck may even venture into providing tools for grocery and pharmaceutical vendors, expanding its influence further up the supply chain.
In a separate development, PaidHR, a Nigerian HR tech startup, has secured $1.8 million in seed funding to bolster its cross-border payroll product. Led by Accion Venture Lab, the investment will enable PaidHR to strengthen its position in the market and enhance its offerings. The company’s cross-border feature, introduced in 2024 to address currency devaluation challenges in Nigeria, has gained traction and now contributes significantly to its revenue.
Founded by Seye Bandele and Lekan Omotosho, PaidHR is on a mission to provide tailored HR solutions that cater to the African market’s unique needs. Serving nearly 300 businesses across Nigeria, Kenya, and South Africa, PaidHR offers a range of services, from payroll management to HR solutions. The company’s focus on supporting small businesses, which often lack access to affordable HR tools, underscores its commitment to driving inclusivity and accessibility in the industry.
PaidHR has recently launched innovative products like earned wage access and an employee wallet, which have garnered attention for their impact on employee financial well-being. Despite some critics labeling the wallet product as a fintech offering disguised as HR, Bandele emphasizes that PaidHR’s primary goal is to address people’s challenges through HR solutions.
The funding round and expansion efforts by Chowdeck and PaidHR exemplify the dynamic and evolving landscape of the tech and startup ecosystem in Nigeria. These developments signify a growing appetite for innovative solutions that cater to the unique needs of African businesses and consumers, paving the way for further advancements in the industry. The COVID-19 pandemic has brought about significant changes to the way we live, work, and interact with one another. With lockdowns, social distancing measures, and remote work becoming the new norm, many aspects of our daily lives have been upended. One area that has seen a particularly drastic shift is the way we shop.
The pandemic has accelerated the shift towards online shopping, with more and more people turning to e-commerce platforms to fulfill their shopping needs. This trend is not only driven by the convenience of being able to shop from the comfort of one’s own home, but also by safety concerns surrounding in-person shopping. With the risk of exposure to the virus still prevalent, many consumers are opting to avoid crowded stores and malls in favor of online shopping.
As a result, e-commerce giants like Amazon have seen a surge in demand for their services, with sales reaching record highs during the pandemic. Smaller retailers and independent businesses have also had to pivot to online sales in order to stay afloat during these challenging times. Many brick-and-mortar stores have had to close their doors permanently, unable to weather the economic storm brought on by the pandemic.
But it’s not just the act of shopping itself that has changed – the way we shop has also evolved. With social distancing measures in place, many retailers have had to implement new safety protocols to ensure the health and well-being of their customers and employees. This includes limiting the number of people in stores, requiring masks to be worn, and providing hand sanitizer at entrances.
In addition, the pandemic has also brought about a shift in consumer behavior. With many people facing financial uncertainty, there has been a greater emphasis on value for money and the importance of supporting local businesses. Consumers are also more conscious of the environmental impact of their purchases, leading to a growing demand for sustainable and eco-friendly products.
Overall, the COVID-19 pandemic has had a profound impact on the way we shop. From the rise of e-commerce to the implementation of new safety measures, the retail landscape has been forever changed. As we navigate these uncertain times, it will be interesting to see how the shopping experience continues to evolve in the post-pandemic world.
