--- title: "Deel acquires Africa’s PaySpace, says it’s crossed $500M in ARR" url: https://daily.dev/posts/deel-acquires-africa-s-payspace-says-it-s-crossed-500m-in-arr-lnh8wzuj5 source_url: https://techcrunch.com/2024/03/05/deel-acquires-payspace-500m-arr/ type: article source: "TechCrunch" published: 2024-03-05T08:21:50.457Z updated: 2026-03-15T02:55:52.375Z tags: ["acquisition", "fintech", "hr", "startup"] reading_time: 4 upvotes: 0 comments: 0 language: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Deel acquires Africa’s PaySpace, says it’s crossed $500M in ARR **[TechCrunch](https://daily.dev/sources/tc)** · 4 min read · 0 upvotes · 0 comments ## Summary Deel has acquired African-based payroll and HR software company PaySpace, marking its largest acquisition to date. PaySpace has over 14,000 customers in 44 countries, and the acquisition strengthens Deel's footprint in Africa. Deel also announced that it has crossed $500 million in annual recurring revenue (ARR). ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Similar posts on daily.dev - [Don’t just attend KubeCon \+ CloudNativeCon, Merge Forward your experience\!](https://daily.dev/posts/don-t-just-attend-kubecon-cloudnativecon-merge-forward-your-experience--l0rpp73x8) · CNCF · 0 upvotes · 0 comments - [Announcing H2 2026 KCDs](https://daily.dev/posts/announcing-h2-2026-kcds-m96goajm1) · CNCF · 1 upvotes · 0 comments - [Two months of Open Community Groups](https://daily.dev/posts/two-months-of-open-community-groups-asf52zhbs) · CNCF · 0 upvotes · 0 comments --- Tags: [#acquisition](https://daily.dev/tags/acquisition), [#fintech](https://daily.dev/tags/fintech), [#hr](https://daily.dev/tags/hr), [#startup](https://daily.dev/tags/startup) [View this post on daily.dev](https://daily.dev/posts/deel-acquires-africa-s-payspace-says-it-s-crossed-500m-in-arr-lnh8wzuj5)