Payslip announced that it has secured new growth financing to support international expansion and continued investment in its AI-powered payroll platform.
The financing round was led by London-based Salica Investments following competition from multiple providers that sought to back the business. The company said the funding will help support increased hiring and rising customer demand as it continues scaling globally.
The announcement comes as Payslip marks its 10th year in business, with the company reporting 60% CAGR in recent years alongside strong EBITDA positivity. Payslip also said it remains on track to double revenue every two years as demand increases for centralized and AI-driven payroll infrastructure.
Payslip’s platform currently automates more than 1.3 million monthly payslips across over 125 countries and supports more than €5 billion in payroll payments worldwide. The company said enterprises are increasingly seeking unified and audit-ready payroll systems as regulations such as the EU Pay Transparency Directive increase compliance and reporting requirements.
The company also highlighted continued momentum through its partnership with Deloitte and an expanding customer base that includes Cloudera, Just Eat Takeaway, EQT, Flix, and Zalando.
According to the company, AI capabilities are now embedded directly into payroll workflows through Payslip Alpha, enabling anomaly detection, automated input standardization, and real-time adaptation across jurisdictions. Payslip said the platform continues improving as usage scales by learning country-specific payroll rules, exceptions, and integrations.
Founded in 2016 by Fidelma McGuirk and headquartered in County Mayo, Ireland, Payslip said it has now raised $21 million in total funding from investors including Salica Investments, Tribal VC, Frontline Ventures, MiddleGame Ventures, and Mouro Capital.
KEY QUOTES:
“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.”
Fidelma McGuirk, Founder and CEO, Payslip
“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.”
Fidelma McGuirk, Founder and CEO, Payslip
