Strategic acquisition and capital raising

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About PayGroup Limited (ASX: PYG)

PayGroup is a leading provider of Software as a Service (“SaaS”) and Software with a Service (“SwaS”) Payroll and Human Capital Management (“HCM”) solutions to multinational companies (“MNCs”) and workforce management companies operating across 33 countries, comprising three subsidiaries:

  • PayAsia – a specialist provider of HCM and Pay solutions based in Singapore;
  • Astute – a SaaS-based Pay & Bill provider in Australia and New Zealand to workforce management companies; and
  • TalentOz – comprehensive Global cloud-based HCM software with payroll modules.

Key service offerings:

  • SaaS solutions for “Hire to Retire” HCM, human resources administration functions, expense management, electronic payslips, leave management, workflow, and employee updates
  • Treasury services offering salary disbursement and statutory payroll payment services on behalf of clients for their employees including monetisation activities through the distribution of financial wellbeing products

Developed a strong and growing brand and expertise in the Asia Pacific region:

  • ~60% of Asian MNCs have regional headquarters in Singapore due to tax incentives
  • PYG is the only group who can provide a single view of a workforce and single vendor treasury services across 33 countries 226 employees in 11 countries servicing over 915 clients, processing 5.0m+ payslips per annum

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