DEMO Top 40: Paysail Helps Businesses and Accountants Run Payroll Via Mobile Money

PaySail is the easiest way for businesses and accountants in Africa to run payroll, file tax and social security and also pay employees via Mobile Money or through the Bank. With a keen focus on simplicity of design and ease of use, PaySail automates every aspect of the payroll process.

Product

With PaySail, payroll taxes are automatically calculated each month, based on employees’ basic salaries. Paysail generates simple payroll reports available in multiple formats (including Excel). Paysail also generates and sends payslips to employees by email. These payslips can be accessed by the employee at anytime, from anywhere.

Value

By providing an extremely easy way for businesses to run payroll, pay employees and file taxes, we want to give local businesses a better payroll experience.

Successes

Our first success was to raise seed funding from the Meltwater Foundation. It’s generally hard for startups in Ghana to raise seed funding of any amount.

Our next success is that we are currently processing payroll for over 60 businesses after 5 months of starting PaySail.

We also ranked 2nd place at the Seedstars Accra event held in June this year.

Currently, we are one of 5 DEMO Africa LIONS who will be pitching in the US at DEMO.

Team

Precious Nyarko, CEO — Precious is a former Corporate Accounts manager at City Investments Company Limited. He is an Accountant by profession and a Graduate of Zenith University College . Precious also years of experience designing user interaction for scalable mobile and web applications.

Samuel Ako, CTO — Samuel Ako has over 5 years programming experience. His specialty is in developing scalable backend infrastructure for mobile and web applications. He also has strong interests in BigData and Natural Language Processing. He has a degree in Mathematics and Computer Science from University of Ghana Legon.

Osborn Adu-Kwarteng, Business Development — Osborn is a Google certified AdWords practitioner and has a degree in Mathematics from KNUST. Osborn loves to develop business strategies and to manage technical projects. Also is also a programmer and spends time developing various software projects using new web technologies.

Development Stack

PaySail is built with Node.js using the Express Framework. We currently host PaySail on Heroku whilst we use MongoDB to manage our data.

Contact/Social Media/Job Openings

Find us on Twitter on @happypayroll. You can also reach us by mail at info@paysail.co. Please visit https://www.paysail.co/jobs to see our job postings