Lekan Omotosho (PaidHR)
Overview
Lekan Omotosho is a Nigerian tech entrepreneur best known as the Co-founder and Chief Technology Officer (CTO) of PaidHR, an innovative HR tech startup based in Lagos, Nigeria. PaidHR focuses on optimizing payroll and human resources management across Africa. Since its inception in 2020, the company has gained recognition for pioneering financial technology innovations for small and medium enterprises (SMEs) across Nigeria, Kenya, and South Africa. The platform supports payroll management, compliance, performance management, and earned wage access, thereby improving financial inclusion and economic resilience for the workforce.
Recent Developments
- June 2025: PaidHR successfully raised a $1.8 million seed funding round led by Accion Venture Lab, with additional support from Zrosk, Chui Ventures, and Zedcrest Capital. This funding aimed at scaling operations across Africa, further developing the company’s comprehensive HR platform, and increasing its market presence.
- April 2025: PaidHR launched an employee wallet feature that allows users to manage earnings, access earned wages, and conduct cross-border transactions, challenging traditional fintech perceptions by incorporating HR functions.
- 2024: To address Nigeria's currency devaluation woes, PaidHR incorporated a cross-border payroll system supporting 49 currencies, capturing 15% of its revenue.
- 2024: Earned wage access and other products were launched, allowing employees quicker access to portions of their salaries, effectively reducing the need for payday loans.
Personal Information
| Attribute | Information |
|---|---|
| Full Name | Lekan Omotosho |
| Born | (Specific date and place not publicly available) |
| Nationality | Nigerian |
| Occupation | Co-founder and CTO of PaidHR |
| Known For | HR tech innovation in Africa |
| Net Worth | (Not publicly available) |
| Education | MBA from Lagos State University |
Early Life and Education
Lekan Omotosho’s early life and educational details are sparse. He pursued an MBA from Lagos State University, gaining significant experience in various corporate roles prior to founding PaidHR. His career spanned customer operations at Starcomms Nig PLC and consultancy at MTN Nigeria, giving him insights into the intricacies of business operations and customer needs. Omotosho's strong foundation in enterprise software development, spanning over a decade, positioned him well to execute PaidHR’s complex technological demands.
Career and Notable Achievements
Lekan Omotosho launched his career in telecom and consultancy before venturing into entrepreneurship:
- 2008 - 2013: Worked at Starcomms Nig PLC, focusing on customer operations, gaining essential skills in managing customer experience and operations.
- 2014 - Present: Worked with MTN Nigeria as a consultant/account manager, further refining his management skills.
- 2020: Co-founded PaidHR with Seye Bandele, transitioning his focus to the challenges surrounding HR and payroll in the African SME market.
- Managed the technical architecture and development of PaidHR’s platform, initially motivated by the needs of small enterprises but extended to larger corporates.
Current Work and Impact
Currently, Lekan Omotosho is at the helm of technology strategies at PaidHR. His commitment has positioned PaidHR as a key player in Africa's HR tech landscape, enabling businesses to scale operations efficiently while ensuring regulatory compliance and improving employee financial wellness. Through technology, PaidHR is shaping how businesses manage their workforce, offering services as earned wage access and integrated payroll solutions.
Conclusion
Lekan Omotosho’s continuous contribution to HR tech through PaidHR underlines his influence in bridging operational gaps faced by SMEs in Africa. His leadership in developing sophisticated financial and payroll products demonstrates a dedication to fostering economic stability and financial inclusivity. Going forward, his initiatives may well continue to set benchmarks in HR solutions, potentially influencing broader economic states and practices across emerging markets.