PayAsia
Singapore, Singapore
2023 Revenue
$13.1M
Customers
1K
Funding
$0
Avg ACV
$13.1K
Team
216
Founded
2006
How PayAsia CEO Mark Samlal grew to $13.1M revenue and 1K customers in 2023.
Provider of payroll and human resource business process outsourcing services intended to provide consistent, accurate, and timely processing of companies payroll. The company specializes in outsourced payroll service in 18 countries across Asia Pacific and India, enabling clients to grow through the process and technology-driven regional solutions to provide quality delivery.
Last updated
PayAsia Revenue
In 2023, PayAsia's revenue reached $13.1M. The company previously reported $9M in 2021. Since its launch in 2006, PayAsia has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2023 | PayAsia Hit $13.1m revenue in October 2023 | |
| 2021 | PayAsia Hit $9m revenue in April 2021 | |
| 2006 | Launched with $0 revenue |
PayAsia Valuation, Funding Rounds
PayAsia is a bootstrapped Payroll Software startup. Founded in 2006, PayAsia has grown to $13.1M in revenue without raising any venture capital or outside funding.
As a self-funded Payroll Software SaaS company, PayAsia has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|
Founder / CEO
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
PayAsia serves 1K customers.
PayAsia Employees & Team Size
PayAsia employs approximately 216 people as of 2026, up from 191 in 2022. It serves 1K customers that rely on its solutions.
| Year | Milestone |
|---|---|
| 2023 | Reached 216 employees (October 2023) |
| 2022 | Reached 191 employees (October 2022) |
| 2021 | Reached 177 employees (December 2021) |
| 2021 | Reached 129 employees (April 2021) |
Frequently Asked Questions about PayAsia
What is PayAsia's revenue?
PayAsia generates an estimated $13.1M in annual revenue.
Who founded PayAsia?
PayAsia was founded by Mark Samlal.
Who is the CEO of PayAsia?
The CEO of PayAsia is Mark Samlal.
How much funding does PayAsia have?
PayAsia is bootstrapped and has not raised outside funding.
How many employees does PayAsia have?
PayAsia has 216 employees.
Where is PayAsia headquarters?
PayAsia is headquartered in Singapore, Singapore.
Compare PayAsia to the industry
PayAsia operates across multiple industries. Browse revenue, funding, and growth data for PayAsia in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
Claim this profilePeople Also Viewed
Paligo
Paligo, headquartered in Sweden and founded in 2020, is a Component Content Management System (CCMS) that enables enterprise technical writers to create, reuse, and publish structured documentation across 30-plus integration points, including Zendesk and Intercom. The company is led by CEO Rahul Yadav, who joined in December 2025 after serving as CTO at Milestone Systems (Canon Group) and Chief Technology and Digital Officer at TV2 Denmark. The original co-founders, Anas and Frank, remain involved as a board member and an engineering architect, respectively. Ownership is split roughly equally among the founder group, Stockholm-based B2B SaaS private equity firm Alvin and Rickson, and Grow Capital from Copenhagen, which led a $29M Series A in April 2023. Paligo grew from $2.2M in revenue in 2020 to $11.3M in 2024, then added another 11% to reach $12.5M in 2025. The company serves approximately 500 enterprise customers across 38 countries, with deal sizes ranging from $25K to $150K per year. As of the latest data, Paligo has 90 employees and a valuation of $37.5M. Yadav is targeting 18 to 20% ARR growth in 2026, with significantly higher ambitions for 2027 and beyond. The single most important strategic inflection point is Paligo's pivot from a structured authoring tool to what Yadav calls an AI-native structured truth platform. The company has accumulated more than 3 billion governed, semantically rich words and approximately 1.5 million reusable content components in DocBook XML, which Yadav argues is the largest such dataset in regulated industries like medtech and manufacturing. Rather than bolting AI features onto its existing product, Paligo is building end-to-end ingestion-to-consumption infrastructure designed to ground enterprise AI agents in verified structured content, a category Yadav says no competitor has yet defined.
Bevywise Networks
An end to end product & solution provider for your IoT & IIoT requriement. MQTT Broker, IoT Simulator and IoT Platform are the key products.
Smartfrog & Canary
Smartfrog is a camera that lets users see what's happening in any place, at any time.
Ecosystems.io
Unlocking Potential, Powering Progress: Vivienne AI - Where Innovation Meets Intelligence!
Ez Img Editor
EzImgEditor is a lightweight, privacy-focused online tool for quick image editing. Crop, resize, compress, and batch process multiple photos in seconds without registration or quality loss. Edit, transform, and restyle images with AI. Remove, replace, and try on styles using single or multiple images—fast, easy, online with EZ Img Editor.
Able Jobs
Job training app in India for roles in sales, support & marketing
