2024 Revenue
$1.6M(Est.)
Funding
$0
Team
8
Founded
2011
PayrollHero Revenue (2024)
Provider of a subscription-based cloud software platform intended to ensure that the right employee is in the right place at the right time. The company's platform uses employees' faces and GPS location as the metric for clocking in and out, enabling transparency between employees and management around time, attendance, scheduling and payroll.
Last updated
PayrollHero Revenue
In 2024, PayrollHero's revenue reached $1.6M. The company previously reported $1.2M in 2023. Since its launch in 2011, PayrollHero has shown consistent revenue growth.
| Year | Milestone | Source |
|---|---|---|
| 2024 | PayrollHero Hit $1.6m revenue in October 2024 | Estimated |
| 2023 | PayrollHero Hit $1.2m revenue in October 2023 | Estimated |
| 2021 | PayrollHero Hit $786k revenue in April 2021 | |
| 2011 | Launched with $0 revenue |
PayrollHero Valuation, Funding Rounds
PayrollHero is a bootstrapped Time Tracking Software startup. Founded in 2011, PayrollHero has grown to $1.6M in revenue without raising any venture capital or outside funding.
As a self-funded Time Tracking Software SaaS company, PayrollHero has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|
Founder / CEO
Mike Stevenson
CEO
Mike is an entrepreneur and real estate technologist, who is happiest building opportunities with others. Right now he’s working to make real estate investment open to everyone as CEO of addy. Mike founded addy because he believes everyone should have the opportunity to invest in property. Real estate has consistently been one of the most lucrative forms of investment, but the barriers to entry are prohibitively high for many — especially young people. addy exists to eradicate those barriers and make real estate investment accessible for everyone. Mike’s entrepreneurial journey began in 2000, when he co-founded Combustion Hosting (acquired in 2006). Following this, he founded Ubertor Realtor Software, which won the Most Innovative Web Service Award in 2009 from Inman News and was acquired in 2013. In 2012, he headed to the Philippines with his co-founder Stephen Jagger and set up OutsourcingThingsDone.com to provide virtual assistants to real estate professionals. The company grew to 150 employees, and Mike discovered firsthand the lack of affordable and usable HR and payroll software for the Philippines. He addressed this by setting up a company called PayrollHero. Recently he launched Instant Messaging Real Estate Corp. to provide artificial intelligence services to the real estate industry.
Q&A
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Customers
We do not have customer count information for PayrollHero yet.
PayrollHero Employees & Team Size
PayrollHero employs approximately 8 people as of 2026, including 25 sales reps that carry a quota.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 8 employees (October 2024) | |
| 2023 | Reached 8 employees (October 2023) | |
| 2022 | Reached 9 employees (October 2022) | |
| 2021 | Reached 6 employees (December 2021) | |
| 2021 | Reached 10 employees (April 2021) |
Frequently Asked Questions about PayrollHero
What is PayrollHero's revenue?
PayrollHero generates an estimated $1.6M in annual revenue.
Who founded PayrollHero?
PayrollHero was founded by Mike Stevenson.
Who is the CEO of PayrollHero?
The CEO of PayrollHero is Mike Stevenson.
How much funding does PayrollHero have?
PayrollHero is bootstrapped and has not raised outside funding.
How many employees does PayrollHero have?
PayrollHero has 8 employees.
Where is PayrollHero headquarters?
PayrollHero is headquartered in Makati, Philippines.
Compare PayrollHero to the industry
PayrollHero operates across multiple industries. Browse revenue, funding, and growth data for PayrollHero 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.
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