Founding and Growth

Funding and Valuation

Bayzat has raised over $60 million in funding across multiple rounds. The most recent Series C round raised $25 million, led by ADQ. Previous investors include Mubadala Capital and Point72 Ventures. The funding has been used to expand Bayzat’s customer base, particularly in Saudi Arabia, and drive continuous innovation across its platform. With each round, the company’s valuation has seen significant growth, reflecting strong investor confidence in its business model and market potential. 

Product Offerings and Features

Bayzat offers a comprehensive, all-in-one platform designed to streamline HR, payroll, finance, health insurance, and employee benefits management—helping businesses automate operations, ensure compliance, and enhance the employee experience. 

HR Software 

Bayzat automates core HR processes, eliminating manual tasks and improving efficiency. Key features include: 

• Employee Records Management: A centralized system for storing and managing employee information with document expiry reminders. 
• Time Off & Shift Management: Automates leave requests, approvals, and shift scheduling with real-time tracking. 
• Attendance Tracking: Integrates with biometric devices and mobile check-ins for seamless attendance monitoring. 

• Onboarding & Offboarding: Streamlines the employee lifecycle with structured onboarding workflows and offboarding automation. 

   

Payroll Management 

Bayzat provides an end-to-end payroll solution, ensuring compliance, accuracy, and automation while reducing payroll processing time by over 90%. Features include: 

• Automated Payroll Calculations: Eliminates manual errors with automated salary calculations, deductions, and allowances. 
• WPS & Non-WPS Payments: Supports seamless salary transfers, including options for unbanked employees via pay cards. 

• Accounting Integrations: Syncs with accounting software to streamline financial management. 

   

Finance & Payments 

Bayzat extends its offering beyond HR and payroll with finance automation tools designed to improve financial workflows and cash flow management: 

• Accounts Payable Automation: Simplifies invoice processing and vendor payments. 

• Expense Management: Tracks employee expenses, approvals, and reimbursements in real-time. 

   

Health Insurance 

Bayzat simplifies group health insurance administration, ensuring businesses can efficiently manage policies while enhancing employee well-being: 

• Group Health Insurance Management: Enables real-time employee additions and removals, ensuring seamless policy administration. 
• Online Doctor Consultations: Employees can access telemedicine services for convenient healthcare support. 

• Mental Health & Wellness: Provides employees with access to therapy, mental health resources, and support programs. 

   

Employee Benefits 

Bayzat enhances employee engagement and satisfaction by providing world-class benefits that improve workplace experience: 

• Employee Perks & Discounts: Offers exclusive deals on shopping, wellness, and lifestyle services through Perks by Bayzat. 

• Fitness Challenges & Well-being Initiatives: Encourages workplace wellness through customized fitness challenges and health-focused programs. 

   

With a deeply localized approach, Bayzat ensures businesses in the GCC stay compliant, efficient, and employee-focused, making it the go-to platform for automating people, payments, and processes. 

Acquisitions and Product Expansion

Bayzat has continuously expanded its product offerings through innovation and customer feedback. The company has introduced new features such as EarlyPay, attendance tracking, and enhanced insurance products. These updates have helped Bayzat maintain its competitive edge and cater to the evolving needs of its clients.

Bayzat AI and New Features

​Bayzat continually enhances its platform to improve user experience and functionality. Recent updates include:​ 

• AI-Powered Reporting: Leverages artificial intelligence to provide advanced analytics and insights, enabling data-driven decision-making and strategic planning. 
• Accounts Payable Automation: Streamlines the invoice-to-payment process, reducing processing costs. This feature automates invoice management, approval workflows, and payment processing, enhancing financial efficiency. 
• AI-Enhanced Applicant Tracking System (ATS): Utilizes AI to automate recruiting tasks such as job description creation, resume screening, and interview scheduling, reducing time-to-hire and improving candidate quality.  
• AI-Powered Knowledge Hub: A dynamic productivity tool that leverages AI to utilize your company's intellectual property, translating knowledge into actionable insights.  

These enhancements demonstrate Bayzat's commitment to integrating advanced technologies to optimize HR and financial operations. 

Company Culture and Values

Bayzat fosters a strong company culture centered around innovation, customer success, and employee empowerment. With a commitment to transparency, excellence, and continuous improvement, Bayzat’s mission is to empower every company to create remarkable workplaces by leveraging cutting-edge technology to supercharge people, payments, and processes. By eliminating manual tasks and optimizing operations, Bayzat enables businesses to enhance productivity, drive efficiency, and deliver world-class employee experiences. 

User Base and Community

Bayzat serves a diverse user base across multiple industries, including startups, SMEs, and large enterprises. The platform is trusted by 3,000+ companies across the GCC, with over 250,000 employees actively using Bayzat to improve their work life experiences. With a deeply localized approach, Bayzat ensures businesses stay compliant, efficient, and employee-focused. 

Beyond the platform, Bayzat has built a thriving community of HR and finance professionals who benefit from comprehensive support resources, including expert-led webinars, detailed guides, customer success specialists, and peer-driven HR events.