Bayzat
by Bayzat
by Bayzat
Profile Information Last updated on: 1 August 2024
Profile Information Last updated on: 1 August 2024
We help make selecting a software for your business effortless, economical and efficient.
by Bayzat
by Bayzat
Profile Information Last updated on: 1 August 2024
Profile Information Last updated on: 1 August 2024
Bayzat is a technology company based in Dubai, UAE, that provides an all-in-one HR, payroll, and employee benefits platform. The platform is designed to automate and streamline HR processes, payroll management, and employee benefits, helping businesses enhance productivity and improve employee experiences. Bayzat serves over 1,500 companies and 127,000+ employees across the GCC, including notable clients such as Deliveroo, Zomato, and Grant Thornton.
Bayzat was founded in 2013 by Talal Bayaa, Brian Habibi, and Tarek Bayaa. The company's inception was driven by the founders' vision to simplify and automate HR and payroll processes for businesses in the Middle East. Since its founding, Bayzat has experienced significant growth, recording more than 100% annual growth over the past three years. The company has expanded its workforce to nearly 350 employees and established itself as a leader in the HR and InsureTech sectors in the region.
Bayzat has raised over $60 million in funding across multiple rounds. The most recent funding round was a Series C, where the company raised $25 million, led by DisruptAD and Ischyros New York. Previous investors include Mubadala Capital and Point72 Ventures. The funds have been used to expand Bayzat's customer base, particularly in Saudi Arabia, and to continue innovating its platform. The company's valuation has grown significantly with each funding round, reflecting strong investor confidence in its business model and growth potential.
Bayzat offers a comprehensive suite of tools designed to streamline HR, payroll, and employee benefits management:
HR Software: Automates administrative tasks such as managing employee records, processing leave requests, and tracking attendance and shifts.
Payroll Management: Provides an end-to-end solution for payroll processing, automating calculations, tax filings, and payments, reducing the time spent on payroll by over 90%.
Health Insurance: Simplifies the management of group health insurance policies, offering real-time employee additions and deletions, and access to mental health support and online doctor consultations.
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 regularly updates its platform with new features to improve user experience and functionality. Recent additions include:
EarlyPay: Allows employees to access their earned wages before the scheduled payday.
Enhanced Attendance Tracking: Provides more robust tools for tracking employee attendance and managing shifts.
Bayzat prides itself on a strong company culture centered around innovation, customer focus, and employee empowerment. The company values transparency, excellence, and continuous improvement. Bayzat's mission is to provide world-class employee experiences by leveraging cutting-edge technology to eliminate manual processes and enhance productivity.
Bayzat serves a diverse user base across various industries, including startups, SMEs, and large enterprises. The platform is trusted by over 1,500 companies in the GCC, with more than 2 million employee logins per month. Bayzat has built a strong community of users who benefit from its comprehensive support resources, including customer testimonials, detailed guides, and access to HR specialists.