DRIVE100: How Nigerian Fintech, Paycita is Building a Digital Business Command Centre for Payroll, Inventory, and Expense Tracking

Yakub Abdulrasheed
By
Yakub Abdulrasheed
Senior Journalist and Analyst
Abdulrasheed is a Senior Tech Writer and Analyst at Techparley Africa, where he dissects technology’s successes, trends, challenges, and innovations with a sharp, solution-driven lens. He...
- Senior Journalist and Analyst
8 Min Read

For many small and medium businesses across Africa, the biggest operational challenge isn’t innovation, but it’s fragmentation. Payroll lives on one app, attendance on another, procurement in a ledger, and inventory in a notebook.

This digital disorganization often leaves founders juggling data chaos instead of focusing on growth. The result? Lost hours, inaccurate reporting, and frustrated teams.

In this edition of Techparley’s Drive100, we spotlight Paycita, a rising SaaS platform that’s reimagining how African businesses work, grow, and stay digitally efficient.

By unifying the tools that power daily business management, from payroll and inventory to expense tracking and vendor payments, Paycita seeks to eliminate the complexity of managing multiple disconnected systems.

“We’re building a unified platform where businesses can manage payroll, inventory, vendor payments, expense tracking, and even buy airtime for staff members,” said Adeitan Abimbola Moses, the company’s COO and CTO.

“Instead of jumping from one app to another, you have everything together in one app on Paycita.”

What You Should Know About Paycita

Paycita was born out of a clear need, a single digital environment where African businesses can manage their entire operations seamlessly.

Whether you’re a small retailer, a mid-sized logistics firm, or a corporate service company, Paycita integrates the critical aspects of running your business, all in one place.

The platform enables users to onboard staff, monitor attendance in real time, manage appraisals, issue loans, and track procurement and expenses with zero redundancy.

It also allows business owners to make bill payments, generate invoices, and access real-time financial visibility, tools often available only to large corporations.

The startup’s value proposition is simple yet powerful, to empower African businesses to work smarter, not harder.

“Paycita is the all-in-one management tool for African businesses,” says Moses. “Our focus is to simplify business operations and empower growing teams.”

How Paycita Works

At its core, Paycita functions like a digital operations backbone, connecting financial management, employee engagement, and operational tracking into one flow.

Its key modules include attendance management, payroll automation, bookkeeping, inventory control, leave management, vendor and procurement management, expense tracking, invoicing, and bill payment.

Each feature works in sync, ensuring that no aspect of the business is left in isolation.

For example, when a business processes payroll through Paycita, attendance and leave data automatically sync with salary calculations.

The same data can trigger expense logs and update accounting dashboards, giving managers a real-time view of their company’s health.

This interconnectivity reduces manual errors, saves time, and provides business owners with data-backed insights to make better decisions, a much-needed shift in a continent where data-driven management is still gaining traction.

The Progress and Traction So Far

Since its launch, Paycita has demonstrated steady progress that reflects both user trust and operational success.

The startup has already processed N150 million in transactions, handled N500,000 in bill payments, and successfully onboarded 36 businesses, covering over 150 employees on the platform.

These milestones represent more than numbers; they signify growing confidence in the practicality and stability of Paycita’s technology.

“We have been able to process over 150 million in transactions,” Moses noted. “So far, 36 businesses have onboarded with more than 150 employees, and we’ve processed over 500,000 naira in bill payments.”

Each new business onboarded adds to Paycita’s credibility as a reliable partner for SMEs seeking digital transformation, a journey many are only beginning to embrace.

Meet the Team Behind Paycita’s Mission

Behind Paycita’s ambition is a team defined by versatility and execution.

Olasode Feyikemi, Chief Executive Officer (CEO), drives strategic vision and business growth.

Adeitan Abimbola Moses, Chief Technology Officer (CTO) and Chief Operating Officer (COO), steers the platform’s technical architecture and daily operations.

Olaosode Olakunle contributes to strategic planning and innovation.

Before founding Paycita, the team members were already embedded in the business and technology ecosystem, giving them firsthand understanding of the inefficiencies SMEs face.

This experience helped shape Paycita into a platform that isn’t theoretical, but built around real pain points encountered by real business owners.

Like many emerging tech solutions, Paycita’s biggest challenge hasn’t been building the product, it’s been educating the market.

Many SMEs in Nigeria and other parts of Africa remain cautious about adopting business software, often due to limited exposure or fear of complexity.

“One of our challenges so far is having to explain to different SMEs the importance of adopting software that will help them thrive,” Moses admitted.

To overcome this, the team focuses on showcasing practical outcomes. By demonstrating how automation saves time, reduces financial errors, and improves accountability, Paycita aims to win businesses over through results rather than persuasion.

This approach is not just sales-driven; it’s mission-driven, helping local businesses evolve from analog management to digital intelligence.

The Roads Ahead: Vision on Capacity and Market Expansion

Paycita’s long-term goal is crystal clear, that’s to become the all-in-one management tool for African businesses.

In the next 6–12 months, the team plans to focus on refining the platform’s user experience, onboarding more businesses, and integrating additional features tailored for Africa’s business environment, including tax compliance, local payment systems, and simplified reporting tools.

Over the next 2 to 5 years, Paycita envisions expanding beyond Nigeria, building regional partnerships, and solidifying its footprint as the default SaaS solution for operational efficiency in Africa’s growing SME ecosystem.

This forward-looking strategy aligns with a broader continental trend, African tech solutions built for Africans, by Africans.

The Paycita’s Ecosystem View

When asked about how the government can better support startups, the Paycita team’s answer was simple, and that’s, “Affordable loans.”

Their position highlights a critical pain point across the continent, while innovation thrives, access to financial support remains painfully limited.

Paycita also believes that venture capitalists should play a more holistic role beyond funding.

“Mentorship and accelerator programmes can go a long way,” Moses said, emphasizing that education and exposure are Africa’s biggest challenges in scaling its tech ecosystem.

It’s a reminder that while tools like Paycita are solving operational inefficiencies, systemic support and knowledge-sharing remain essential to unlocking Africa’s full digital potential.

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Techparley Startup Drive100
Senior Journalist and Analyst
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Abdulrasheed is a Senior Tech Writer and Analyst at Techparley Africa, where he dissects technology’s successes, trends, challenges, and innovations with a sharp, solution-driven lens. He holds a Bachelor’s degree in Criminology and Security Studies, a background that sharpens his analytical approach to technology’s intersection with society, economy, and governance. Passionate about highlighting Africa’s role in the global tech ecosystem, his work bridges global developments with Africa’s digital realities, offering deep insights into both opportunities and obstacles shaping the continent’s future.
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