About BAYZAT
BAYZAT is a company based in Dubai (United Arab Emirates) founded in 2012 by Brian Habibi, Tarek Bayaa, and Talal Bayaa.. BAYZAT has raised $53.5 million across 7 funding rounds from investors including Mubadala, DisruptAD and Ischyros New York. BAYZAT has completed 1 acquisition, including Arya Insurance Brokerage. BAYZAT offers products and services including Core HR, Payroll, Talent Management, Insurance Benefits, and Bayzat AI. BAYZAT operates in a competitive market with competitors including Kronos, Darwinbox, SuccessFactors, GreytHR and Springworks, among others.
- Headquarter Dubai, United Arab Emirates
- Founders Brian Habibi, Tarek Bayaa, Talal Bayaa
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Sectors
TechnologyFinancial Services
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$53.5 M (USD)
in 7 rounds
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Latest Funding Round
$25 M (USD), Series C
Dec 22, 2022
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Investors
Mubadala
& 10 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of BAYZAT
BAYZAT offers a comprehensive portfolio of products and services, including Core HR, Payroll, Talent Management, Insurance Benefits, and Bayzat AI. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Streamlines employee records and administrative tasks.
Automates payroll processing and bookkeeping.
Manages hiring and performance tracking.
Handles group health and motor insurance.
Automates reporting and HR operations.
Manages accounts payable and payments.
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Funding Insights of BAYZAT
BAYZAT has successfully raised a total of $53.5M across 7 strategic funding rounds. The most recent funding activity was a Series C round of $25 million completed in December 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series C — $25.0M
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First Round
First Round
(28 Jun 2015)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Dec, 2022 | Amount | Series C - BAYZAT | Valuation | DisruptAD | |
| Aug, 2022 | Amount | Debt – Conventional - BAYZAT | Valuation |
investors |
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| Oct, 2019 | Amount | Series B - BAYZAT | Valuation | Point72 Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in BAYZAT
BAYZAT has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include Mubadala, DisruptAD and Ischyros New York. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early and late-stage startups are supported by venture capital-backed studio.
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Founded Year | Domain | Location | |
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Innovation accelerator backed by UAE Ministry of Finance.
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Founded Year | Domain | Location | |
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Venture capital fund focused on seed to growth stage fintech, deep tech, and enterprise tech companies
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by BAYZAT
BAYZAT has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Arya Insurance Brokerage. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Arya Insurance Brokerage is engaged in providing insurance solutions.
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1988 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - BAYZAT
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bayzat Comparisons
Competitors of BAYZAT
BAYZAT operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Kronos, Darwinbox, SuccessFactors, GreytHR and Springworks, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
HCM software solutions for enterprise workforce management are provided.
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| domain | founded_year | HQ Location |
Human capital management platform is provided for HR process automation.
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| domain | founded_year | HQ Location |
Cloud-based human capital management software is delivered globally.
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| domain | founded_year | HQ Location |
Cloud-based HRMS and payroll software solutions are provided.
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| domain | founded_year | HQ Location |
HR software solutions are provided for growing businesses by Springworks.
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| domain | founded_year | HQ Location |
Cloud-based HR software and payroll solutions are provided for enterprises.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bayzat
Frequently Asked Questions about BAYZAT
When was BAYZAT founded?
BAYZAT was founded in 2012 and raised its 1st funding round 3 years after it was founded.
Where is BAYZAT located?
BAYZAT is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Who is the current CEO of BAYZAT?
Talal Bayaa is the current CEO of BAYZAT. They have also founded this company.
Is BAYZAT a funded company?
BAYZAT is a funded company, having raised a total of $53.5M across 7 funding rounds to date. The company's 1st funding round was a Series B of $16M, raised on Jun 28, 2015.
What does BAYZAT do?
Bayzat was founded in 2012 in Dubai, United Arab Emirates, as a provider of HR technology solutions. Services include automation of payroll processes, management of employee benefits, and facilitation of health insurance options. Companies are assisted in comparing, purchasing, and utilizing health insurance plans, along with processing claims. Operations focus on streamlining HR administration for businesses in the region.
Who are the top competitors of BAYZAT?
BAYZAT's top competitors include SuccessFactors, GreytHR and Darwinbox.
What products or services does BAYZAT offer?
BAYZAT offers Core HR, Payroll, Talent Management, Insurance Benefits, and 2 more products and services.
How many acquisitions has BAYZAT made?
BAYZAT has made 1 acquisition, including Arya Insurance Brokerage.
Who are BAYZAT's investors?
BAYZAT has 11 investors. Key investors include Mubadala, DisruptAD, Ischyros New York, MBRIF, and Point72 Ventures.