About Praxima
Praxima is a company based in Johannesburg (South Africa) founded in 1999. It operates as a B2B, and Enterprise Contracts. Praxima offers products and services including Payroll Processing, HR Software, Payments Service, and Reporting Tools. Praxima operates in a competitive market with competitors including Azets, XTM, Wage, Perquest and Resourcing Edge, among others.
- Headquarter Johannesburg, South Africa
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Sectors
TechnologyBusiness Services
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Email
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Phone
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Website
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- Legal Name Praxima Africa Payroll Systems (Pty) Ltd
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Annual Revenue
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Products & Services of Praxima
Praxima offers a comprehensive portfolio of products and services, including Payroll Processing, HR Software, Payments Service, and Reporting Tools. 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.
Handles payroll from one location with unified system for accuracy.
Provides employee self-service and compliance tools for businesses.
Manages net pay and creditor payments with regulatory compliance.
Compiles statutory returns and custom reports for accounting.
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Funding Insights of Praxima
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Investments & Acquisitions by Praxima
| 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 |
Financial Statements - Praxima
| 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 |
Praxima Comparisons
Competitors of Praxima
Praxima 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 Azets, XTM, Wage, Perquest and Resourcing Edge, 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 |
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| domain | founded_year | HQ Location |
Online accounting, tax, and audit management services for small businesses
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| domain | founded_year | HQ Location |
On-demand payment solutions are provided for service industry businesses.
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| domain | founded_year | HQ Location |
Payroll management services are provided to businesses.
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| domain | founded_year | HQ Location |
Functions as an online firm providing payroll and HR services.
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| domain | founded_year | HQ Location |
Human capital management solutions are delivered to enterprises.
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| domain | founded_year | HQ Location |
RPA consulting, implementation, and delivery services are offered by Norian.
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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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Frequently Asked Questions about Praxima
When was Praxima founded?
Praxima was founded in 1999.
Where is Praxima located?
Praxima is headquartered in Johannesburg, South Africa. It is registered at Johannesburg, Gauteng, South Africa.
What does Praxima do?
Praxima offers consistent payroll processing from a single location using one system, avoiding third-party subcontracting. They handle payments to employees and authorities, employee self-service for vacations and expenses, statutory reporting, and accounting reconciliations. Services include HR software for record management and compliance across countries like South Africa, Nigeria, and others, serving businesses in need of reliable outsourcing solutions.
What products or services does Praxima offer?
Praxima offers Payroll Processing, HR Software, Payments Service, and Reporting Tools.