Where is Payrec located?

Payrec is headquartered in London, United Kingdom.

Is Payrec a funded company?

Payrec is a funded company, having raised a total of $***** in its 1st and only funding round.

Where does Payrec rank among its competitors?

Payrec ranks 2588th amongst 2757 active competitors, of which 197 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Pennylane, which secured $205M in Jan, 2026.

Who are the top competitors of Payrec?

Payrec's top competitors include Intuit, Vyapar and Pennylane. Among them, Pennylane secured the most recent funding round in January, 2026.

Payrec - 2026 Company Profile & Competitors

Payrec is an unfunded company based in London (United Kingdom), founded in 2004. It operates as a Software platform for accounting and payroll management. Payrec has not raised any funding yet. The company has 2757 active competitors, including 197 funded and 163 that have exited. Its top competitors include companies like Intuit, Vyapar and Pennylane.

Company Details

Software platform for accounting and payroll management. It offers solutions for automating payroll accounting, real-time reports, decision-making, insights, expense analytics, and more.

Website: payrec.com
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Key Metrics

Founded Year

2004

Location

London, United Kingdom

Stage

Unfunded

Ranked

2588^th among 2757 active competitors

Similar Companies

Intuit & 3457 more

View Payrec's full profile

Payrec has not raised any funding rounds yet.

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Top competitors of Payrec include Intuit, Vyapar and Pennylane. Here is the list of Top 10 competitors of Payrec, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Intuit 1983, Mountain View (United States), Public	Provider of financial, accounting, tax preparation, and marketing automation software	-	TriplePoint Capital, Alcor Fund & 25 others	82/100
2nd	Vyapar 2017, Bengaluru (India), Series B	Provider of GST billing, inventory, and accounting software for small businesses	$35.9M	WestBridge Capital, India Quotient & 14 others	80/100
3rd	Pennylane 2020, Cherbourg en Cotentin (France), Series E	App & cloud-based accounting and financial management solutions for businesses	$442M	Sequoia Capital, DST Global & 8 others	78/100
4th	ContaAzul 2012, Joinville (Brazil), Acquired	Online accounting and invoicing solutions for SMBs	$40.9M	Ribbit Capital, 500 Global & 5 others	76/100
5th	Xero 2006, Wellington (New Zealand), Public	Provider of accounting software and related tools for business management	-	Hurlingham Partners, TCV & 9 others	75/100
6th	FreeAgent 2007, Edinburgh (United Kingdom), Acquired	Cloud-based accounting software for small businesses, freelancers, and accountants	$21.9M	Iris Software, SM TRUST & 23 others	75/100
7th	Wave 2010, Toronto (Canada), Acquired	Web-based accounting software for businesses	$82.4M	CRV, BDC & 20 others	72/100
8th	Sage 1981, Newcastle Upon Tyne (United Kingdom), Public	Provider of AI-based software for business management	-	Itz Cash Card, HHS & 45 others	72/100
9th	Digits 1995, San Francisco (United States), Acquired	SMS based customer authentication and verification service	$97.5M	Benchmark, SoftBank Vision Fund & 23 others	71/100
10th	Denim 2014, New York City (United States), Acquired	Provider of financial technology solutions for freight businesses	$67.9M	Anthemis Group, Techstars & 18 others	70/100
2588th	Payrec 2004, London (United Kingdom), Unfunded	Software platform for accounting and payroll management	-	-	16/100