Marking a decade of growth, Payslip delivers 60% CAGR alongside strong EBITDA positivity as it scales enterprise payroll operations

New Customer Wins Including Flix and Zalando Reflect Rising Global Demand for Payroll Control

DUBLIN, May 28, 2026 /PRNewswire/ — Payslip, the Global Payroll Control Platform trusted by multinational companies to standardise, automate, and scale payroll operations, has secured new financing to support its continued international expansion and product innovation.

The financing round is from London-headquartered Salica Investments, amidst strong competition from several other providers in the market that tendered for the business, and will enable Payslip to hire more staff to increase with demand.

The raise follows a sustained period of growth, with 60% CAGR in recent years alongside strong EBITDA positivity. Meanwhile, Payslip remains on its trajectory of doubling revenue every two years. This momentum was further reflected recently as Payslip marked the two-year anniversary of its strategic partnership with Deloitte, against a backdrop of growing global demand for unified, AI-led payroll infrastructure. As organisations respond to expanding pay transparency and compliance requirements – including the EU Pay Transparency Directive – multinational employers are increasingly seeking centralised, audit-ready payroll data and greater operational visibility across fragmented global systems. Today, the Payslip Control Platform automates more than 1.3 million monthly payslips across over 125 countries, powering more than €5 billion in payroll payments worldwide.

This positions the company to scale further, expanding internationally while continuing to invest in its enterprise grade automation platform and AI technology. As enterprise scale, payroll is no longer just operational, it is a control layer across finance, compliance, and workforce data.

“This year marks our 10th year in business,” said Fidelma McGuirk, Founder and CEO of Payslip. “Over the past decade, we’ve built a platform trusted by the world’s leading multinational organisations to bring control and consistency to one of the most mission critical business areas. As the Fourth Industrial Revolution reshapes global business operations, automation and operational efficiency across core enterprise functions have become essential for competitiveness. Organisations are under growing pressure to gain greater visibility, standardisation and control across increasingly complex international payroll environments, particularly as AI accelerates the pace of operational change.”

“Payslip’s automation and AI capabilities are already delivering up to 55% efficiency gains for multinational organisations, helping enterprise teams simplify complexity, strengthen compliance and operate with greater agility at global scale. This investment enables us to further accelerate innovation in AI and continue expanding our international presence as demand for intelligent payroll infrastructure continues to grow,” McGuirk added.

Building on Payslip Alpha, AI is now embedded directly into payroll workflows, identifying anomalies, standardising inputs, and adapting in real time across jurisdictions. As usage scales, the platform develops a deeper understanding of country rules, exceptions, and integrations, strengthening accuracy, resilience, and control over time.

This momentum is reflected in a growing roster of global brands, including Cloudera, Just Eat Takeaway and EQT, alongside new customers Flix and Zalando, supported by strong retention and continued expansion across the existing customer base.

The raise marks a defining moment in Payslip’s ten-year journey, reflecting confidence in the company’s continued growth, accelerating enterprise adoption, and expanding role at the centre of global payroll operations.

About Payslip

Payslip is a global payroll technology company that gives multinational enterprises greater control, automation and visibility across complex payroll operations.

Founded in 2016 by Fidelma McGuirk and headquartered in County Mayo, Ireland, Payslip helps global organisations standardise and automate global payroll, unify multi-country payroll data, and streamline reporting at scale. Its Global Payroll Control Platform integrates with HCM, accounting and ERP systems to ensure seamless enterprise-wide data flows across the enterprise, supporting centralised control, real-time visibility and enterprise-grade compliance.

Payslip Alpha, the company’s AI suite, is transforming payroll operations through advanced AI, automation and integration capabilities.

Payslip is backed by $21 million in funding from investors including Salica Investments, Tribal VC, Frontline Ventures, MiddleGame Ventures and Mouro Capital.

For more information, visit www.payslip.com.

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SOURCE Payslip

SHANGHAI, May 27, 2026 /PRNewswire/ — Viewtrix Technology, a portfolio company of Qiming Venture Partners and a leading display chip design enterprise in China, successfully listed on the Hong Kong Stock Exchange, marking the sixth IPO for Qiming Venture Partners since the beginning of the year. Viewtrix Technology (03310.HK) offered its shares at a price of HK$20.81 per share and opened at HK$25.48 per share with a market capitalization of HK$10.9 billion.

As early as 2019, Qiming Venture Partners led the Series C financing of Viewtrix Technology and continued to support the company’s development in the subsequent Series D financing.

Founded in 2012, Viewtrix Technology is committed to providing reliable and high-performance display driver solutions for consumer electronics brands. Adopting a Fabless business model, the company offers AMOLED display driver chips mainly for smartphones and Micro-OLED display backplanes/drivers mainly for VR/AR devices. With years of technological accumulation and product iteration, Viewtrix Technology has firmly established itself as a key player in the display driver chip industry. It is not only the first company based in Chinese mainland to receive brand company certification for AMOLED DDICs, but also the only one to have shipped over 10 million units to these companies.

Viewtrix Technology’s AMOLED DDICs have been mass-produced and delivered to various top smartphone companies globally featuring in over 10 different product series. These smartphone companies collectively hold more than a quarter of the global market share. According to Frost & Sullivan, Viewtrix Technology is the fifth-largest supplier, and the largest Chinese mainland-based supplier, in the global smartphone AMOLED DDIC market in terms of sales volume in 2024. In addition, Viewtrix Technology is a key supplier in the Micro-OLED display backplane/driver, ranking second in global sales volume, and it is also the largest independent supplier headquartered in China in this field.

Alex Zhou, Managing Partner of Qiming Venture Partners stated: “In 2019, China’s semiconductor industry was entering a period of rapid growth, and China’s mobile phone industry had taken a leading position globally. Tracing upstream from downstream terminal demand, the display chip sector featured strong industrial logic and growth potential. Back then, Viewtrix Technology focused on the core business of display driver chips, which highly aligned with our investment thesis and represented a promising niche segment we were very optimistic about. During the seven years partnering with Viewtrix Technology, Qiming Venture Partners has stood by the company with a long-term mindset, supporting it all the way to its IPO. Today, Qiming Venture Partners maintains an increasingly focused investment strategy, sticking to our proven circle of competence and steadily executing our investment layout. In the technology investment sector, Qiming Venture Partners has long been committed to two core investment themes: First, artificial intelligence, as a General Purpose Technology, will surely reshape all industries. Second, China’s world-class capabilities in product design, engineering R&D, and advanced manufacturing deliver global competitiveness. Anchored by these two themes, we will focus on two key areas: AI technology and industrial applications, and hard tech.”

About Qiming Venture Partners
Qiming Venture Partners was founded in 2006. Currently, Qiming Venture Partners manages eleven US Dollar funds and seven RMB funds with $9.5 billion in capital raised. Since our establishment, we have invested in outstanding companies in the Technology and Healthcare industries at the early and growth stages.

Since our debut, we have backed over 580 fast-growing and innovative companies. Over 210 of our portfolio companies have achieved exits through IPOs at the NYSE, NASDAQ, HKEX, Shanghai Stock Exchange, or Shenzhen Stock Exchange, or through M&A or other means. There are also over 80 portfolio companies that have achieved unicorn or super unicorn status.

Many of our portfolio companies are today’s most influential firms in their respective sectors, including Xiaomi, Meituan, Bilibili, Zhihu, Roborock, Hesai Technology, UBTech, WeRide, HyperStrong, Insta360, Unisound, Biren Technology, Z.ai, Gan & Lee Pharmaceuticals, Tigermed, Zai Lab, CanSino Biologics, Schrödinger, APT Medical, Sanyou Medical, AmoyDx, SinocellTech, Insilico Medicine, AusperBio, Yuanxin Technology, Medilink Therapeutics, LaNova Medicines, StepFun, among many others.

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SOURCE Qiming Venture Partners

AI-Driven Factory of the Future Unlocks Productivity Gains of Up to 60%Factory Transformation Can Now Determine Competitiveness Upgrading Factories Can Outperform Offshoring—Even in High-Cost CountriesWithout the Factory of the Future, as Much as $1.03 Trillion of Manufacturing Value is at Risk of Relocation out of Western Europe, and another $440 Billion out of the United States

BOSTON, May 28, 2026 /PRNewswire/ — AI-enabled factory of the future technologies are fundamentally reshaping the economics of manufacturing, with the potential to unlock productivity gains of up to 60%. These shifts are driving a new logic of competitiveness, in which performance is determined by how effectively production setups are redesigned and deployed. For the first time, upgrading to factory of the future capabilities in a high-cost country can be a more competitive option than offshoring, even if lower-cost countries also upgrade. However, without upgrading to the factory of the future, roughly $1.03 trillion of manufacturing value is at risk of relocation out of Western Europe, with another $440 billion at risk in the United States.

The latest report from Boston Consulting Group (BCG) and the BCG Institute, How the Factory of the Future Is Reshaping the Economics of Manufacturing, combines a global survey of 1,000 manufacturers with proprietary quantitative analysis to examine how advances in AI, automation, and digital systems are transforming production at scale.

“Manufacturers are entering a new era where competitiveness is no longer defined by static cost comparisons, but by how effectively they can redesign production setups end to end,” said Daniel Kuepper, BCG managing director and senior partner, fellow at the BCG Institute, and coauthor of the report. “The factory of the future is fundamentally changing how companies create value and how they think about where to produce.”

Meeting the Challenges of Geopolitical Uncertainty

Powered by AI, the entire factory of the future production setup is holistically redesigned, resulting in simultaneous gains including in energy, materials, yield, and throughput. The key variables in footprint decisions are no longer relative labor costs and logistics from suppliers and to customers, but how effectively a facility can be transformed into a highly productive factory of the future. As geopolitical uncertainty deepens and supply chain volatility becomes a structural risk, this is becoming critical for manufacturers looking to increase resilience by producing where they sell.

Benefits Vary by Sector and Location

However, the factory of the future does not benefit all locations or sectors equally. Key variables include local cost factors such as energy, labor, and materials, as well as sector-dependent automation potential and share of logistics costs. Higher-cost locations see more impact from automating labor intensive tasks, optimizing energy consumption, improving yield and throughput, and narrowing the gap with low-cost locations. Sectors with a high share of logistics costs, such as food and beverages, benefit most from proximity to end markets.

Talent availability and digital infrastructure readiness are also significant factors in enabling effective adoption. In the BCG Institute survey, 87% of respondents indicated that access to talent and skills become more critical to sustain the deployment of the factory of the future, and 69% said the same for digital infrastructure.

A More Dynamic Global Manufacturing Landscape

Together, these dynamics are creating a more variable and dynamic global manufacturing landscape where competitive advantage depends on aligning sector characteristics, location capabilities, and the effective deployment of advanced production technologies. The implications for business leaders are significant. Companies must evaluate production decisions through a new lens—one that integrates technology deployment with footprint strategy and considers how production setups can be redesigned to unlock value.

“Companies that integrate footprint strategy with advanced manufacturing capabilities will be best positioned to compete in the decade ahead,” Kuepper said.

Download the report here:
https://www.bcg.com/publications/2026/how-the-factory-of-the-future-reshapes-manufacturing

Media Contact:
Eric Gregoire
gregoire.eric@bcg.com

About Boston Consulting Group
Boston Consulting Group bridges the gap between ambition and outcomes for the world’s leading companies and organizations. We are built for this era of unprecedented change — bringing strategic clarity rooted in over 60 years of deep domain knowledge, combined with applied AI shaped by our practitioners. BCG works shoulder-to-shoulder with CEOs across industries and geographies to deliver transformative impact at scale: stronger returns, transferred capabilities, and change that sticks. For more information, visit bcg.com.

About the BCG Institute
The BCG Institute is Boston Consulting Group’s strategy think tank, dedicated to exploring and developing valuable new insights from business, technology, and science by embracing the powerful technology of ideas. The Institute engages leaders in provocative discussion and experimentation to expand the boundaries of business theory and practice and to translate innovative ideas from within and beyond business. For more ideas and inspiration from the Institute, please visit our website and follow us on LinkedIn and X (formerly Twitter).

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SOURCE Boston Consulting Group (BCG)