Paismo Raises $1.3 Million in Seed Round

by Kay Aloha Villamor in August 29th, 2023

Paismo, a Lahore, Pakistan-based HR Tech startup, raised $1.3 million in an oversubscribed seed round, bringing its total funding to $1.5 million.

SaaS Investors

The round was led by Indus Valley Capital, with participation from investors including Antler and Jedar Capital.

Indus Valley Capital is an early-stage VC fund focused on Pakistani startups. It seeks to make impactful investments in companies operating in the technology sector in Pakistan. Founded in 2019, the firm is headquartered in Karachi, Pakistan.

Paismo Use of Seed Funds

The capital raised will be utilized to expand the team and cover operational costs.

About Paismo

Founded by Rebecka Zavaleta and Usama Mahmud, Paismo is a modern HR, payroll, and benefits provider servicing global markets with a focus on Pakistan. Paismo offers a Software-as-a-Service (SaaS) platform designed to provide global solutions while creating a significant local impact. Among its features are integrating attendance and timesheets with payroll and providing mobile app access to payslips.

Paismo aims to be the first modern HR tech, payroll, and benefits provider in Pakistan that goes beyond the local market to target regions including the Middle East and North Africa (MENA) and Southeast Asia.

Funding Details

Company: Paismo, Inc.

Raised: $1.3M

Round: Seed Round

Funding Month: August 2023

Lead Investors: Indus Valley Capital

Additional Investors: Antler and Jedar Capital

Company Website:

Software Category: HR and Payroll Management Solution








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