SeamlessHR, a Nigeria-based startup providing payroll and human resources management software-as-a-service solutions, raised $10 million in a Series A round led by TLcom Capital.
New and existing investors, including Capria Ventures, Lateral Capital, Enza Capital, Ingressive Capital, participated in the Series A round.
The new funds will take SeamlessHR several steps closer to achieving its vision of helping more African businesses become more productive and successful. It also provides the platform to expand its reach and presence to Southern and East Africa and further strengthen its position as Africa’s leading cloud HR and payroll platform.
SeamlessHR intends to launch a new embedded finance product and add product functionalities around artificial intelligence and HR data analytics to help improve the lives of working people across Africa.
Company: SeamlessHR.com Limited
Raised: $10.0M
Round: Series A
Funding Month: January 2022
Lead Investors: TLcom Capital
Additional Investors: Capria Ventures, Lateral Capital, Enza Capital, and Ingressive Capital
Company Website: https://seamlesshr.com/
Software Category: end-to-end HR and payroll software
About the Company: Founded in 2013 as Insidify.com — a jobs aggregator with a recruitment management system that matched employers to job seekers — Emmanuel Okeleji and Deji Lana relaunched the company, in a strategic pivot, as SeamlessHR in 2018 to provide cloud-based HR and payroll management SaaS solutions. SeamlessHR is an end-to-end HR and payroll software for emerging markets. Since its relaunch, the company has provided cutting-edge tools required to remain ahead of the rapidly changing HR management curve to over 100,000 clienteles from different organizations including PwC, Flutterwave, Sterling Bank, TGI Group, Lagos Business School, AXA, and Chapel Hill Denham. SeamlessHR software helps HR managers and companies to find good candidates out of a pile of applicants, onboard them, and manage all HR-related activities including HR information, payroll, performance, workforce planning, succession planning, time off, learning, and development, etc. on one portal.
Source: https://www.benjamindada.com/seamlesshr-10million-series-a-fund/