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Nigeria’s Seamlesshr Raises $10M To Expand Hr And Payroll Solutions Across Africa

Nigeria’s Seamlesshr Raises $10M To Expand Hr And Payroll Solutions Across Africa

01/12/22, 8:00 AM
Money raised
$10 million
Industry
information technology
software
Africa’s appetite for cloud computing software continues to increase as connectivity and bandwidth opportunities push boundaries. Per reports, the continent’s cloud computing industry coupled with the Middle East is expected to grow to $31.4 billion in 2016 from $14.2 billion last year.

Company Info

Company
Seamless Hr
Additional Info
Initially, the company signed a couple of smaller companies to build its reputation. Now its enterprise-grade solution caters to a diverse range of companies, the company said. Here’s how it will work: Say a company is using SeamlessHR for its 5,000 employees; any one of them can tap into the platform’s earned wage access where they can access their salaries as soon as they’ve earned it. Localization of software also plays a part in SeamlessHR displacing these legacy systems in Nigeria.TLcom Capital partner Andreata Muforo said of the investment, “The strong execution shown by Emmanuel and his team is a vital ingredient required to build a successful business and as they expand their products to include embedded finance and launch their solutions to new markets, we’re proud to partner alongside them and strengthen their push to unlock more value within Africa’s B2B space.”The company says its new funding will further strengthen its position as “Africa’s leading cloud HR and payroll platform.” It was four years after several iterations of Insidify, an aggregator site for job seekers and a review site for companies that they started SeamlessHR in 2017.“The natural client for our job sites was the HR,” CEO Okeleji told TechCrunch on a call. Over 100,000 employees from these organizations use SeamlessHR monthly. Four years in, SeamlessHR, after handling salaries for several hundreds of companies, is now rich with human resources and payroll data.