SeamlessHR Raises $10m Series A Round To Fund International Expansion
The Nigerian HR technology startup has developed robust, cloud-based, end-to-end HR software that helps businesses anywhere manage their entire human resource processes from hire to retire.
SeamlessHR said it has raised a US$10 million Series A funding round to accelerate its next phase of growth and fund its international expansion.
The Series A funding round was led by TLcom Capital and also featuring Capria Ventures as well as existing investors Lateral Frontier Ventures, Enza Capital and Ingressive Capital, and several strategic private investors.
According to the startup, this new capital will be used to further strengthen SeamlessHR’s position as Africa’s leading cloud HR and payroll platform. It will provide means to grow the team, fuelling expansion across the continent to Southern and East Africa, with South Africa and Kenya as operation hubs respectively.
SeamlessHR said it will also add new product functionalities around artificial intelligence and HR data analytics. Leveraging its rich HR and payroll data, SeamlessHR will also be launching new embedded finance products that will improve the lives of working people in Africa.
Dr Emmanuel Okeleji, SeamlessHR Co-founder and CEO stated: “Thanks to our customers, we have become the leading cloud HR and payroll SaaS in Africa in such a short time. But this is only the beginning. We are fanatical about customer success and this funding will enable us to invest in the continuous optimisation of customer experience across all touchpoints, adding new features and functionalities to empower enterprises as they continue their incredible growth.”
Andreata Muforo, Partner at TLcom Capital, said: “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. At TLcom, we believe SeamlessHR can be the preferred platform for businesses to digitize workplaces and support their personnel.”