SeamlessHR, a Nigeria-based human resources company, has raised $10 million in Series A funding for its next phase of growth and regional expansion across Africa. The new round of financing was led by TLcom Capital, a pan-African venture capital firm. Capria Ventures, a new investor, joined current backers Lateral Frontier Ventures, Enza Capital, and Ingressive Capital.
“Innovation that permits individuals to get credit for their jobs does not happen in Africa. We leverage finance, technology, and HR to assist individuals transform their jobs into collateral to obtain secure credit,” said SeamlessHR CEO, Emmanuel Okeleji.
SeamlessHR offers an HR management system, performance and competence management, HR analytics, leave management, payroll administration, and recruitment management are all part of the company’s product range.
The new funds will be used to expand the solution’s reach and presence to Southern and East Africa and further strengthen the position as Africa’s leading cloud HR and payroll platform. In addition, the company will be launching a new embedded finance product to help improve the lives of working people across Africa plus new product functionalities around AI and HR data analytics.
Announcement: SeamlessHR Raises $10M for HR and Payroll Suite