SeamlessHR, a HR tech firm, has raised $9 million to revolutionize the future of workforce productivity in Africa with cutting-edge technology.
The funding round from the Gates Foundation and Helios Digital Ventures, will help the firm to expand its reach across Africa, enhance workforce productivity, and accelerate business performance through new products such as Embedded Finance offerings, and AI-driven workforce management technology.
In a statement, SeamlessHR’s Co-founder and Chief Executive Officer, Dr. Emmanuel Okeleji, said, “I am really excited about our journey. Over the last 5 years, we have expanded across the continent to become the dominant HR and Payroll Software for medium to large enterprises in Africa. While we continue to accelerate our work to optimize workforce productivity in both the public and private sectors across the continent, much of our attention will also be on empowering hardworking Africans with responsible credit products that will help them use their employment as collateral to enjoy a better life.”
Launched in 2020, SeamlessHR has raised $20 million in funding to fuel its rapid global expansion and develop innovative products, including its embedded finance solution, reinforcing its commitment to providing comprehensive HR solutions.
SeamlessHR has nearly 2000 businesses using its suite of softwares to manage HR and Payroll processes for about 300,000 employees across 20 African countries.
This announcement comes months after SeamlessHR announced the launch of new embedded finance products that enable employers and employees to access critical financing solutions, including payroll financing, to fuel their growth and business performance.
The payroll and HR technology firm is serving over 1,000 medium to large enterprises across the world with a platform that streamlines the entire employee lifecycle, from recruitment to retirement and has physical offices in Nigeria, Ghana, and Kenya.
Fope Adelowo, Managing Partner at Helios Digital Ventures, commented: “We believe technology is the key to unlocking Africa’s immense potential as a global economic force. SeamlessHR is not only pioneering the digitisation of workforce management but also empowering businesses and employees with transformative solutions such as embedded finance. By providing salary assurance and enhanced wage access, they are breaking down barriers to financial inclusion across the continent. We are pleased to partner with SeamlessHR on this exciting journey and look forward to accelerating their impact across Africa in its next phase of growth.”