SeamlessHR Secures Gates Foundation’s Funding, Helios Digital Ventures to Revolutionize HR-Tech in Africa – THISDAYLIVE
Summary
SeamlessHR, Africas leading Human Resource technology company, announced today that it has raised $9 million in its latest funding round from the Gates Foundation and Helios Digital Ventures as it continues to revolutionize the future of workforce productivity in Africa with cutting-edge technology.The new investment will drive the HR-Tech companys plan to expand its reach across Africa, enhancing workforce productivity, and accelerating business performance through innovative solutions including Embedded Finance offerings, and AI-driven workforce management technology.The investment comes on the back of an impressive run of five years withSeamlessHRs eponymous software being used by nearly 2000 businesses to manage HR and Payroll processes for about 300,000 employees across 20 African countries.Commenting on the announcement, SeamlessHRs Co-founder and Chief Executive Officer, Dr. Emmanuel Okeleji, shared his excitement about the round of funding and the pivotal role SeamlessHR is playing in directly tackling productivity amongst Africas workforce and improving the quality of life of Africas hardworking people.I am really excited about our journey. The impact of recent global disruptions like the pandemic and various conflicts around the world and its resultant effect on economic indices such as inflation, exchange rates, and food supply has unfortunately affected the most vulnerable working Africans, leading to worsening poverty.We are confident that our suite of embedded finance products will contribute to alleviating these problems at scale for our people so that working Africans like people in other parts of the world will be able to leverage responsible credit to gain better access to basic life needs like shelter, mobility, food, and education. 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.Uche Amaonwu, Nigeria Country Director of the Gates Foundation, added: The Gates Foundation is excited about the potential for SeamlessHR to enable access to critical financial services for millions of hard-working, formally employed Africans. This is particularly relevant in Nigeria for workers to potentially mitigate the increasing cost of living.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.SeamlessHR is Africas leading payroll and HR technology company, focused on helping institutions across the continent improve their workforce productivity with cutting-edge technology solutions.Serving over 1,000 medium to large enterprises across the world, we offer a robust platform that streamlines the entire employee lifecycle, from recruitment to retirement. With physical offices in Nigeria, Ghana, and Kenya, SeamlessHR delivers cutting-edge technology and exceptional support to clients across the continent.SeamlessHR has raised $20 million in funding to fuel our rapid global expansion and develop innovative products, including our embedded finance solution, reinforcing our commitment to providing comprehensive HR solutions.