'Rating platform Hi5 bagging 20 to 40 new clients a month after R2.5m funding'
Summary
He says the R2.5-million investment deal — which was concluded in March for a 25% stake in the startup — will enable the platform to “scale product and business development within South Africa and the region over 18 months”. Read more: Getihu, investment fund for SaaS startups launches with opening of Cape Town hub “The funding will be used to grow our sales team, further develop the platform based on ongoing client feedback and improve overall user interface (UI) and user experience (UX) as we get ready for global scale,” he explains. The monthly growth in Hi5’s client base has necessitated the need for the startup to “constantly grow” its team. “We are hiring, having recently bought in our first SDR (sales development representative – Ed) we will be looking to add one more in the coming months. He added that the startup also plans to start a internship programme for young software developers.