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We’ve raised USD $10m in funding

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Today, we’re super excited to announce that we’ve raised $10m in our Series A funding round! This comes just about a year after announcing a seed round.

This funding round was led by TLcom Capital, with significant contributions from Capria Ventures, Lateral Capital, Enza Capital, Ingressive Capital, and some private investors.

The endorsements of new investors like TLcom and Capria are so significant for us as a company. Yet, the follow-on investments by Lateral Capital, Enza Capital, and Ingressive Capital are equally significant because of how indicative it is of the progressive growth and success we’re experiencing.

Andreata Muforo, Partner at TLcom Capital, expresses her belief in our ability to unlock more value in Africa’s B2B space.

“Over the last few years, SeamlessHR has consistently demonstrated its ability to deliver a robust HR and payroll platform for Africa’s medium and large businesses.

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 digitise workplaces and support their personnel.”

 

A bit about us

SeamlessHR was founded in 2018 by Dr Emmanuel Okeleji and Deji Lana – who currently serve as our CEO and CTO.

Since then, we’ve continued to build world-class cloud solutions to help organisations manage most HR processes on one platform. From starting out with one product, our product suite has now expanded to include a Core HR Management system, Performance and

Competency Management, HR Analytics, Leave Management, Payroll Management, Recruitment Management, and other vital modules.

SeamlessHR is the only enterprise-grade HR and payroll SaaS company in Africa that fully manages the entire lifecycle on one platform – one of the reasons we experience a high adoption rate from large-sized African organisations.

We cater to hundreds of companies, and our clientele spreads across multiple sectors and regions in Africa, including renowned brands like PwC, Flutterwave, Sterling Bank, TGI Group, Lagos Business School, AXA, and Chapel Hill Denham, to mention a few.

Our platform equips our clients and their people with the cutting-edge tools required to remain ahead of the rapidly changing HR management curve. Will Poole, the Managing Partner at Capria, agrees that we’re uniquely positioned to meet the needs of African organisations. He says:

“SeamlessHR is addressing the needs of African enterprises in ways that the global giants can’t compete with by building customer-centric SaaS designed from the ground-up to address complexity unique to the continent.

Now that they’ve proven they can address the needs of disparate countries across Africa, we are confident that they will be the solution provider of choice to support their customers that are expanding globally.”

 

How the funds will help us

The new funds will take us several steps closer to achieving our vision of helping more African businesses become more productive and successful. It also provides the platform to expand our reach and presence to Southern and East Africa and further strengthen our position as Africa’s leading cloud HR and payroll platform.

In addition, we’ll be launching a new embedded finance product to help improve the lives of working people across Africa. We’ll also be adding new product functionalities around AI and HR data analytics.

There’s so much to look forward to, yet at the same time, we can’t help but look back to appreciate our growth and every single customer who has trusted us enough to use and keep using our HR and payroll solutions. It’s thanks to our customers that we have become Africa’s leading cloud HR and Payroll SaaS company in such a short time.

Our CEO, Dr Emmanuel Okeleji promises that we will continue to put the customer experience first as we go forward this year. In his words:

“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 our customers even more.

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