Finance

Nigeria’s SeamlessHR raises $10mln to boost activity

Nigeria’s SeamlessHR raises $10mln to boost activity
Wednesday, 12 January 2022 16:42

Nearly a year after its last round of funding, Nigerian HR and payroll platform SeamlessHR announced it has raised an additional $10 million in Series A funding to pursue its expansion strategy.

 The company, which enables medium and large companies to automate their HR and payroll processes on a single platform, raised the resources from previous investors, including Lateral Capital, Enza Capital, and Ingressive Capital. A new partner, namely TL Com Capital led the operation.

“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,” the company said.

SeamlessHR currently operates in Nigeria and Kenya and plans to expand into southern Africa particularly in South Africa. The company is also targeting East Africa and surrounding markets. Beyond human resource management solutions, it offers additional services in Artificial Intelligence, data analysis, and machine learning areas.

Chamberline Moko

On the same topic
EU, EBRD launch €26.5 million financing facility in Côte d’Ivoire Program targets SMEs with loans, co-financing and technical support Initiative...
BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, interoperable real-time payments All financial...
Okoumé Capital licensed as fund manager by regional regulator Approval enables expansion across Central African financial markets Firm aims to boost...
GIMAC, Visa sign deal to modernize CEMAC payments ecosystem Partnership targets digital payments, interoperability and financial inclusion Move...
Most Read
01

A $147M Novastar Ventures fund backed by major Japanese firms offers co-investment rights int...

Mitsubishi, Toyota Buy Options on Africa's Next Startups
02

ECOWAS and IMF sign cooperation framework to strengthen policy alignment West Africa’s grow...

ECOWAS and IMF Set New Framework to Align Policies Across West Africa
03

West African Development Bank plans CFA6,500 billion ($11.5 billion) in financing for 2026–2030. ...

BOAD Targets $11.5 Billion Investment in WAEMU by 2030 Under New ‘Djoliba’ Plan
04

Coca-Cola will invest $1.03 billion in South Africa by 2030 to expand capacity and distributi...

Coca-Cola Plans $1 Billion Investment in South Africa After Nigeria Push
05

West African Development Bank allocates $131.8 million to support cotton sectors in Burkina F...

BOAD Commits $131.8 Million to Cotton Sector in Burkina Faso and Mali
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.