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
IFC considers up to $8 million in Aruwa Fund II $50 million fund targets Nigerian, Ghanaian SMEs Focus on women-led firms in underserved...
Vista acquires 99.99% of Saham Assurances Niger Company rebranded as Vista Assurances Niger Deal marks entry into Niger’s small insurance...
Beltone acquires Baobab Group for €197.6 million Deal expands footprint into seven sub-Saharan countries Baobab serves 1.6 million...
Nigeria’s BoI launches CBN-approved Islamic finance window Bank to offer Ijara leasing and Mudaraba contracts Move targets underserved businesses,...
Most Read
01

Deposits grow 2.7%, supporting lending recovery Average loan sizes small, credit risk persists ...

Togo Microfinance: Deposits and Loans Rise Simultaneously in Q3 2025
02

Oil majors expand offshore exploration from Senegal to Angola Gulf of Guinea accounts for about 1...

Gulf of Guinea regains appeal as a key exploration hub for oil majors
03

Rwanda, partners break ground on $2 billion Kigali Innovation City Smart city targets ...

Rwanda Mobilises Global, Local Finance for $2Bln Innovation City Targeting Africa’s Digital Economy
04

MTN is considering buying back telecom towers it sold years ago, signalling that control of infras...

MTN’s Talks to Buyout IHS: A Strategic Reversal That Could Reshape African Telecoms
05

Ziidi Trader enables NSE share trading via M-Pesa M-Pesa revenue rose 15.2% to 161.1 billio...

Safaricom launches M-Pesa platform for stock trading in Kenya
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.