SeamlessHR announced today that it has raised $ 10 million in Series A funding led by TLcom Capital, a venture capital firm that has $ 200 million in VC assets in Africa and Europe managed.

In addition to TLcom, the financing round also received significant contributions from global VC firm Capria Ventures, from existing investors such as Lateral Frontier Ventures, Enza Capital, Ingressive Capital and several other strategic private investors.

The company announced that this new capital will be used to further strengthen SeamlessHR’s position as Africa’s leading cloud HR and payroll platform. It will help grow the team and drive the company’s expansion into South and East Africa with Kenya and South Africa as the operation hub. The company also intends to add new product features around artificial intelligence and HR data analytics.

According to Dr. Emmanuel Okeleji, co-founder and CEO of SeamlessHR, the capital increase will help optimize the company’s growth.

“Thanks to our customers, we have become the leading cloud HR and payroll SaaS in Africa in such a short time. But that’s just the beginning. We are fanatical about customer success and this funding will allow us to invest in continuously optimizing the customer experience across all touchpoints and adding new features and functionality to help companies grow incredibly, “he said.

Post The company sees its position as a catalyst for business growth on the continent. “The cloud computing industry is experiencing significant growth, with the industry in Africa expected to grow from its current estimated market size of $ 14.2 billion in 2021 to $ 31.4 billion in 2026. Seamless HR wants to be at the forefront and strives to help African companies use their greatest asset – the abundant human capital. According to its press release.

SeamlessHR is an HR technology company focused on helping emerging market companies become more productive and successful by providing well-designed, world-class technology solutions.

The company was founded in 2018 by Emmanuel Okeleji and Deji Lana and offers first-class technology solutions for the comprehensive management and optimization of HR data and workflows. It is the only company of its kind in Africa founded by Africans to meet the needs of African employers and meet the demands of African businesses from hiring to retirement.

The company recognizes the progress and the Changes in the workforce as it involves remote work and currently serves hundreds of companies. The customer base spans multiple sectors in Africa including well-known brands such as PWC, Flutterwave, Sterling Bank, TGI Group, Lagos Business School, AXA and Chapel Hill Denham.


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