SeamlessHR: Story, Founders, Investors & Funding Rounds
SeamlessHR is a Nigerian HR platform that helps organizations make the best of their people all over the world.
It develops a human resource platform designed to help organizations make the best of their people. The company’s technology provides hiring, training, payroll, leave, performance, and onboarding with HR, management, and learning management systems, enabling businesses with an end-to-end solution to optimize human resources from hiring to retirement.
The company’s eponymous product is a cloud-based, end-to-end HR software that helps businesses manage and streamline their entire human resource processes and workflow.
Its product suite includes an HR management system, performance, and competency management, HR analytics, leave management, payroll management, and recruitment management.
SeamlessHR is now rich with human resources and payroll data after handling salaries for several hundreds of companies. Sitting on top of such data provides leverage to build out more vertical products; for this reason, SeamlessHR ventures into launching embedded finance products for employees.
Building an HR solution in Africa requires more workaround than in developed markets, where most small businesses can afford to pay for software.
The opportunity in Africa primarily lies with large corporations, not SMEs since they have higher purchasing power and a greater need for HR solutions; they make up the bulk of SeamlessHR’s customers.
SeamlessHR has also eaten into the market share of legacy and on-premise systems like SAP and Oracle, commonly used by large companies locally.
Companies now know they can do without hiring employees who need certifications to manage software and concentrate on setting and onboarding cloud-based software solutions capable of serving their needs, albeit cheaper.
Localization of software also plays a part in SeamlessHR replacing these legacy systems in Nigeria.
How it Works
Say a company is using SeamlessHR for its 5,000 employees; any one of them can tap into the platform’s earned wage access where they can get their salaries up until the point they’ve worked.
It’s a typical salary structure in markets such as the U.S. but rarely used in markets like Nigeria.
Whether you have 5 or 5,000 employees, SeamlessHR is the right tool for you if you run a business from Africa. The software works for large corporations as much as it does for HR consultants and forward-thinking SMEs.
Your data is secure. SeamlessHR is NDPR and GDPR compliant. You also have access to inbuilt tools that allow you to control and assign permission rights appropriately on the software.
Additionally, they comply with necessary regulations when managing your data.
SeamlessHR has an easy and intuitive self-sign-up experience to help you get things rolling but should you need help, their implementation team is on standby.
The payroll software integrates seamlessly with most accounting software, so you have one less thing to worry about.
Their payroll software is available for a monthly token as a Software-as-a-Service (SaaS), and you can access the service from anywhere through a browser.
SeamlessHR comes with in-built user-friendly tools, and you can also tailor your workflows. However, you can talk with them if you find that you have unique customization needs.
Additionally, you can add multiple admins, give them different access rights, and also attach them to a workflow for your HR processes.
SeamlessHR accepts bank deposits, cheques, and wire transfers therefore, you can choose whichever method is most convenient for your transaction.
You may also purchase any of the following add-ons as standalone: Payroll, Recruitment Management, and Performance management.
Emmanuel Okeleji has two current jobs as CEO at SeamlessHR and Co-founder and Ceo at Insidify.
Deji Lana is the Co-Founder & CTO at SeamlessHR.
Investors & Funding Rounds
TLcom Capital, Lateral Capital, Consonance Investment Managers, Enza Capital
SeamlessHR has raised $10 million in Series A funding for its next phase of growth and regional expansion.
Pan-African venture capital firm TLcom Capital led the round. New investor Capria Ventures and existing investors Lateral Frontier Ventures, Enza Capital, and Ingressive Capital participated.
This new funding will further strengthen its position as Africa’s leading cloud HR and payroll platform and it would take its business south of the continent with South Africa as the operating hub, thus hiring more staff.
The company currently has a presence in Nigeria and Kenya; it’ll also use the funds to expand further in the East African country and surrounding markets.
Product-wise, SeamlessHR plans to build out its embedded finance offerings and provide additional functionalities, especially around artificial intelligence, data analytics, and machine learning.
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