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Nigeria: Nigeria startup SeamlessHR closes a $10M Serie A funding round

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Nigeria startup SeamlessHR closes a 10M Serie A funding round

SeamlessHR has raised a $10 million Series A funding round led by TLcom Capital and drawing participation from Capria Ventures, follow-on investors Lateral CapitalEnza CapitalIngressive Capital, and several private investors. The funding will expand the platform’s presence and reach across Southern and East Africa strengthening its position as Africa’s leading cloud HR and payroll platform. A new embedded finance product will also be launched to help improve the lives of working people across the continent. New functionalities around AI and HR data analytics will also be added.

Dr. Emmanuel Okeleji and Deji Lana founded SeamlessHR in 2018 with an intention of building Africa’s first enterprise-grade, cloud-based HR platform. The company helps medium and large-scale companies automate and optimize their HR processes from recruitment to retirement through one interconnected platform at a suitable price point for African businesses.

In December 2020, the Lagos-based HR and payroll tech startup closed a seed round led by Lateral Capital and Consonance Investment Managers, with participation from Enza Capital and Ingressive Capital. The company has managed to work with an impressive number of customers such as Sterling Bank, TGI Group, Lagos Business School, PWC, Flutterwave, among others.

SeamlessHR has a revamped product suite that includes a Core HR Management system, Performance and Competency Management, Leave Management, HR Analytics, Recruitment Management, Payroll Management, and other modules.

Partner at TLcom Capital Andreata Muforo endorsed the “strong execution shown by Emmanuel and his team” further revealing how they plan to “deliver a robust HR and payroll platform for Africa’s medium and large businesses.”

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