SprintX invests in Kenyan HR platform

Kenyan startup Crew HR & Payroll has rebranded to FaidiHR after it received an undisclosed amount of funding from SprintX, a US-based venture capital firm.

The start-up, which offers digital human resource solutions to African companies, said they would use the investment to expand their business in East Africa, eyeing entry into Uganda, Tanzania and DRC.

The firm offers a cloud platform that allows small and medium enterprises (SMEs) in Africa to automate their HR processes. The platform is accessible over the internet and helps to automate payroll, off days, employee data, tasks, inventory, training and appraisals expenses, among others.

FaidiHR CEO Peter Muchemi said the move is the first round of venture capital investment and comes at a time the firm has already achieved strong market validation and is ready to scale up.

Pavan Kumar, managing partner of SprintX said, “FaidiHR is a unique platform that is specialised in addressing the needs of enterprises in Kenya. The founders, Peter and Mike, have a deep understanding and a strong product road map to serve the growing needs of small, medium and large companies in Kenya. Combining their sales and technology skills, with our expertise in platforms and business strategy, would be the right recipe to attain market leadership in the near term.”

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