TLcom Capital leads investment in Nigerian HR tech company
Nigerian HR technology company SeamlessHR has raised $10 million series A funding, just about a year after announcing a seed round. This funding round was led by TLcom Capital, with significant contributions from Capria Ventures, Lateral Capital, Enza Capital, Ingressive Capital, and some private investors.
Andreata Muforo, partner at TLcom Capital, expressed her belief in SeamlessHR’s ability to unlock more value in Africa’s B2B space: “Over the last few years, SeamlessHR has consistently demonstrated its ability to deliver a robust HR and payroll platform for Africa’s medium and large businesses.
”The strong execution shown by Emmanuel and his team is a vital ingredient required to build a successful business, and as they expand their products to include embedded finance and launch their solutions to new markets, we’re proud to partner alongside them and strengthen their push to unlock more value within Africa’s B2B space. At TLcom, we believe SeamlessHR can be the preferred platform for businesses to digitise workplaces and support their personnel.”
SeamlessHR was founded in 2018 by Dr Emmanuel Okeleji and Deji Lana – who currently serve as CEO and CTO respectively.
Since then, the company has continued to build cloud solutions to help organisations manage most HR processes on one platform. From starting out with one product, the product suite has now expanded to include a core HR management system, performance and competency management, HR analytics, leave management, payroll management, recruitment management, and other vital modules.
Will Poole, managing partner at Capria says, “SeamlessHR is addressing the needs of African enterprises in ways that the global giants can’t compete with by building customer-centric SaaS designed from the ground-up to address complexity unique to the continent. Now that they’ve proven they can address the needs of disparate countries across Africa, we are confident that they will be the solution provider of choice to support their customers that are expanding globally.”
SeamlessHR CEO, Dr Emmanuel Okeleji says, “We are fanatical about customer success, and this funding will enable us to invest in the continuous optimisation of customer experience across all touchpoints, adding new features and functionalities to empower our customers even more.”
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