SeamlessHR Raises $9M in Funding from Gates Foundation and Helios Digital Ventures

SeamlessHR Raises $9M in Funding from Gates Foundation and Helios Digital Ventures

SeamlessHR, Africa‘s leading Human Resource company, has secured a US$9 million boost from the Gates Foundation and Helios Digital Ventures to propel its mission of empowering African workers and businesses.

This , which according to a JoyNews publication and sighted by The Ghana Times lifts the company’s total funding to US$22 million demonstrates SeamlessHR’s commitment to revolutionizing workforce productivity through cutting-edge solutions.

This funding is seen as a significant step for SeamlessHR’s journey, following its five years of remarkable growth and impact. During this time, the company’s software has become the dominant HR and payroll platform for nearly 2,000 businesses, managing the needs of approximately 300,000 employees across 20 African countries.

SeamlessHR is now poised to scale its reach even further, equipping organizations and employees with innovative tools to achieve greater efficiency and productivity.

A Vision for Empowerment

For SeamlessHR’s Co-founder and CEO, Dr. Emmanuel Okeleji, this funding represents more than just financial support; it’s a bold opportunity to tackle the challenges faced by Africa’s workforce.

Reflecting on the company’s progress, Dr. Okeleji highlighted how SeamlessHR is uniquely positioned to improve the lives of hardworking Africans.

“I am really excited about our journey. Over the last five years, we have expanded across the continent to become the dominant HR and Payroll Software for medium to large enterprises in Africa.

“While we continue to accelerate our work to optimize workforce productivity in both the public and private sectors, much of our attention will also be on empowering hardworking Africans with responsible credit products that will help them use their employment as collateral to enjoy a better life,” he said.

SeamlessHR’s focus on embedded finance products comes at a critical time, addressing the economic difficulties that many African workers face daily. It is seen that by bridging the gap between employment and access to essential services, the company is unlocking opportunities for workers to secure housing, education, and .

SeamlessHR Secures US$9M from Gates Foundation, Helios Digital Ventures

Backing from Strategic Partners

The key role of technology in driving Africa’s economic transformation was emphasized by Helios Digital Ventures, one of the leading investors in this funding round.

Recognizing SeamlessHR’s potential, Managing Partner Fope Adelowo praised the company’s efforts to digitize workforce management and break barriers to financial inclusion.

“We believe technology is the key to unlocking Africa’s immense potential as a global economic force. SeamlessHR is not only pioneering the digitization of workforce management but also empowering businesses and employees with transformative solutions such as embedded finance.

“By providing salary assurance and enhanced wage access, they are breaking down barriers to financial inclusion across the continent. We are pleased to partner with SeamlessHR on this exciting journey and look forward to accelerating their impact across Africa in its next phase of growth,” Adelowo shared.

Similarly, the Gates Foundation, another strategic partner, expressed confidence in SeamlessHR’s ability to deliver critical financial solutions to millions of formally employed Africans. The foundation’s support highlights the global recognition of SeamlessHR’s mission and its potential to create meaningful change across the continent.

“The Gates Foundation is excited about the potential for SeamlessHR to enable access to critical financial services for millions of hard-working, formally employed Africans,” said Uche Amaonwu, Country Director of the Gates Foundation.

Expanding Possibilities for African Workers

This US$9 million investment builds on SeamlessHR’s recent launch of embedded finance products, which provide essential payroll financing and other tools for employers and employees.

These solutions aim to tackle pressing economic challenges, such as inflation and reduced purchasing power, while fostering a more inclusive and supportive ecosystem for African workers.

Leave a Reply

Your email address will not be published. Required fields are marked *