[Nigeria] PaidHR Secures $1.8m to transform African payroll and HR

PaidHR - a Nigerian HR-tech startup - has raised $1.8 million in seed funding to further its mission of simplifying payroll and workforce management for African businesses, WeAreTech.Africa reports.

The round, announced on June 23, was led by Accion Venture Lab, with participation from prior investors Zrosk, Chui Ventures, and Zedcrest Capital.

The new capital comes in the wake of a $500,000 pre-seed round in 2022. According to PaidHR, it will be used to accelerate product development, grow its team, scale across Africa, and expand offerings in compliance automation, HR analytics, and employee financial wellness.

PaidHR says it has positioned itself at the centre of a rising need for intuitive, scalable, and inclusive workforce solutions, as African businesses increasingly digitalise operations amid economic uncertainty.

Source: WeAreTech.Africa

PaidHR - a Nigerian HR-tech startup - has raised $1.8 million in seed funding to further its mission of simplifying payroll and workforce management for African businesses, WeAreTech.Africa reports.

The round, announced on June 23, was led by Accion Venture Lab, with participation from prior investors Zrosk, Chui Ventures, and Zedcrest Capital.

The new capital comes in the wake of a $500,000 pre-seed round in 2022. According to PaidHR, it will be used to accelerate product development, grow its team, scale across Africa, and expand offerings in compliance automation, HR analytics, and employee financial wellness.

PaidHR says it has positioned itself at the centre of a rising need for intuitive, scalable, and inclusive workforce solutions, as African businesses increasingly digitalise operations amid economic uncertainty.

Source: WeAreTech.Africa