Nigerian HRTech Company Pade HCM Raises $500k in Pre-Seed Round for African businesses

Pade HCM, a Nigerian HRTech platform that helps businesses automate the management of employee information, leave, payroll, claims, benefits, and performance, has raised $500,000 in its pre-seed round led by a global network of investors, including Zrosk IML, Zedcrest Capital, Microtraction, Expert Dojo, and Resilience 17, along with several angel investors.

Towards the end of 2020, Seye Bandele—a former marketing lead at Yudala and Konga, and Lekan Omotosho —a former consultant to the FCT and state governments in Nigeria co-founded Pade HCM, a SaaS company with a mission to build the simplest and most efficient people operations platform. It is an all-in-one, easy-to-use, cloud-based people management software that brings transformative HR strategy. The startup not only manages employee information; its services and products include: request management, payroll, approval workflows, customer notifications, management of benefits, performance, reports, and audits, but also drives disciplinary policies for compliance and behavioural issues.

Since its launch, Pade HCM has helped over 100 African businesses become more productive and profitable by taking repetitive HR tasks off of schedules. In 2022, the Nigerian HRTech company processed ₦‎2.67 billion (~$6.3 million) in payroll and managed over 10,000 employee profiles.

The platform stimulates team performance towards company objectives to create a high-performing organization. Using a balanced scorecard approach, transparently measure performance using OKRs that keeps the organization focused on its goals. It also manages health insurance, pension and other custom benefits for the team from within Pade. One can set up any statutory benefits provided locally and internationally.

Commenting on the investment, Co-founder & CEO of Pade HCM, Seye Bandele, said:

Our goal is to help businesses become more efficient, freeing up their time to focus on strategic work. Professionals should only spend valuable time handling HR tasks that can be automated with minimal human interaction. Our software helps organisations with onboarding, HRIS, payroll, compliance, performance management, asset management, disciplinary actions, and exit processes, providing reliable HR management solutions in all areas.

The statement further indicated that Pade HCM was founded with the recognition that Africa presents the largest opportunity for growth in the workforce globally. Africa is a continent with a young and rapidly growing population, but its economic growth and development have lagged behind other regions of the world.

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