Nigerian HR tech startup, a software-as-a-service (SaaS) company with a mission to build the simplest and most efficient people operations platform, has closed a US$500,000 pre-seed funding round to help it expand its operations.
Founded in December 2020 by Seye Bandele and Lekan Omotosho, Pade HCM automates and simplifies HR processes. The startup has so far helped over 100 African businesses become more productive and profitable, processing NGN2.67 billion (US$6.3 million) in payroll in 2022 and managing over 10,000 employee profiles.
Bootstrapped until now, the startup has closed a US$500,000 pre-seed funding round from a global network of investors including Zrosk IML, Zedcrest Capital, Microtraction, Expert Dojo, and Resilience 17, along with several angel investors. The new funding will enable the company to expand its operations and invest in product development.
“Our goal is to help businesses become more efficient, freeing up their time to focus on strategic work,” said Pade CEO Seye Bandele. “Professionals should not spend valuable time handling HR tasks that can be automated with little 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.”