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African Startup Funding Tracker

$126,865,000+

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Nigerian HRtech Startup Pade HCM Raises USD 500 K Pre-Seed Funding
Nigerian HRtech Startup Pade HCM Raises USD 500 K Pre-Seed Funding

Nigerian HR tech startup Pade HCM has closed a USD 500 K pre-seed funding round to help it expand its operations. Investors in the round include 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.

Pade HCM automates and simplifies HR processes. The startup’s platform helps organizations with onboarding, HRIS, payroll, compliance, performance management, asset management, disciplinary actions, and exit processes, providing reliable HR management solutions in all areas. The company claims to have helped over 100 African businesses become more productive and profitable, processing NGN2.67 billion (USD 6.3 M) in payroll in 2022 and managing over 10,000 employee profiles so far.