Pade HCM, a Nigerian HR tech startup, has raised $500,000 in pre-seed funding led by a global network of investors including Zrosk IML, Zedcrest Capital, Microtraction, Expert Dojo, and Resilience 17, along with several angel investors.

The software-as-a-service (SaaS) company is on a mission to build the simplest and most efficient people operations platform in Nigeria and according to the founders, Seye Bandele and Lekan Omotosho, Pade HCM has processed over NGN2.67 billion ($6.3 million) in payroll services in 2022 alone while managing over 10,000 employee profiles.

The startup was, however, founded in 2020 as a platform that automates and simplifies HR processes. The startup has so far helped over 100 African businesses become more productive and profitable.

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According to the founders, 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.”