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.
With the new fundraising, the firm plans to expand its operations and invest in product development.
Founded in December 2020 by Seye Bandele and Lekan Omotosho, Pade HCM is a software-as-a-service (SaaS) company aiming to build the most straightforward and 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.
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.
Since its launch, Pade HCM has helped over 100 African businesses become more productive and profitable by taking repetitive HR tasks off schedules. In 2022, the platform processed ₦2.67 billion (~$6.3 million) in payroll and managed over 10,000 employee profiles.
