Socium, a Senegalese HRTech startup, recently raised $5 million in a seed funding round led by Breega and with participation from investors such as Partech, Orange Ventures, and Outlierz. Raisers Partners acted as financial advisers for the deal. The company plans to use the capital to strengthen its foothold as a pioneer in the region’s HRTech market, where demand for tailored solutions is rising.
Co-founded in 2021 by Samba Lo and Serigne Seye, Socium addresses critical HR needs, including recruitment, payroll, and performance management. Initially conceived as a recruitment website, the startup evolved into a comprehensive HR solution after recognizing the broader needs of its clients. The platform automates routine tasks such as payroll calculations and CV scoring, freeing HR managers to focus on employee engagement and development. It is targeting the 21 countries in Francophone Africa, leveraging shared economic frameworks, regulations, and currency to deliver region-specific HR solutions.
Samba Lo, Co-founder of Socium, highlighted the industry’s untapped potential and explained how the startup’s emphasis on the region gives it a distinct advantage.
We’re committed to helping HR teams streamline daily operations so they can focus on their most important asset: people.
Socium’s tools also aim to support businesses with tax and regulatory compliance by integrating with tax agencies to automate filings. The startup has already garnered over 100 active clients spanning 15 countries and 10 industries. Its ability to address local HR challenges has positioned it as a key player in Africa’s burgeoning HRTech landscape.
In 2023, the firm launched a payroll engine designed to handle the complexities of payroll management across multiple regional countries. The solution enables rapid deployment in new markets—within two weeks—offering a faster alternative to global HR platforms.
With the new funding, Socium aims to expand its reach, enhance its product offerings, and become a leader in HRTech across Francophone Africa.
