Lagos-based SeamlessHR, a company specialising in human resources and payroll software, has been recognised by the Financial Times (FT) as one of the African businesses expanding at the quickest rate.
By working with Statista, a global data and business intelligence platform, the Financial Times was able to compile a ranking of the companies in Africa expected to experience the fastest growth in 2024.
On this list, independent African businesses are ranked according to the organic, internally stimulated compound annual growth rate in revenue they experienced during the period under consideration.
Read also: World Food Forum opens applications for Startup Innovation Awards
The progress of SeamlessHR
With absolute growth rates of 700.66% and a compound annual growth rate of 100.06%, SeamlessHR ranked ahead of hundreds of leading companies in various industries, including technology, telecommunications, manufacturing, financial services, and healthcare.
Dr Emmanuel Okeleji, CEO and co-founder of SeamlessHR expressed his excitement about the recognition by saying, “We are thrilled to be recognised by the Financial Times as one of Africa’s fastest-growing companies.”
He shared that their inclusion in this prestigious list reflects the sustained growth trajectory fueled by an unrelenting pursuit of excellence, innovation, and a commitment to driving positive change in technology. He noted that their dedication as a company to developing homegrown solutions that contribute to the success of these institutions and the improvement of the lives of working people in Africa, thereby influencing the future of the labour force on the African continent, remains unwavering.
In 2023, the organisation facilitated payroll processing for $300 million for various African businesses, thereby establishing itself as a reliable partner in its pursuit of success.
The business recently completed a Series A funding round, which resulted in the acquisition of ten million dollars. The company intends to build new embedded finance products and continue its impressive pan-African expansion.
About SeamlessHR
SeamlessHR is developing the first enterprise-grade, cloud-based human resource management platform in Africa, established in 2018 by Dr. Emmanuel Okeleji and Deji Lana. It is the most successful payroll and human resources technology company in Africa. Its primary mission is to provide businesses with cutting-edge technological solutions that enable them to manage their entire human resources and payroll lifecycle, from hiring to retirement.
Read also: Visa announces 20 startups for second cohort for Africa fintech accelerator
SeamlessHR is unwavering in its commitment to empowering African businesses through its one-of-a-kind products, including performance management, recruitment, human resource management, payroll, and time and attendance software. These products are currently available in Nigeria, Kenya, Ghana, Uganda, Tanzania, Rwanda, Zambia, Gambia, Ethiopia, and Botswana, and the company is expanding its operations to southern Africa.
Several modules are included in the product suite, including a recruitment management system, core HR management, performance and competency management, payroll management, and multiple other modules.
An impressive list of customers already exists for the company, including Sterling Bank, Wema Bank, Providus Bank, Lagos Business School, Nigeria Interbank Settlement System Plc (NIBSS), Coronation Bank, PwC, the Chartered Institute of Personnel Management (CIPM), and more than a hundred additional medium to large-sized corporations operating in a variety of industries in Nigeria and Ghana.