Friday
April 15
2022

South Africa HR Startup SmartWage Raises $2 Million Seed Round

By Tom Jackson

South Africa’s SmartWage, an HR and communications technology startup, has raised US$2 million in an oversubscribed seed funding round to support its vision of transforming Africa’s workforce through digital inclusion, particularly for frontline employees.

Founded in 2019, SmartWage started off by allowing companies to provide their employees with instant access to a percentage of their salaries and wages for work they have already done.

It has since expanded beyond that, giving enterprises a simple yet effective way to digitise their most time-consuming HR processes, helping them save time and money in order to focus on people. The product gives employees without email the ability to receive company-wide communication, access their payslips, request leave and get access to financial wellness products, all via WhatsApp.

Photo courtesy of blickpixel.

Source: Disrupt Africa (link opens in a new window)

Categories
Technology
Tags
digital inclusion, ESG investing, funding, impact investing, social impact, technology