ZenHR, the Middle East and North Africa’s HR software startup, raised $10 million in a growth funding round led by Rua Growth Fund with the participation of existing regional and global funds and investors, including Endeavor Catalyst.
The startup will use the funding to scale up its presence in all the 12 markets it operates in.
“Over the past few years, we’ve worked hard to build a winning team and culture at ZenHR. As we rapidly approach 1,000 customers and 100,000 users in MENA, this team has firmly established itself as a category leader in the cloud HR software space, achieving this with little to no funding. We are thrilled to partner with the team at Rua and are confident that this partnership will allow us to expand our regional footprint in all 12 markets we serve and strengthen our presence even further in Saudi Arabia, our main market. We look forward to all the great things we can accomplish together,” Yousef Shamoun, ZenHR’s Co-founder and CEO, said.
The startup was founded in 2017 and built a localized cloud-based HR platform consisting of several modules designed to streamline and automate the whole HR function from the “Acquire” stage to the “Retire” stage. The localization means that the platform is in compliance with local labor laws, tax laws, social insurance, and payroll policies and regulations across the region.
ZenHR’s products include automated payroll calculations, onboarding and offboarding of employees, attendance and time-tracking, performance management, employee self-service, and an applicant tracking system.
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