Remoty, a Pakistani cloud-based human resources platform, has closed an angel funding round led by Deosai Ventures.
The angel round also saw participation from senior executives from Google and Deel, including angel investors like Tayab Tariq from RedBuffer and B2B SaaS industry veteran Usman Butt who has bootstrapped his SaaS to a multi-million dollar company. Hamid Zia, who has over a decade of experience with big techs like Microsoft, Amazon, and Google, has joined Remoty as an investor and advisor.
According to people familiar with the matter, the investment round was less than $1 million.
Founded by Mahad Ahmad, Fatimah Zafar, and Owais Basit who have immense experience in building and scaling products, team Remoty is looking to use this funding to nail their product market fit, and increase the pace of product development and strengthen their distribution channels.
When asked about the size of the investment, founder Mahad Ahmad said, “We’re not publicly announcing the investment size at this stage as we want to strategically position ourselves in the market along with overlapping products, traditional HR and payroll processing companies, to keep them in the grey area on our current standing. We are growing at a rapid pace and will come out with numbers at a point where we have a significant advantage over the market”.
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Read Full Story: https://propakistani.pk/2022/08/02/pakistans-remoty-raises-angel-investment-to-strengthen-operations-in-the-region/
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