Paismo has designed subscription-based software for businesses to streamline human resource activities
The firm plans to scale up its operations internationally by exploring markets in the Middle East and North Africa
ISLAMABAD: A Pakistani startup announced on Tuesday it had raised $1.3 million in a seed round led by Indus Valley Capital with the participation of Singapore-based Antler and Jedar Capital.
Paismo has designed a subscription-based program for local businesses to streamline human resource activities, though it also plans future expansion to the Middle East and other countries.
The seed round brought the tech firm’s total funding to $1.5 million after it also raised $200,000 in November.
“Paismo HR is excited to announce our over $1.5M raise to date with Business Recorder,” the startup announced on its LinkedIn page. “We are honored to empower businesses in Pakistan and globally optimize their People functions and business growth!”
“We invite businesses of all sizes to participate in a free product demo,” it added. “Start early with us to lock in special pricing. We’re here to grow with you.”
According to Business Recorder, a local newspaper, Paismo was set up by two University of Pennsylvania students, Rebecka Zavaleta and Usama Mahmud, with an aim to utilize technology to facilitate human resource processes.
The tech firm issued a statement, saying it planned to explore international markets in the Middle East and North Africa along with the Southeast Asian...
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