FinTech news in HR tech category

Following this growth, it is planning on expanding to Egypt and the UAE, while doubling down on Saudi Arabia, against the backdrop of $5 million pre-Series A funding it has raised, in a round led by Europe-based VC Speedinvest, which marked its debut into Saudi Arabia, and RAED Ventures, with participation from MENA focused VC firm Wamda Capital. His findings were not unique to him as a recent study showed an increasing dissatisfaction with HR tech providers — half of the respondents said they planned to change their systems for new technologies that offer better user experience and take remote working into consideration. For instance, in Saudi Arabia, palm.hr also has integrated with government services such as Mudad for digital payroll and compliance, mandated by the country ministry of labor; the General Organization for Social Insurance (GOSI), and Muqeem, the foreign employee’s data platform. Driven to bridge the gap, in 2019, Schrems (CEO) teamed up with Christoph Czichna (COO) and Dragan Nikolic (CPO), to launch Palm.hr, based out of Riyadh and whose clients include Hala, Thmanyah, the Saudi Venture Capital Company, Mozn, Jeeny, Rabbit.

For example, it wants to help startups with all aspects of compensation matters within their organization — going beyond salaries to also advise on compensation reviews, employee communication and pay analytics. The company is emerging from stealth today, announcing a $6 million seed round raised earlier this year led by Inspired Capital and including participation from Floodgate, SV Angel as well as founders and C-level executives of Rippling, Wealthfront, Pilot.com, Thumbtack, Public.com and others. Comprehensive’s target customers are startups, a world Lee is familiar with, having started two of his own, as well as launching Layoffs. For Roger Lee, the issue came up repeatedly when he co-founded 401(k) provider Human Interest, which achieved unicorn status in August of 2021 and today has nearly 700 employees.