HelloHR, a South African payroll software company, has raised equity funding from Finclusion Group. HelloHR provides cloud-based payroll solutions through a 3-step payroll software designed for South African businesses, accountants and HR professionals at an affordable price. Services include payroll, employee time-off self-service, accountant friendly systems and integration to Xero technology. The strategic stake sold to Finclusion Group or the amount raised in the funding round was not disclosed.
Finclusion Group is a fintech group that uses advanced proprietary artificial intelligence algorithms alongside pioneering technology to grant safe financial services while maintaining accurate automated credit decisions. The group builds products that help to make financial tools easily accessible for people throughout the African continent. Finclusion Group operates brands known as Smart Advance, TrustGro, Fractal Labs, Niftycover, Niftycredit, Click2Pay and Getbucks. Finclusion Group also secured funding in 2021 of US$20million from fintech debt-financing provider, Lendable.