• About
  • Advertise
  • Careers
  • Contact Us
Monday, June 23, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
ADVERTISEMENT
Home Business StartUPs

Palm.hr Closes $5 million Pre-Series A Funding Round led by Speedinvest, RAED Ventures

by Joan Aimuengheuwa
February 8, 2023
in StartUPs
0
Palm.hr Closes $5 million Pre-Series A Funding led by Speedinvest, RAED Ventures
Christoph Czichna, Richard Schrems and Dragan Nikolic, Co-founders, Palm.hr

Christoph Czichna, Richard Schrems and Dragan Nikolic, Co-founders, Palm.hr

UBA
Advertisements

Focused on the comfort of employees and providing modern HR teams with adequate management, growth and people engagement tools, Palm.hr has raised $5 million pre-Series A funding.

Palm.hr will leverage the investment to strengthen its reach across Saudi Arabia, while expanding into new markets such as Egypt and the UAE. The company also plans to add new features and products to its offerings, enabling employees purchase or rent assets, sign up to health or travel insurance, among other benefits.

The round was Speedinvest’s first investment in a Saudi Arabian company. The Europe-based VC led the round alongside RAED Ventures, with participation from MENA-focused VC firm Wamda Capital.

Palm.hr wants to create a mobile-first experience so as to enhance HR tech and employee experience across the MENA region.

Founded by Richard Schrems, Christoph Czichna and Dragan Nikolic, the company focuses on payroll automation, leaves and absences tracking, and staff performance monitoring and follow-up, as well as making internal communication between staff seamless.

It also automates other workflow functions related to HR including on or off-boarding of employees, and is configurable across borders, making it easy for it to match local labour laws, and employee regulations in different markets.

Palm.hr has integrated with Saudi Arabian government services such as Mudad for digital payroll and compliance, mandated by the country’s ministry of labour; the General Organization for Social Insurance (GOSI), and Muqeem, the foreign employee’s data platform.

Loading

Advertisements
MTN ADS

Author

  • Joan Aimuengheuwa
    Joan Aimuengheuwa

    Joan thrives at helping individuals and businesses scale via storytelling...

    View all posts
0Shares
Tags: Christoph CzichnaDragan NikolicPalm.hrRaed VenturesRichard SchremsSpeedinvest
Joan Aimuengheuwa

Joan Aimuengheuwa

Joan thrives at helping individuals and businesses scale via storytelling...

Next Post
Blockchain Africa Conference

Gearing African Businesses to Compete in the Global Blockchain Marketplace

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

What is sales and How to go about Sales

Authenticity as an Essential and Powerful Sales Tool

1 year ago
BVN Quickens Reimbursement of Defunct Heritage

BVN Quickens Reimbursement of Defunct Heritage Bank Customers – NDIC 

10 months ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Translate »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.