SeamlessHR, now building a broad enterprise technology business rather than focusing only on HR software, will continue to operate as one of several businesses under the new corporate brand, alongside new products designed to support business operations and improve workers’ access to financial services.

The announcement follows the company’s $9 million Series A extension, secured last year from the Gates Foundation and Helios Digital Ventures. The investment brought its total funding to more than $20 million and is supporting its expansion across Africa.

Dr Emmanuel Okeleji, chief executive officer and co-founder of Seamless Technologies, said the company reached the decision after identifying a bigger challenge affecting businesses and workers across the continent.

“This evolution reflects a much bigger opportunity than HR technology alone. As we looked at the challenges facing businesses and workers across Africa, it became clear that access to finance sits at the centre of economic participation and productivity.”

The company said improving financial access is central to its new direction. According to EFInA’s 2023 Access to Financial Services survey, 32% of Nigerian adults remain financially excluded.

Under its new structure, Seamless Technologies will operate through three main business units. SeamlessHR will remain its workforce management platform, while Breeze will provide embedded financial services, including payroll financing, earned wage access and other employee-focused financial products.

The company is also expanding SeamlessProcure, its procurement platform for enterprise purchasing and vendor management.

Alongside the rebrand, the company introduced BWOP (Blue Collar Operations Platform), a product designed for organisations with frontline and shift workers.

The platform enables employers to manage attendance, work schedules, workforce records, communication and employee self-service digitally.

Supporting the company’s growing product portfolio is Samira, an AI layer built to automate routine tasks, generate business insights and allow employees and organisations to interact across Seamless Technologies’ platforms.

The company said the new corporate identity will make it easier to introduce more products and enter new markets while allowing each business to maintain its own brand position.

Deji Lana, chief technology officer and co-founder, said the company wants to connect workplace management with financial services through a single technology platform.

“The future belongs to platforms that connect people, work, and financial services in a seamless way. Through financial solutions, artificial intelligence, and our growing suite of products, we are building infrastructure that helps businesses operate more efficiently and enables workers to access more opportunities.”

Across Nigerian technology companies, many are restructuring as they expand beyond their original products. Earlier this year, Paystack created The Stack Group (TSG) as a holding company for its businesses, including Paystack, consumer payments app Zap, Paystack Microfinance Bank and TSG Labs.

For Seamless Technologies, the transition also changes its competitive position. While the company previously competed mainly with HR software providers such as PaidHR, WorkPay, SAP and Zoho, its expansion into embedded finance, procurement technology and AI places it in competition with enterprise software providers as well as fintech companies offering workplace financial services.

Founded in 2018, Seamless Technologies now serves more than 1,500 medium and large organisations across Nigeria, Ghana, Uganda and Kenya, with plans to strengthen its presence across Africa.

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The company disclosed the plan on Wednesday as it reported stronger-than-expected core earnings for 2025, trusting Africa’s long-term growth potential despite competition in the region’s media and streaming market.

Canal+ said earnings before interest, tax, depreciation and amortisation (EBITDA) reached 527 million euros ($613 million) in 2025, beating its earlier forecast of 515 million euros.

The combined Canal+ and MultiChoice group generated 8.665 billion euros in revenue during the year and now serves 42.3 million subscribers across operations in Europe, Africa and Asia.

Africa expansion plan

Following its takeover of MultiChoice, Canal+ said it would roll out a 100-million-euro investment programme aimed at strengthening the business in African markets.

The plan includes improving content offerings, simplifying subscription packages and expanding the company’s sales network by recruiting more than 1,000 sales agents across the continent.

The hiring drive comes as MultiChoice’s subscriptions decline. The company’s subscriber base fell from 14.9 million to 14.4 million in 2025, due to economic challenges in key markets and competition from global streaming platforms.

Canal+ CEO Maxime Saada has previously described Africa as a major growth opportunity for the group, saying the company intends to build on MultiChoice’s strong regional presence.

Showmax shutdown and restructuring

Earlier this week, Canal+ confirmed it would discontinue Showmax, the streaming platform previously operated by MultiChoice, after the service struggled to reach profitability.

Launched in 2015, Showmax was created as a pan-African streaming service designed to compete with international platforms such as Netflix, Amazon Prime Video and Disney+.

However, losses from the service increased in recent years, with MultiChoice reporting an 88% jump in trading losses before the takeover.

Alongside the expansion effort, Canal+ said it would introduce a voluntary severance programme for certain support roles at MultiChoice as part of a broader restructuring plan.

For 2026, Canal+ expects moderate organic revenue growth, with adjusted EBIT projected to reach about 565 million euros.

The company also forecast cash flow from operations above 500 million euros and an adjusted EBIT margin exceeding 9%.

While MultiChoice’s revenue may decline slightly this year, Canal+ said profitability is expected to improve, with adjusted EBIT forecast to rise to around 170 million euros.

Canal+ completed its $3 billion acquisition of MultiChoice in September 2025, creating one of the largest pay-TV groups operating across Africa, Europe and Asia.

The company said it will present a detailed integration and growth strategy for the combined business in a strategic update expected in early 2026.

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