Paismo HR, one of the fastest-growing startups digitizing the HR and payroll space, has entered into a strategic partnership with Bank Alfalah, one of Pakistan’s leading banks, to revolutionize HR & payroll management for businesses nationwide.
Bank Alfalah is one of the leading banks in Pakistan, with a network of over 1000 branches across more than 200 cities in Pakistan and an international presence in Afghanistan, Bangladesh, Bahrain, and the UAE.
The signing ceremony, held on Friday, January 17, 2025, marks a significant milestone in enhancing financial and human resource services for the clients of one of Pakistan’s leading banks.
This collaboration, as covered by Pakistan's leading electronic news publication Business Recorder; enables Bank Alfalah to integrate with Paismo’s HR and payroll solutions, offering clients a seamless and efficient platform to manage their HR and payroll processes. By leveraging Paismo's innovative technology, businesses can expect improved accuracy, compliance, and operational efficiency across hiring, attendance, leave management, reimbursements, performance management, and payroll features. It will also enable employees using Paismo to swiftly open bank accounts with Bank Alfalah, thereby enhancing access to the financial offerings of one of the region’s leading banks.
This partnership aims to drive innovation, provide value-added solutions for customers, and empower businesses with seamless HR and payroll services while enhancing financial accessibility for employees. Together, we are simplifying processes and creating opportunities for growth in the digital era.
Paismo HR has been making significant strides in the HR tech industry locally and internationally. In August 2023, the company raised a $1.3 million seed round led by Indus Valley Capital, with participation from Antler and Jedar Capital, bringing its total funding to $1.5 million. This investment has fueled Paismo's expansion and product development, solidifying its position as a modern HR and payroll solution.
Rebecka Zavaleta, Co-Founder and CEO of Paismo HR, commented on the partnership: "Collaborating with Bank Alfalah as a technology partner allows us to extend our next generation HR & Payroll solutions to a broader audience. We are dedicated to transforming HR & Payroll functions and are excited to support Bank Alfalah's clients in easily and quickly streamlining their HR and payroll processes."
Usama Mahmud, Co-Founder of Paismo HR, believes that in addition to helping businesses, this partnership can play a pivotal role in increasing access to financial services for the workforce.
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This partnership underscores a shared vision to empower businesses with tools that enhance operational efficiency and compliance. By combining Bank Alfalah's extensive network with Paismo HR's technological expertise, the collaboration will redefine HR and payroll management standards in the region.
Paismo HR is formalizing more strategic partnerships to revolutionize the HR & payroll space, thereby helping businesses as well as employees.
