Paismo recently made headlines by participating in the prestigious LEAP conference in Saudi Arabia. Competing against over 2,000 startups from around the globe, Paismo HR was selected to be one of the top 120 to compete and ultimately placing among the top 12 finalists. Our HR and payroll platform are designed to automate and streamline human resource management and payroll processes for businesses. The competition at LEAP was fierce, involving many talented startups, but Paismo’s unique approach and robust technology set it apart, enabling the company to reach the final round of the Rocket Fuel Finale.
LEAP, launched in 2022, has become a major brand in international technology and innovation. This year, over 200,000 attendees and 1,500 exhibitors are expected to attend the event at the Riyadh International Exhibition and Convention Centre in Malham, with over 1,000 expert speakers discussing the future of tech across 15 stages.
During the event, we presented our comprehensive offerings, which include real-time payroll management, time and attendance management, and a performance suite including goal management and tracking. These features enhance operational efficiency and empower organizations to make informed, real-time decisions about their workforce. Our platform has gained recognition for its user-friendly interface, fast onboarding, and adaptability compared to industry standards.
Reaching the finale of the Rocket Fuel competition is a testament to our innovative spirit and vision for the future of work. The experience at LEAP solidified our position as a key player in the HR tech landscape and opened doors to potential collaborations and expansion opportunities in the region.
Rebecka Zavaleta, co-founder and CEO of Paismo, highlighted the importance of participating in events like LEAP. It provided invaluable exposure and networking opportunities with industry leaders, technology partners, customers, and potential investors. The team's hard work and dedication were evident as they demonstrated their commitment to revolutionizing HR practices, particularly in emerging markets such as Pakistan and the broader Middle East and African region.
Paismo 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.
As we continue to grow, this participation at LEAP marks a significant milestone on our journey to transform payroll and HR management for businesses worldwide. More to come!