Socium raises $5M to become leading HR solution in Francophone Africa

"The solution's adoption across more than 15 African countries speaks to its commitment to meet the needs of local businesses by optimizing HR operations," said Ben Marrel, co-founder and CEO of Breega. "We are thrilled to continue supporting Socium and its outstanding founders, Samba and Serigne, in their mission to become the leading HR solution for medium-sized companies in Francophone Africa."

Socium addresses the critical need for digital HR solutions in Francophone Africa, where over 90% of mid-sized companies lack an HR management system, resulting in increased operational risks.

This funding follows a previous $1.1 million round in August 2022, highlighting the company's rapid growth despite a broader slowdown in African tech funding.

Initially launched with a recruitment module, Socium has expanded its offerings to provide a comprehensive HR management platform, including recruitment, talent administration, performance management, and payroll processing.

Read at Business Matters