SINGAPORE (28 March, 2018)
Today, HReasily, a Singapore-based company providing a SaaS platform delivering Human Resource Solutions across Asia, announced that it has raised an undisclosed 7-figure seed round. This round was led by Mazars (a global audit, accounting and consulting group) and Zino Ventures. Other participants include Newstead Technologies and Nest Corp Indonesia.
The funding will be used to accelerate HReasily’s ambitious growth plan in Asia, which includes scaling operations, expanding and innovating its product and offering.
Founded in late 2015, HReasily is a cloud-based HR solutions company that provides working solutions to optimise HR work processes such as payroll, staff, leave, claims and time management. HReasily has localised solutions and a presence in 7 countries in Asia so far, with a global offering as well.
HReasily has already secured regional partnerships with the likes of United Overseas Bank (UOB) and Visa and have launched many ‘firsts’ in the region. Most recently, HReasily has worked together with Visa and Stripe to launch the ability to pay salaries via credit cards.
“We are seeing the adoption of technology and the automation of processes becoming one of the top priorities for businesses in Asia. We are here to answer that demand.” – Sharon Lee, Co-Founder, HReasily.
“HReasily’s cutting-edge technology, geographic footprint and partner ecosystem are highly complementary to the payroll and HR expertise we have across the region. This exciting collaboration reinforces our commitment to provide our international clients with best-in-class, cloud-based solutions.” – Jonathan Fryer, Partner, Mazars.
“It is exciting to see an innovative Asia-specific HR solution, HReasily, right in the heart of the fastest SaaS growing region across Asia Pacific with a massive market potential of over 65 million SMEs.” – Nelson Wang, General Partner, Zino Ventures.
“At UOB, we recognise what it takes for small businesses to succeed and believe that they can benefit from the use of SaaS in their digitalisation efforts. According to our recent ASEAN SME Transformation Study, three in five of ASEAN’s small businesses are investing more in technology to overcome their business challenges and to deepen their capabilities. Our collaboration with HReasily enables us to offer our customers access to a cost-effective, cloud-based solution for their human resource needs.” – Lawrence Loh, Managing Director and Head of Group Business Banking, UOB.
“Payroll is a key process for any business, and one that needs to be seamless and reliable. Visa is pleased to partner with HReasily on an innovative payment solution for managing payroll expenses. The solution will save businesses time and deliver working capital benefits.” -Vikram Kshettry, Head of B2B Partnerships, Asia Pacific, Visa.
HReasily is a cloud-based all-in-one HR solution that enables business owners to automate workflow processes and increase productivity.
Founded in Singapore in late 2015, HReasily’s team has grown to be one the leading HR solutions provider in Asia. For more information on HReasily’s product and company, visit www.hreasily.com
Mazars is an international, integrated and independent organisation, specialising in audit, accountancy, tax, legal and advisory services. Operating in 86 countries, the firm draws on the expertise of over 20,000 professionals to assist owner-managed businesses, international corporate organisations and blue chip companies at every stage in their development. www.mazars.com
About Zino Ventures:
Zino Ventures is a New Zealand based venture capital firm that invests in world class entrepreneurs and companies making positive impact on the world.
About Newstead Technologies:
Newstead Technologies is a privately-held, award-winning IT technology group with a presence across various markets in Asia. Their core business includes Enterprise IT Solutions, EdTech (Educational Technology), Software Development and Integration, Distribution Services, and Retail.
About Nest Corp:
Nest Corp is an Indonesian based Investment firm that invests in start-ups across the region focusing on great people and great ideas to grow together.