In emerging markets, Paismo, an HR tech startup with a focus on “hire to retire” solutions, is revolutionising the nature of work.
Paismo has now received $1.5 million in funding overall after raising $1.3 million in a seed round that was oversubscribed.
The software-as-a-service (SaaS) offering from Paismo is designed with the motto “made in Pakistan, for the world” to offer solutions globally while having an impact locally. By encouraging employee bank account openings and facilitating easier access to health benefits in Pakistan, Paismo focuses on key initiatives.
Antler and Jedar Capital also contributed, and Indus Valley Capital served as the startup’s lead investor. Paismo is a US/Pakistan-based company. It is the first modern HR tech, payroll, and benefits provider in Pakistan with a focus on expanding internationally, including markets like MENA and SEA.
Indus Valley Capital founder and former VP of Growth & International at LinkedIn, Aatif Awan, says,
At LinkedIn, I had firsthand experience with how software can generate worldwide economic opportunity. With Paismo, we are thrilled about the chance to create an amazing SaaS product that is “Made in Pakistan, for the World” and will help employers and employees in emerging markets solve a significant problem.
Rebecka Zavaleta and Usama Mahmud, co-founders of Paismo and alumni of UPenn, serve as its leaders. With a track record of international product releases with tech behemoths like Google, Tiktok, and Facebook, Rebecka has more than ten years of product leadership experience in California.
The Paismo team is highly knowledgeable about the difficulties businesses encounter when establishing their operations and attracting, developing, and retaining talent. Employers hardly have access to benefits, payroll is painful to deliver, and business performance is subpar.
