Paismo, a Lahore-based HR Tech startup, has raised $1.3 million in seed funding from Indus Valley Capital, Antler, and Jedar Capital.
Make me care: HR Tech is a $32 billion global industry, but emerging markets lag in modern HR practices. Streamlining HR processes is essential for work culture, productivity, and employee motivation.
Through initiatives such as increasing employee bank account openings and facilitating access to health insurance in Pakistan, Paismo aims to fill this gap.
Tell me more: Paismo’s software-as-a-service offering offers international solutions with local impact. A user-centric, customizable solution that integrates with strategic partners to foster benefit access.
With a vision of “made in Pakistan, for the world,” Paismo is set to go global, targeting markets like MENA and SEA.
You should know: Paismo was founded by UPenn Alumni Rebecka Zavaleta and Usama Mahmud in 2022.
Rebecka has a rich background in global product releases with tech giants like Google, TikTok, and Facebook. Usama, a native Lahori, brings extensive expertise in public sector reform programs and a deep understanding of emerging markets.
To date, Paismo has raised $1.5 million in funding.
What’s next: The Paismo solution is already available to select Pakistani businesses.
Partnerships with Adamjee Insurance and MCB Islamic Bank are in place, with more collaborations in the pipeline.
Zoom out: Paismo’s innovative approach and strategic investments align perfectly with the changing demands of modern workers.
With global ambitions, Paismo is poised to redefine the future of work in emerging markets as Pakistan’s first modern HR tech, payroll, and benefits provider.