Socium Scales HR Solutions with $5M Funding in Francophone Africa

Socium Founders (L-R): Samba Lo and Serigne Seye

Senegal-based HR-tech startup Socium has secured $5 million in seed funding to expand across Francophone Africa. The round was led by Breega, with support from Partech, Orange Ventures, and several other investors. Raisers Partners served as the financial advisor for the round.

The funding will be used to enhance Socium's HR solutions, which cater to businesses in Francophone Africa's 21 countries. Offering tools to streamline payroll, automate recruitment, and manage performance, Socium aims to solve regional challenges like complex payroll and tax compliance. Its scalable technology enables rapid expansion, onboarding new countries within just two weeks—outperforming global competitors.

Investors were attracted to Socium’s innovative solutions tailored to Francophone Africa’s unique needs. With minimal local competition and increasing digitization, the HR-tech market in the region offers significant growth potential. Socium’s AI-driven tools, including a payroll automation engine and CV matching capabilities, have positioned it as a strong local alternative to global players.

Founded in 2021 by Samba Lo and Serigne Seye, Socium evolved from a recruitment platform into a full-service HR-tech provider in response to client demand. By 2023, the company served over 100 active clients across 15 countries, demonstrating a proven track record and a strong trajectory for growth. The leadership team’s expertise further solidified investor confidence in its ability to scale and execute.

Source: Launch Base Africa