Saudi-Based HR Platform Jisr Closes $30 Million Series A Round
The round is considered the largest Series A investment for a Software as a Service company in the Middle East.
Jisr, the largest human resources platform based in Saudi Arabia, has closed a $30 million Series A round from Merak Capital, an investment firm that focuses on technological opportunities. The round is considered the largest Series A investment for a Software as a Service company in the Middle East.
"Through Merak's investment in Jisr, our goal is to advance the modern HR technology system. We aim to achieve this by developing products that enhance every aspect of HR operations, from recruitment and management to payroll processing, all seamlessly integrated with various platforms," Mohammed Akkari Al-Johi, Founder and CEO of Jisr, tells StartupScene. "This partnership with Merak will enable us to build this advanced HR technology system. Our main goal is to make it simpler for organisations to recruit, develop their workforce, ensure wage protection, and beyond.”
Founded in 2016 by Mohammed Akkar Al-Johi, Jisr is the first major Saudi human resources management platform, providing over 3,000 clients with HR tech solutions to help manage 350,000 registered employees across 16 sectors, managing payroll transactions over SAR10 billion across various industries, including governmental, semi-governmental and private industries. Operating from its offices in Riyadh and Hadramaut, Jisr's system helps organisations grow by giving them access to the necessary tools for human resource management on a single platform.
