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XL Africa Entrepreneurs
TalentBase is an HR software platform for SMEs in Nigeria. They offer six modules, but have created flexibility in software whereby the company can choose which module they need, based on the stage of their company. For N20,000 a year, a team of 10 employees can be up and running with their payroll and staff records software. TalentBase is on track to have a total of 20,000 employees on their platform. The software platform is currently used by 150 businesses and their 15,000 employees.
TalentBase was part of 500 Startups from Silicon Valley receiving $150,000, which takes their total amount raised so far to $330,000. The first seed investment was from a group of angels including Venture Garden Group. TalentBase has a total team of twelve employees with two recently hired to expand their sales team and onboard a mobile developer. The Company has secured four partnerships with regional banks in Nigeria to scale their payroll application to their SME clients. These four bank partnerships will give the Company access to over 2 million SMEs in Nigeria alone. TalenBase is looking to raise their next round to help successfully execute their new partnerships.