Kredily which is an HR technology startup has now raised $75000 in the funding round of seed, led by the Fosun RZ Capital along with the collaboration from Delhivery co-founder Mohit Tandon and former Zenefits VP Engineering Avinash Anand among the others.
The company also has plans to use the new funding to grow its product and technology along with introducing some of the new features around the expense management, performance management and asset management on its platform.
The startup which is founded by the IIT Kanpur and IIM Lucknow Alumni Devendra Khandegar, Kredily helps the businesses automate and digitize core Payroll and HR related work. It also provides the employees access to a gamut of financial products like the loans, insurance, mutual funds and other employees benefit option with its Kredily bazaar offering.
“With less than 10% of SMEs equipped with any HR and Payroll software, we see huge growth potential. We plan to offer this HR solution as a lifetime free software to all small business in the country. We are seeing excellent traction and aim to onboard over 100,000 companies by 2020” said Khandegar.