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Humi

Humi

Cloud-based HR solutions for SMBs

About

Humi offers a cloud-based platform that provides Human Resources (HR) solutions for small to medium-sized businesses (SMBs). Its tools include payroll management, time-off tracking, performance reviews, and recruitment, all designed to streamline HR processes. Humi operates on a subscription model, allowing businesses to access its services online with different pricing tiers based on their needs. The company aims to help SMBs manage their HR functions effectively, ensuring high reliability and efficiency in their operations.

Company Stage

Series B

Employees

51-200

Industries

Consulting, Enterprise Software

Total Funding

$41.5M

Headquarters

N/A

Founded

2016


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Simplify's Take

What believers are saying

  • Humi's recent partnerships with Golf Canada and DMZ highlight its growing influence and potential for expanding its customer base.
  • The launch of new features like Time Tracking and Benefits Plus demonstrates Humi's commitment to continuous innovation and improving user experience.
  • Securing $31M CAD in Series B funding provides Humi with the financial resources to further enhance its platform and scale its operations.

What critics are saying

  • The competitive HR technology market requires Humi to continuously innovate to maintain its edge over larger, more established players.
  • Integrating acquisitions like Ameego could present challenges in terms of technology and culture, potentially slowing down innovation.

What makes Humi unique

  • Humi's focus on SMBs in Canada allows it to tailor its HR solutions specifically to the needs of this market, unlike larger competitors who may offer more generic solutions.
  • The company's subscription-based model with flexible pricing tiers makes it accessible to a wide range of businesses, providing a competitive edge over one-size-fits-all pricing models.
  • Humi's high reliability and uptime percentages for critical services like payroll and time-off management set it apart in a market where downtime can be costly.

Growth & Insights
Headcount

6 month growth

4%

1 year growth

4%

2 year growth

23%

Benefits

Flexible hours

Equity

Health benefits

Health & wellness

Remote friendly

Longer weekends

Office life & activities

Time off

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