Humi

Humi

Cloud-based HR solutions for SMBs

About Humi

Simplify's Rating
Why Humi is rated
C
Rated D+ on Competitive Edge
Rated B on Growth Potential
Rated C on Rating Differentiation

Industries

Consulting

Enterprise Software

Company Size

51-200

Company Stage

Acquired

Total Funding

$40.6M

Headquarters

Toronto, Canada

Founded

2016

Overview

Humi offers a cloud-based platform that provides various Human Resources (HR) solutions for small to medium-sized businesses (SMBs). Its tools include payroll management, time-off tracking, performance reviews, and recruitment, all aimed at simplifying HR processes. Humi stands out from competitors with its reliable service and subscription-based model, which allows for consistent revenue and ongoing improvements. The company's goal is to enhance HR management efficiency for SMBs, supporting their digital transformation.

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Funded Recently
YC Company
Simplify Jobs

Simplify's Take

What believers are saying

  • Humi's acquisition by Employment Hero can enhance product development and market reach.
  • The partnership with DMZ offers insights and innovation opportunities from startups.
  • Humi's Innovation Partner Program fosters collaborations for product innovation and engagement.

What critics are saying

  • Employment Hero's acquisition may lead to strategic shifts alienating existing customers.
  • Integration with Employment Hero's platform might face technical challenges affecting reliability.
  • Humi's expansion through acquisitions could lead to integration issues affecting service quality.

What makes Humi unique

  • Humi offers a comprehensive cloud-based HR platform tailored for Canadian SMBs.
  • The platform integrates payroll, time-off tracking, and performance reviews seamlessly.
  • Humi's subscription model provides flexible pricing tiers for diverse business needs.

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Funding

Total Funding

$40.6M

Below

Industry Average

Funded Over

5 Rounds

Notable Investors:
Acquisition funding comparison data is currently unavailable. We're working to provide this information soon!
Acquisition Funding Comparison
Coming Soon

Benefits

Flexible hours

Equity

Health benefits

Health & wellness

Remote friendly

Longer weekends

Office life & activities

Time off

Growth & Insights and Company News

Headcount

6 month growth

↑ 1%

1 year growth

↑ 0%

2 year growth

↓ -1%
e27
Jan 9th, 2025
Employment Hero expands to Canada with US$69.6M acquisition of Humi

Thousands of Humi's SME customers will gain access to Employment Hero's all-in-one platform for payroll, HR, and benefits

BetaKit
Jan 8th, 2025
Humi acquired by Australian HR software company Employment Hero

Toronto-based Humi has been acquired by fellow HR software company Employment Hero, as the embattled Australian company looks to gain a foothold in Canada.

Community Wire
Oct 3rd, 2024
Humi Launches Innovation Partner Program to Support the Growth of Canadian Businesses

Humi launches Innovation Partner Program to support the growth of Canadian businesses.

Golf Canada
Apr 5th, 2024
Humi becomes official partner of Golf Canada

Golf Canada and Humi announced a multi-year integrated partnership that will see Humi become the official payroll, human resources, and benefits partner of Golf Canada.

Business Wire
Jan 17th, 2024
Humi Joins Dmz As Services Partner Offering Startups Exclusive Incentives To The Best-In-One Payroll, Hr, And Benefits Platform

TORONTO--(BUSINESS WIRE)--Humi, the leading best-in-one people solution for Canadian businesses, is proud to announce an exclusive services partnership with DMZ, a world-leading startup incubator based at Toronto Metropolitan University that equips the next generation of tech entrepreneurs with the tools needed to build, launch and scale highly impactful startups. With Humi’s proven track record serving thousands of Canadian companies, this collaboration will build a strong foundation for innovation in the Canadian startup ecosystem while prioritizing support for Black-owned and women-owned startups in the DMZ community. In their mission to help businesses employ 1 million Canadians, Humi is excited to extend their support to accelerators and their community of entrepreneurs. To best support DMZ’s community in streamlining their people operations, Humi is offering incentives for DMZ startups to access its best-in-one payroll, HR, and benefits solution, including allowing companies to manage their SRED tax credit applications seamlessly. Humi will take care of technical reports, review claims and eligibility, and ensure all possibilities are explored to maximize a claim

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