Feb 04 2022
“2022 is off to a roaring start, and proving to be a tiger-ffic year already with $2.09 B pumped into HR Tech deals in the first month alone. The Chinese Year of the Tiger could just be another bumper year for the HR Tech space.
2022 is off to a roaring start, and proving to be a tiger-ffic year already with $2.09 B pumped into HR Tech deals in the first month alone. The Chinese Year of the Tiger could just be another bumper year for the HR Tech space.
Key Highlights of Jan 2022:
Notable deals of Jan 2022
In a notable deal in this category, India-based Earned Aage Access(EWA) start-up Refyne, which offers a platform to help employees draw their salaries on demand, raised $82 million in new funding led by New York-based investment firm Tiger Global. EWA, also known as on-demand pay, enables employees to access a portion of their accumulated wages, ahead of their payday, with the balance being paid on the regular salary day. With this round, the company valuation has jumped 6.5X from its $16 M Series A funding in July last year.
2021 was an extraordinary year for HRTech. Will 2022 be another bumper year? We will be tracking the market closely on how the year unfolds. For top deals and more insights on 2021 HRTech investments, read the blog here.
Fig. 1.1 - Category wise funding
Swechha Mohapatra (IHRP-CP, Associate CIPD) is Head of Consulting & Delivery at hrtech.sg and more than 9 years of global experience in various Talent functions. She is a passionate HRTech evangelist, a member of IHRP HRTech CoP Taskforce, and an avid learner who is certified Six Sigma-Green Belt with a background of MBA (Specialization in HR and IT) and Master’s in Labor Laws and Labor Welfare.
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