Global employment solutions provider Employment Hero has acquired Humi, a leading Canadian employment platform, in a deal valued at over CAD 100 million (US$ 69.6 million).
The acquisition represents a significant milestone in Employment Hero’s global expansion strategy, strengthening its presence in the Canadian market.
By combining Employment Hero’s innovative Employment Operating System (eOS) with Humi’s in-depth knowledge of the Canadian market, the partnership aims to deliver a tailored and localized solution for businesses across Canada.
Thousands of small and medium-sized enterprises (SMEs) using Humi will now access a comprehensive platform that integrates payroll, HR, and benefits tailored specifically for the Canadian market. The partnership aims to double its customer base shortly, reinforcing its position as Canada’s leading provider of employment management solutions.
With over one million SMEs, Canada presents a significant opportunity to enhance productivity for employers and employees. This collaboration will drive further product innovation as Humi expands to meet the changing needs of Canadian businesses.
For nearly a decade, Humi has prioritized valuing, supporting, and inspiring employees by creating employment solutions driven by the belief that businesses succeed when they put their people first.
Ben Thompson, CEO and co-founder of Employment Hero, said: “The Humi team has a deep knowledge of Canadian employment and an impressive track record of supporting businesses in Canada. Humi will remain Canadian-operated, and their team will continue to serve the unique needs of local businesses.”
Employment Hero’s Employment Operating System (eOS) combines HR, payroll, recruitment, and employee engagement tools in a single platform. The platform supports over 300,000 businesses and manages over 2 million employees globally, easing administrative workloads and enabling companies to focus on growth and foster employee engagement.
In October 2023, Employment Hero raised SGD 229 million (approximately US$167 million) in a Series F funding round to fuel its global expansion efforts. The round was led by TCV, a global growth investment firm, with additional support from existing investors Insight Partners, AirTree, Seek, and OneVentures.
