Jisr, the largest platform for digitising human resources operations in Saudi Arabia, has closed an investment round worth $30 million by Merak Capital. This marks the largest Series A investment round for a Software as a Service (SaaS) company in the Middle East.
This investment underscores the investors’ high level of confidence in Jisr’s growth and its commitment to advancing modern HR technology, expanding its product offerings, and supporting organisations in optimising their human capital.
Jisr, founded in 2016, stands as the first Saudi human resources management platform, supporting over 3,000 clients with 350,000 registered employees. Jisr caters to 16 sectors and operates from its offices in Riyadh and Hadhramaut.
Jisr’s HR technology system is a game-changer in the Middle East and North Africa. It combines all HR operations into one platform, helping organisations grow and innovate by providing the necessary tools to make the most of HR technology.
Abdullah Altamami, the Partner and CEO of Merak Capital, shared his thoughts on this investment round, saying, “We at Merak Capital are delighted to invest SAR112 million ($30 million) in Jisr, which is one of the largest SaaS companies that has truly evolved within the Kingdom of Saudi Arabia. Today, Jisr serves over 3,000 clients and manages payroll transactions exceeding SAR10 billion across various industries, including government, semi-government, or private sectors.”
He continued, “With the deep expertise and strong vision of the founder Mohamed Akkar Al-Johi and his executive management team, Jisr has established itself as the leader of its market, and we believe it is in the process of creating a major leap in the digitisation of human resources in Saudi Arabia by creating the definitive workforce management platform with expanding robust local integrations.”
Mohammed Akkari Al-Johi, Founder and CEO of Jisr, stated, “At Jisr, we are dedicated to helping organisations manage their most valuable assets through digital transformation. With a track record of supporting over 3,000 organisations in managing their human capital. Today, many organisations use multiple platforms for HR management. Our vision from the start has been to bring all these systems together into one unified platform.”
He continued, “Through Merak’s investment in Jisr, our goal is to advance the modern HR technology system. We aim to achieve this by developing products that enhance every aspect of HR operations, from recruitment and management to payroll processing, all seamlessly integrated with various platforms. This partnership with Merak will enable us to build this advanced HR technology system. Our main goal is to make it simpler for organisations to recruit, develop their workforce, ensure wage protection, and beyond.”
Jisr has positioned itself in a rapidly changing world as a trusted partner for leading companies in the Kingdom aspiring to digitise human resources. They aim to evolve the concept from merely a workforce management system to a modern technical platform that seeks to bring about a revolutionary change in human resources operations.
