Pakistan’s HR tech startup Paismo on Tuesday announced it has raised $1.3 million in a seed round, which was led by Indus Valley Capital and also saw participation from Singapore’s Antler and Jedar Capital, headquartered in New York.

In its statement to Business Recorder, Paismo, which offers its software-as-a-service (SaaS) product on subscriptions, said the round was oversubscribed and funds would be used for hiring resources (expanding the team) and maintaining operational costs.

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