HR management company Qandle has reportedly closed a $1.2m pre-Series A funding round led by Redwood Internet Ventures.
Former Rocket Internet venture partner Arum Chandra Mohan also participated in the funding round, according to a report by TechCircle which cites a top Qandle executive.
Qandle is a HR management platform that helps companies with processes including asset management, reports and analytics, employee compensation, onboarding, e-signatures, and expenses. For onboarding, the company’s solution enables users to facilitate paperless and fast boarding of new hires.
The platform offers bank-grade security and is easy to setup within HR, talent management, payroll and business expense teams. Its AWS infrastructure maintains the ‘highest standards of security’ and puts strong safeguards in place to help protect customer privacy and data, with all data stored in highly secure, PCI DSS compliant data centers according to its website.
Through the platform, clients can help keep track of expenses, using e-receipts and easy reconciliation tools. For travel expenses, the platform is able manage individual and group requests, cater for multiple currencies, advance payments, reimbursements and offer analytics to optimise travel expenditure.
Capital from the round will be used to further invest in to the company’s product and support market expansion, it said.
Qandle has earned ISO/IEC 27001:2013 certificate for all its products and services. ISO 27001:2013 is one of the most widely recognized independent international security standards for data and information security. This certificate is awarded to organizations that comply with ISO’s global standards.
Fellow expense reporting and invoice management company Chrome River, closed a $35m funding round from a group of investors including Bain Capital and Argentum Group.
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