Swingvy, an all-in-one HR, payroll and benefits platform for small and medium-sized businesses, today announced it has raised RM30 million ($7million) in a Series A funding round.

Samsung Venture Investment Corporation led the round with participation from Aviva Ventures and Bass Investment. Existing investors Walden International and Big Basin Capital also participated in this round, which brings the total funding to RM36 million ($8.6million).

The new round of funding allows Swingvy to accelerate growth and expansion into APAC region starting with Taiwan, as well as growing the team for on-going product innovation and Development.

“While HR tech is a fast-growing sector in the US, it has not been highlighted in the APAC region especially for small companies.

“They often struggled with manual HR processes or using complex and expensive software,” said Swingvy chief executive officer and co-founder, Jin Choeh.

Swingvy’s vision is to be an OS(Operating System) of companies and they are reimagining the idea of HR platform from scratch, and will build a new type of organization management platform to create a workplace where work empowers people.

“We’ll face a paradigm shift in the way people work, and the platform should evolve before the shift arrives.

“We are thrilled to welcome long-term investors who support our goal and direction,” he added.

Swingvy plans to drive significant additions to its all-in-one HR, payroll and benefits platform including new major features as well as to roll out its payroll to partner dashboard for accountants and payroll agents this year.

Launched in late 2016, Swingvy has acquired over 5,000 companies and has grown 390% year-over-year in revenue last year.

In 2018, Swingvy launched Employee Benefits, which offers and recommends a group insurance plan for companies through an instant quotation and by automating the entire manual process into a seamless enrolment journey.

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