Jisr: New investment drives ‘revolutionary change’ in Middle East HR operations

Jisr, a human resource software company, has closed a Series A investment round worth US$30 million (SR112.5mn), led by Merak Capital, marking the largest of its kind for a Software as a Service (SaaS) company in the Middle East.

With the mission of digitizing human resources, Jisr has the primary goal of becoming a modern technical platform that drives revolutionary change within human resource operations – and with Merak’s investment, the business plans to do just that.

How Jisr is advancing modern HR technology systems

With an impressive track record of helping over 3,000 organizations manage their human capital, Jisr is dedicated to helping organizations manage their most valuable assets through digital transformation.

By receiving the investment from Merak, Jisr aims to streamline the HR management systems used by organizations to create its vision of forming one unified platform.

“Supporting Jisr’s mission to help organizations manage their most important asset – their people – this investment will maximize Jisr’s ability to deliver its best-in-class suite of products serving small and mid-size organizations,” says Mohammed Akkari Al-Johi, the Founder and CEO of Jisr.

“This funding enables Jisr to accelerate its investment in product innovation and development. Jisr will be able to expand into new geographies and increasingly serve customers at a larger scale as it continues to gain market share in MENA region.”

What’s more, the investment will help to advance modern HR technology systems, by developing products that enhance every aspect of HR operations, spanning recruitment and management to payroll processing.

“Besides expanding on the offerings by digitizing the whole HR functions, we are building more tools and content to help HR professionals implement the best practices,” Akkari Al-Johi adds.

Jisr will therefore be able to build an advanced HR technology system while making it simpler for organizations to recruit, develop their workforce, ensure wage protection, and beyond.

Combining HR operations into one platform

As a leading investment firm focused on technology opportunities across multiple stages and industries, investor Merak is a big believer in SaaS companies, with a proven track record of driving strong returns and offering compelling cloud-based software.

Merak, therefore, demonstrates a high level of confidence in Jisr’s commitment to advancing modern HR technology, expanding its product offerings, and supporting organizations in optimizing their human capital.

Abdullah Altamami, CEO of Merak Capital, explains that Jisr was awarded the investment due to its dedication to “true” SaaS metrics. He says: “What stood out for Jisr, more specifically, is their focus on driving the business using true SaaS metrics and the exceptional leadership of the founder, Mohammed Akkar, who continues to advance the company forward in maintaining its leadership.

“Therefore, Jisr is our bet on the HR technology sector. When HR is well-managed and digitized, upselling and cross-selling becomes easily attainable. Products across corporate needs are easily integrated and sold to existing and new clients.

“SaaS companies have all the components that make an excellent investment. They are cloud-based, scalable, and adaptable to localization needs across the Middle East, whether in Saudi Arabia or neighboring countries.”

By combining all HR operations into one platform, Jisr’s HR technology system has become a game-changer for the Middle East and North Africa, helping organizations to grow and innovate.

“With the deep expertise and strong vision of the founder Mohammed Akkar Al-Johi and his executive management team, Jisr has established itself as the leader of its market,” Altamami concludes.

“We believe it is in the process of creating a major leap in the digitization of human resources in Saudi Arabia by creating the definitive workforce management platform with expanding robust local integrations.”