Balogun Harold Advises PaidHR on $1.8 Million Seed Funding Round
This venture capital investment marks an important milestone in PaidHR’s growth journey and supports its mission to expand its HRIS offering across Africa.

“A convergence of new mandates under the Nigeria Tax Act (NTA) 2025, the Companies and Allied Matters Act (CAMA) 2020, and the Investments and Securities Act (ISA) 2025 has fundamentally redefined the operating environment for private equity and venture capital funds with a Nigerian focus. This report highlights the key regulatory pivot points and possible structural considerations for tax efficiency and regulatory compliance.”

“We provide a comprehensive overview of the legal framework, regulatory landscape, and practical market entry considerations for AI companies deploying and scaling solutions in Nigeria.”
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This venture capital investment marks an important milestone in PaidHR’s growth journey and supports its mission to expand its HRIS offering across Africa.
The program will explore contemporary issues in employment law, including workplace ethics, labour law compliance, risk management, and dispute resolution, with particular focus on the interpretation and application of the Department of Petroleum Resources (DPR) Guidelines for the Release of Staff in the Nigerian Oil and Gas Industry, as highlighted in recent decisions of the National Industrial Court.
Balogun Harold acted as legal advisers to consultants on the structuring of a Naira-denominated venture capital fund aimed at fostering the growth of Nigeria’s startup ecosystem.
Olu will share his insights on regulatory frameworks, investment strategies, and legal considerations, offering guidance for startups and investors navigating the evolving fintech landscape.
Balogun Harold provided end-to-end legal advisory on the transaction structure, due diligence, and investment documentation, ensuring a seamless fundraising process in line with Nigerian and international venture capital standards.
Balogun Harold provided comprehensive legal support throughout the transaction, including partnership structuring, documentation, and regulatory compliance, ensuring a smooth and compliant execution in line with Nigerian and international standards.
Expert legal counsel for Nigeria's growing venture capital, M&A, and financial services markets.
Comprehensive legal support for venture capital funds, startup investments, and fundraising in Nigeria's dynamic tech ecosystem.
Thorough legal due diligence for M&A transactions, investments, and regulatory compliance across African markets.
Expert M&A counsel for Nigerian transactions, including competition law compliance and regulatory approvals.
Comprehensive privacy and data protection audits to ensure compliance with Nigerian data protection regulations and international standards.
Expert legal guidance on merger notifications, competition reviews, and anti-trust compliance for Nigerian businesses and transactions.
Comprehensive legal support for international businesses entering the Nigerian market, including regulatory compliance and business structuring.