The Aussie company has acquired Canadian Rival Humi
Sydney based tech start-up Employment Hero has acquired Humi, a Canadian employment platform, for $112 million.
This deal is the next step for the company’s global expansion, after securing $263 million through the backing of Californian venture capital firm TCV. This led to the tech company securing a valuation of more than $2 billion at the end of 2023, achieving a double-unicorn status. 
Employment Hero currently serves more than two million employees and 300,000 business across Australia, New Zealand, the UK and the Asia-Pacific region.
The acquisition of Humi is the start of a long plan to expand into Canada.
“The Humi team has a deep knowledge of Canadian employment and an impressive track record of supporting businesses. Humi will remain Canadian-operated, and their team will continue to serve the unique needs of local businesses.”
Employment Hero Co-Founder Ben Thompson
Humi was founded by Kevin Kliman and Matt Loszak in 2016, and is used by almost 3,000 Canadian businesses including Tim Hortons and Golf Canada.
Kliman seeing the acquisition as the perfect partner to grow the business in Canada.
“Their (Employment Hero) investment in Humi is a commitment to our customers. The backing will provide us with the resources to accelerate our growth and broaden our impact, but we will continue to operate from our home base in Canada, with a laser focus on serving Canadian small and medium-sized businesses.”
Humi Co-Founder Kevin Kliman
Employment Hero is promising that 2025 will be their best year yet, after recently seeing its revenue grow 50% to $165.4 million.
