YC-backed HR-payroll provider Workpay raises $2.7M to scale in Africa
The Kenyan HR payroll startup will soon roll out its services in 40 countries in Africa, nearly double its current reach, following $2.7 million pre-Series A funding raised from Launch Africa, Saviu Ventures, Acadian Ventures, Proparco, Fondation Botnar, Kara Ventures, and Axian, P1 Ventures, and Norrsken.
Launched in 2019, Workpay offers tools that enable its clients to pay salaries in local currencies across Africa (and outside the continent through the startup's partners), file taxes, and process employee benefits.
An employee-side app enables workers to receive and view their pay slips, make expense requests, and apply for leave days.
Workpay is also adding financial services on top of its HR and payroll platform including linkages to investment accounts, medical and asset insurance, and earned-wage access for employees attending to emergencies or bills.
Kimani says WorkPay has experienced great growth in revenue and clientele, with a spurt noted after the Covid slowdown of 2020."Since 2021 we have been doubling revenue every year, and the number of our customers — who are nearing 700 as we speak.
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