Deal Street

African Startup Funding Tracker

$603,379,000+

*Data updated daily at 18:00 EAT

Kenyan HR Startup WorkPay Raises USD 2.7 M Seed Funding
Kenyan HR Startup WorkPay Raises USD 2.7 M Seed Funding

African HR & Payroll solution provider Workpay has recently raised USD 2.7 M in seed funding to expand its operations. The funding round included investors such as Launch Africa, Saviu Ventures, Acadian Ventures, Proparco, Fondation Botnar, Kara Ventures, Axian, P1 Ventures, and Norrsken. The startup is set to launch a payroll engine that can serve customers in additional markets and release an API to enable accounting firms to be payroll providers.

Workpay is a Payroll, benefits, and compliance software company with embedded finance for local and remote teams in Africa. The startup empowers teams to hire local and remote teams across Africa while staying compliant and without the hustle of having local entities. The payroll consists of all statutory deductions (NHIF, NSSF, NITA, PAYE) allowance (benefits) deductions, employee loans, salary advances, paid leaves, etc, for statutory compliance. Employees can access their payslips through the the Android/iOS app’s employee service (ESS) portal.