Worky, a Mexico City, Mexico-based provider of an HR and payroll software solution for companies, raised $6M in Series A funding.
The round was led by Atlántico, a Brazil-based fund, with participation from ADP Ventures.
The company intends to use the funds to accelerate product development, expand sales and marketing efforts, as well as strengthen the team.
Founded in 2018 by Maya Dadoo and Carlos Marina, Worky aims to “modernize how companies recruit, manage and pay their employees,” particularly focusing on the often-overlooked operative workforce sector. Worky is focused on serving Latin America, starting with Mexico, where approximately 60 percent of the 20 million SME employees change jobs annually, significant impacting the country’s labor and economic productivity.
In 2022, Worky released Worky Payroll, Mexico’s first cloud-native payroll solution along with a shift management module. These innovations allow integration of workforce operations and revenue variability processes like commissions and bonuses, enhancing compliance and efficiency through Worky’s real time payroll system.
The company currently serves over 40,000 users in Mexico.
FinSMEs
14/05/2024