HomeKenyaWorkpay Raises $5M in Series A Funding

Workpay Raises $5M in Series A Funding

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Workpay

Workpay, a Nairobi, Kenya-based provider of a cloud-based HR, payroll and benefits platform for organisations with employees across Africa, raised $5M in Series A funding.

The round was led by Norrsken22, with participation from Visa, Y Combinator, Saviu Ventures, Axian, Plug n Play, Verod-Kepple Africa Ventures and Acadian Ventures.

The company intends to use the funds to expand across the continent and build out its financial services provision. 

Co-founded by Paul Kimani and Jackson Kibigo, Workpay offers a comprehensive cloud-based payroll and HR SaaS platform that manages the entire journey of employees and contractors, from onboarding to offboarding. It includes features like payroll processing, time tracking, leave management, expense tracking, performance management, employee benefits administration and employer of record (EOR) services among others. It already has 1000+ businesses across 20+ countries on the African continent on the platform.  

FinSMEs

22/08/2024

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