{"id":26372,"date":"2023-02-26T15:54:52","date_gmt":"2023-02-26T15:54:52","guid":{"rendered":"https:\/\/appsaf.apieproject.com\/news\/?p=26372"},"modified":"2023-02-26T15:54:55","modified_gmt":"2023-02-26T15:54:55","slug":"kenyas-workpay-raises-2-7-million-to-scale-across-africa","status":"publish","type":"post","link":"https:\/\/appsaf.apieproject.com\/news\/2023\/02\/26\/kenyas-workpay-raises-2-7-million-to-scale-across-africa\/","title":{"rendered":"Kenya\u2019s Workpay Raises $2.7 Million To Scale Across Africa"},"content":{"rendered":"

The participants in this funding round included Launch Africa, Saviu Ventures, Acadian Ventures, Proparco, Fondation Botnar, Kara Ventures, Axian, P1 Ventures and Norrsken. In 2020, Workpay raised $2.1 million in a seed funding round led by Kepple Africa Ventures with participation from Y Combinator, Soma Capital, Musha Ventures, P1 Ventures, and other angel investors.<\/p>\n

Launched in 2019 by co-founder and CEO, Paul Kimani and COO, Jackson Kungu, Workpay provides a complete employee management solution tailored towards aligning your time management, payroll and salary payments. It launched its operations in Nigeria in 2021.<\/p>\n

According to Paul Kimani, the startup is set to launch a payroll engine that can serve customers in additional markets in a bid to stay ahead of their customers\u2019 needs. HE also revealed that the company will also release an API to enable, for instance, accounting firms to be payroll providers.<\/p>\n

Apart from providing the basic HR function to its clients, Workpay is adding financial services including linkages to investment accounts, medical and asset insurance and earned-wage access for employees attending to emergencies or bills. It is basically building a marketplace bringing in other players that can serve employers and employees on its platform.<\/p>\n

Kimani claims Workpay has experienced great growth in revenue and clientele, with a spurt noted after the COVID slowdown of 2020.<\/p>\n

\u201cSince 2021 we have been doubling revenue every year, and the number of our customers \u2014 who are nearing 700 as we speak. We also have about $200 million in total payroll value that we are handling for our customers annually,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Kenya\u2019s HR startup, Workpay, announced that it has raised $2.7 million in a pre-Series A funding round to expand its services in 40 countries in Africa.<\/p>\n","protected":false},"author":12963,"featured_media":26369,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,21],"tags":[7,26,22],"class_list":{"0":"post-26372","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"category-technology","9":"tag-apie-project","10":"tag-news","11":"tag-technology"},"yoast_head":"\nKenya\u2019s Workpay Raises $2.7 Million To Scale Across Africa - APIE NEWS<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/appsaf.apieproject.com\/news\/2023\/02\/26\/kenyas-workpay-raises-2-7-million-to-scale-across-africa\/\" \/>\n<meta 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