WorkPay, a Kenyan startup that provides cloud-based workforce management system with human resource (HR) and payroll management for small businesses in Africa has announced it has raised US$2.1 million in seed funding round.
The seed fund was led by Kepple Africa with participation from Y Combinator and other investors.
Founded in 2017 as TozzaPlus by Paul Kimani and Jackson Kibigo the team later rebranded the startup as Workpay. According to the company, it helps African SMBs with time and attendance, HR & payroll, payment and loans, and employee self-service features.
WorkPay secured US$50,000 funding from Norwegian accelerator, Pangea Funds in the year 2018, and in 2019, Us$100,000 from Japanese-based VC firm, Kepple Africa.
It was also a participant of the fourth cohort of the Google for Startups Accelerator Africa. In this program, Workpay accessed an additional US$150,000 in funding from the US-based accelerator.
“This new investment will give us the opportunity to scale our human resource management and payroll processing tools to SMBs and expand to enterprise clients across East Africa. We are fortunate to have the backing of some incredible people on our mission to make it easy for businesses to manage and pay employees across Africa,” said Paul Kimani, chief executive officer (CEO) and co-founder of WorkPay.
Ryosuke Yamawaki, general partner of Kepple Africa Ventures also said “They’re different in the way they define their key customers, understand their real pains, and design specific solutions. It is no surprise that they have come this far. They will surely become one of the most successful startups in the continent and drastically change the way the workforce is managed.”