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Kenya: Workpay Secures $2.1 Million In Seed Funding

Fintech

Startups

Aug. 13, 2020, 12:44 p.m.

WorkPay, a payroll processing company for small and medium-sized businesses(SMBs) in Africa, has raised $2.1 million investment to accelerate the growth of its business.

The funding round was led by Kepple Africa Ventures in collaboration with Y Combinator, Musha Ventures and other angel investors

“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,” stated Paul Kimani, Chief Executive Officer(CEO) of WorkPay.

Paul Kimani founded the startup in 2017 as TozzaPlus before rebranding in 2019.

With its cloud-based system, WorkPay helps SMBs automate their payroll using salary disbursement tools, human resource management and a time tracking system to help African businesses eliminate inefficiencies.

WorkPay currently processes payrolls for over 25,000 employees in Kenya and has more than 300 SMBs on its platform.

Speaking on the investment, Ryosuke Yamawaki, General Partner of Kepple Africa Ventures attributed the success of the startup to its understanding of the demands of key customers and designing solutions to satisfy those demands.

“They will surely become one of the most successful startups in the continent and drastically change the way the workforce is managed,” he added.

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Dorcas

Dorcas Benewaa Author

Dorcas is an upcoming journalist. She loves the creative arts and loves to write about startups, digital arts and issues in the tech sector.

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