Kenya's WorkPay raises $2.1m in funding led by Kepple Africa Ventures
WorkPay, a company that builds HR and payroll solutions for Africa, announced that it has raised $2.1 million, led by Kepple Africa Ventures. This comes after the company participated in the Y Combinator Winter 2020 programme. Other funds that participated in the seed round include Y Combinator, Soma Capital, Musha Ventures, P1 Ventures, and a number of angel investors.
“This new investment will give us the opportunity to scale our human resource management and payroll processing tools to small and medium-sized businesses 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, CEO and co-founder of WorkPay.
Commenting on the raise, Ryosuke (Rio) Yamawaki, the general partner of Kepple Africa Ventures said, “The moment we first met with the WorkPay team during our one-on-one pitch day in Sep 2018, they were clearly different from anyone else we’d met in Nairobi. 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.”
M. Mikael Hajjar, general partner at P1 Ventures added, “Paul has built a strong team that has scaled a high-velocity embedded fintech product that its customers love. We are excited to support its growth into the enterprise segment and pan-African geographical expansion.”
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