# Workpay Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/workpay-technologies

- Industry: Software
- Headquarters: Nairobi, Kenya
- Website: www.myworkpay.com
- Total disclosed funding: $7.3M
- Latest round: Series A (Aug 22, 2024)
- Investors on record: 12

## About

Based in Nairobi, Kenya, and founded in 2017, Workpay Technologies, Inc. operates as a provider of HR, payroll, and benefits platforms. In August 2024, the firm raised USD 5 million in Series A led by investor Norrsken22, with participation from returning investors Y Combinator, Saviu Ventures, Axian, Verod-Kepple Africa Ventures, and Acadian Ventures. Other investors Visa and Plug and Play Ventures also participated in the round. The company was co-founded by Jackson Kibigo, and Paul Kimani ???? (CEO).

The company offers real-time payment disbursement solutions as well as HR, payroll, and benefits platform. Workpay's platform enables businesses to legally hire employees across various African countries, manage payroll in multiple currencies, and ensure tax compliance. Key features include time and attendance tracking, employee benefits management, expense claims, financial services, employer of record (EOR) services, etc.

Workpay generates revenue through its subscription-based model, offering tiered pricing based on the number of employees and services utilized. For businesses, it offers plans like Launch, Grow, and Outsource.

The company plans to use the August 2024 funding to broaden its market reach and enhance its financial services.

## Funding rounds

- Series A, Aug 22, 2024, $5M — Visa, Y Combinator, Plug and Play, Saviu Ventures, Acadian Ventures, AXIAN Investment, Norrsken22, Verod-Kepple Africa Ventures
- Seed, Aug 13, 2020, $2.1M — Y Combinator, Soma Capital Management, Kepple Africa Ventures, Musha Ventures, P1 Ventures
- Seed, Mar 1, 2020, $0.1M — Y Combinator

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed, Series A
- Soma Capital Management (https://capitalatlas.ai/funds/soma-capital-management) — Seed
- Kepple Africa Ventures (https://capitalatlas.ai/funds/kepple-africa-ventures) — Seed
- Musha Ventures (https://capitalatlas.ai/funds/musha-ventures) — Seed
- P1 Ventures (https://capitalatlas.ai/funds/p1-ventures) — Seed
- Visa — Series A
- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Series A
- Saviu Ventures (https://capitalatlas.ai/funds/saviu-ventures) — Series A
- Acadian Ventures (https://capitalatlas.ai/funds/acadian-ventures) — Series A
- AXIAN Investment (https://capitalatlas.ai/funds/axian-investment) — Series A
- Norrsken22 (https://capitalatlas.ai/funds/norrsken22) — Series A
- Verod-Kepple Africa Ventures (https://capitalatlas.ai/funds/verod-kepple-africa-ventures) — Series A