Kenyan HR startup, WorkPay, has raised $2.1 million seed funding led by Kepple Africa Ventures with participation from Y Combinator, Soma Capital, Musha Ventures, P1 Ventures, and other angel investors.
The company said that the seed funding will be used to scale its software tools and expand its clientele network across East Africa
WorkPay, formerly known as TozzaPlus, is a cloud based solution that attends to HR management, payroll processing and secure salary disbursement. It was founded in 2017 by founded by Paul Kimani and Jackson Kibigo.
WorkPay was one of the startups that received $50,000 from Pangea, a Norwegian accelerator, in 2018. Last September, it was one of the twelve startups selected for the fourth cohort of its Launchpad Africa accelerator that held in Lagos, Nigeria
According to Paul Kimani, chief executive officer (CEO) and co-founder of WorkPay, “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.”
Ryosuke Yamawaki, general partner of Kepple Africa Ventures, said about the WorkPay team, “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.”
WorkPay currently has more than 300 small and medium scale businesses as clients and processes payrolls for more than 25,000 employees in Kenya.
