WorkPay
OperatingWorkPay is an end to end HR and payroll system offering time tracking, payroll management, and payouts to all banks in Kenya plus M-Pesa.
- HR Management
- Thika, Kenya
- Non-equity Assistance
- Founded 2017
- myworkpay.com ↗
- Total raised
- $10M
- disclosed
- Last round
- Non-equity Assistance
- Rounds
- 8
- since 2017
- Investors
- 19
- on record
- Employees
- 11-50
WorkPay funding and investors
WorkPay has raised $10M across 8 disclosed rounds. The latest is a Non-equity Assistance announced 08 Nov 2024, led by Visa Africa Fintech Accelerator.
- Lead investors
- 5
- Largest round
- $5M
- Average round
- $2.5M
- disclosed rounds
- Round cadence
- 8 mo
- average gap
- $2.1MSeedSeed, $2.1M, $2.1M raised to date
- $200KSeedSeed, $200K, $2.3M raised to date
- $2.7MSeedSeed, $2.7M, $5M raised to date
- $5MSeries ASeries A, $5M, $10M raised to date
SLA Funding Index · grey is capital raised before each round · 4 undisclosed rounds not drawn
WorkPay funding rounds8 · newest first
- Non-equity AssistanceUndisclosed
08 Nov 2024 · led by Visa Africa Fintech Accelerator
- Series A$5M
22 Aug 2024 · led by Norrsken22
- Non-equity AssistanceUndisclosed
14 Feb 2024 · led by Visa Accelerator
- Seed$2.7M
21 Feb 2023
- Seed$200K
01 Jul 2022
- Non-equity AssistanceUndisclosed
11 Oct 2021 · led by Google
- Seed$2.1M
13 Aug 2020 · led by Kepple Africa Ventures
- SeedUndisclosed
22 Mar 2020
| Announced | Round | Lead · other investors | Amount |
|---|---|---|---|
| 08 Nov 2024 | Non-equity Assistance | Visa Africa Fintech Accelerator | Undisclosed |
| 22 Aug 2024 | Series A | Norrsken22 · Visa, Y Combinator, Saviu Ventures, Verod-Kepple Africa Ventures, Acadian Ventures, AXIAN, Plug and Play | $5M |
| 14 Feb 2024 | Non-equity Assistance | Visa Accelerator | Undisclosed |
| 21 Feb 2023 | Seed | Saviu Ventures, Proparco, P1 Ventures, Launch Africa, Kara Ventures, Fondation Botnar, AXIAN, Acadian Ventures | $2.7M |
| 01 Jul 2022 | Seed | Launch Africa | $200K |
| 11 Oct 2021 | Non-equity Assistance | Undisclosed | |
| 13 Aug 2020 | Seed | Kepple Africa Ventures · Y Combinator, Soma Capital, Musha Ventures, P1 Ventures | $2.1M |
| 22 Mar 2020 | Seed | Y Combinator | Undisclosed |
Investors in WorkPay19 · leads first
| Investor | Role | Rounds | First |
|---|---|---|---|
| Kepple Africa VenturesVenture Capital | Lead | Seed | Aug 2020 |
| Lead | Non-equity Assistance | Oct 2021 | |
| Visa AcceleratorAccelerator | Lead | Non-equity Assistance | Feb 2024 |
| Norrsken22Venture Capital | Lead | Series A | Aug 2024 |
| Visa Africa Fintech Accelerator | Lead | Non-equity Assistance | Nov 2024 |
| Y CombinatorAccelerator | Participant | Seed, Series A | Mar 2020 |
| P1 VenturesVenture Capital | Participant | Seed | Aug 2020 |
| Launch AfricaPrivate Equity | Participant | Seed | Jul 2022 |
| Saviu VenturesVenture Capital | Participant | Seed, Series A | Feb 2023 |
| AXIANVenture Capital | Participant | Seed, Series A | Feb 2023 |
| Acadian VenturesVenture Capital | Participant | Seed, Series A | Feb 2023 |
| Soma CapitalVenture Capital | Participant | Seed | Aug 2020 |
| Musha VenturesVenture Capital | Participant | Seed | Aug 2020 |
| ProparcoVenture Capital | Participant | Seed | Feb 2023 |
| Kara VenturesVenture Capital | Participant | Seed | Feb 2023 |
| Fondation Botnar | Participant | Seed | Feb 2023 |
| VisaCorporate Venture Capital | Participant | Series A | Aug 2024 |
| Verod-Kepple Africa VenturesVenture Capital | Participant | Series A | Aug 2024 |
| Plug and PlayAccelerator | Participant | Series A | Aug 2024 |
Frequently asked about WorkPay
- How much funding has WorkPay raised?
- WorkPay has raised $10M across 8 disclosed rounds. Its latest, a Non-equity Assistance, was announced on Nov 08, 2024.
- Who has invested in WorkPay?
- Backers include Visa Africa Fintech Accelerator, Norrsken22, Visa, Y Combinator and 15 others.
Profile updated Source: SLA Startup IndexHow we count →
