WorkPay, a Kenyan startup that provides a cloud-based workforce management system with human resource (HR) and payroll management for small businesses in Africa, has raised $2.1 Million from investors.
This seed investment from Kepple Africa, Y Combinator, and several other venture capitalists will help the firm upscale its software tools and expand its clientele base across East Africa.
Established in 2017 as TozzaPlus by Paul Kimani and Jackson Kibigo, the startup runs an Enterprise Resource Planning (ERP) software that provides inventory management, CRM, HRM, accounting and project management solutions.
The following year, the firm changed its focus to its human resource management (HRM) software, subsequently rebranding to WorkPay.
The company has previously secured $50,000 funding from Norwegian accelerator, Pangea Funds (2018), and $100,000 from Japanese-based VC firm, Kepple Africa (2019).
In September 2019, WorkPay was picked alongside 12 other startups for the fourth cohort of the Google for Startups Accelerator Africa. And in March this year, the startup took part in Y Combinator’s Winter batch and accessed $150,000 in seed capital funding from the US-based accelerator.
The partners of WorkPay include Equity, Safaricom, Y Combinator, Kepple Africa Ventures, Pangea, and Crediation.