Kenyan HR and payroll startup Workpay lands Visa as investor in $5M round
- About 80% of small and medium-sized businesses in Africa still use Excel and Google Sheets for payroll management.
- Workpay provides comprehensive HR and payroll solutions for local businesses with 20-100 employees and businesses with 100 to 1,000 cross-border employees.
- Visa has invested in Workpay as part of its fintech accelerator program, recognizing the startup's strategic and growth potential.
The demand for payroll and HR solutions in Africa is growing, and local-based providers like Workpay are well-positioned to meet the needs of businesses in the region. The company's comprehensive offerings, focus on customer feedback, and ability to adapt to changing market needs have contributed to its success. With the new funding, Workpay can further enhance its services and continue its expansion, solidifying its position in the market.
