Workpay logo — The Global Payroll Compliance Solution for fast growing comp...

Workpay

The Global Payroll Compliance Solution for fast growing companies across Africa backed by @Y Combinator.

Founded 2019 Kenya Nairobi, Kenya 133 employees Venture round Total: $14.07M Financial Services, Payments +1

General Information

Company Name Workpay
Founded Year 2019
Location Kenya Nairobi, Kenya
Employees 133
Industries Financial Services, Payments, Human Resources
Funding Stage Venture round
Business Model B2B, SaaS, Platform
Revenue Model Subscription, Service Fee, Tiered Pricing
Social

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About Workpay

Workpay, founded in 2019, is a promising player in the Financial Services, Payments, and Human Resources industries, with its headquarters in Kenya. The company offers a unique proposition by providing the "Global Payroll Compliance Solution" for companies seeking to expand quickly across Africa. Workpay’s solutions simplify HR and Payroll complexities, accommodating the intricate regulatory landscapes of multiple African nations.

Backed by Y Combinator, Workpay has achieved significant traction and aims to become Africa’s top Payroll and HR solutions provider. They offer diverse services including Employer of Record (EOR), Outsourced Payroll, Payroll software, and HR management software, ensuring companies can efficiently manage workforce operations across the continent.

The company recently secured an investment of $8.82M in a Venture Round on 27 June 2024, reflecting strong investor confidence. Workpay’s robust strategy and commitment to compliance position it as a compelling opportunity for investors seeking exposure to African markets.

Business keywords: Payroll Compliance, HR Solutions, Employer of Record (EOR), Outsourced Payroll, Payroll Software, HR Management Software, Embedded Finance, Remote Team Management, Startup Support, Multinational Market Entry, Automated Compliance, Benefits Administration, Human Resources Platform, Workforce Growth Solutions

Services & Products

Employer of Record (EOR)
Outsourced Payroll
HR and Payroll Software
Financial Services
Performance Management Tools

Target Customers

Startups and Scaleups Tech Companies Healthcare Companies NGOs and Non-Profits Fintech Companies Professional Services and Consultancies Transport & Logistics Companies Construction & Real Estate Companies Manufacturing and Retail Companies

Funding Rounds & Investors (7)

View All
Funding Stage Amount Investors Lead Investors Date
Venture Round $8.82M -
27 Jun 2024
Non Equity Assistance Undisclosed 1
Visa Accelerator
14 Feb 2024
Seed Round $2.70M 8
Acadian Ventures, Axian +6
21 Feb 2023
Seed Round $200.00K 1
Launch Africa
01 Jul 2022
Non Equity Assistance $100.00K 1
Google for Startups
06 Oct 2021
Seed Round $2.10M 5
Soma Capital, Y Combinator +3
13 Aug 2020
Seed Round $150.00K 1
Y Combinator
17 Mar 2020

Workpay Alternatives & Competitors

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Workpay vs
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Workpay vs

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Rivermate
Rivermate The Netherlands

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FAQ About Workpay

The Global Payroll Compliance Solution for fast growing companies across Africa backed by @Y Combinator.
Workpay was founded in 2019.
Workpay is headquartered in Nairobi, Kenya.
Workpay operates in Financial Services, Payments and Human Resources. Its work centres on Payroll Compliance, HR Solutions, Employer of Record (EOR) and Outsourced Payroll. Its customers include Startups and Scaleups, Tech Companies and Healthcare Companies.
Workpay has a B2B, SaaS and Platform business model. Its revenue comes from Subscription, Service Fee and Tiered Pricing.
Workpay has approximately 133 employees.
Workpay has completed 7 funding rounds, raising a total of $14.07M. The latest funding stage is Venture round.
Workpay offers: Employer of Record (EOR), Outsourced Payroll, HR and Payroll Software, Financial Services, Performance Management Tools.
Top alternatives and competitors to Workpay include CleverFleet Inc, Accounting Asia GMS Ltd, Rivermate, Harbor America, CHS Payroll. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Workpay and CleverFleet Inc are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Workpay, https://bouncewatch.com/company/workpay, updated 5 June 2026. When citing, please name BounceWatch and link this page.

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