Kenyan startup WorkPay raises $2.1m seed funding to fuel its growth
WorkPay provides payroll and time tracking software for small to medium-sized businesses in Africa (Gusto for Africa). 80% of Africa’s small and medium-sized businesses handle payroll manually and pay salaries via cash. Furthermore, 5-10% of monthly payroll is lost to fraud / “buddy punching,” payroll and tax errors as well as mistakes in cash and handling transfers. WorkPay’s software takes just 10 minutes and also reduces fraud / error. The company offers mobile and biometric time tracking, payroll and tax calculation as well as salary and disbursement to banks and mobile payment platforms. WorkPay currently has 278+ employers on board and serves 20,000+ employees.