HR and payroll startup Workpay snaps $5M funding from Visa and others
- Workpay raised $5 million in Series A funding to expand its HR and payroll services across Africa.
- The funding round was led by Norrsken22, with participation from Visa, Y Combinator, and other prominent investors.
- Workpay aims to address the challenges of payroll management faced by small and medium businesses in Africa.
The success of Workpay in securing significant funding highlights the growing demand for efficient HR and payroll solutions in Africa. As the continent's workforce continues to expand, platforms like Workpay are essential for supporting SMEs in navigating complex employment regulations. The emphasis on integrated financial services could further enhance Workpay's value proposition, making it a critical player in the African HR tech landscape.
