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In Brief: Kenyan HR & Payroll Startup WorkPay Joins Y Combinator

Funding

In Brief: Kenyan HR & Payroll Startup WorkPay Joins Y Combinator

WorkPay a Kenyan-based SaaS startup that provides cloud-based workforce management system with Human Resource (HR) & Payroll management has been accepted into the Y Combinator accelerator programme and secured US$150,000.

Founded in 2017 as TozzaPlus by Paul Kimani, WorkPay aims is to be the go-to workforce management solution for businesses located in Africa by providing a cutting-edge enterprise HR and payroll software at a price point that can be availed by any business. By using a multi-module system, they help companies automate payroll from punch-in to payout.

Founder360° featured the startup in the “11 Innovative Kenyan Startups to Watch in 2019” as TozzaPlus before it rebranded to as WorkPay in June 2019.

Read: 6 Rising FinTech Startups from East African Worth Following

Before joining YC, WorkPay secured funding from Pangea and Kepple Funds and was among the twelve tech startups picked for Google Africa Launchpad Accelerator 2019. They are currently processing monthly salaries for over 10,000 employees from than 200 B2B companies mostly SMEs.

WorkPay joins Saida and Kuhustle as the Kenyan startups to have been accepted into the prestigious US-based accelerator.

Y Combinator interviews and selects two or more batches of companies per year. The companies receive seed money, advice, and connections in exchange for 7% equity of the company. The program includes “office hours”, where startup founders meet individually and group meetings. Founders also participate in weekly dinners where guests from the Silicon Valley ecosystem (successful entrepreneurs, venture capitalists, etc.) speak to the founders.

As of 2019, Y Combinator has invested in over 2,000 companies including Paystack and Flutterwave from Africa.

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