Workpay
PrivateLast Round
Series A
Aug 22, 2024
Total Funding Raised
$19.02M
Momentum
Top 25%
of companies Caplight tracks
Company Overview
Workpay is a software company that provides a cloud-based HR, payroll, and benefits platform designed to help businesses manage and pay their employees across Africa.
Sector
Enterprise Software
Verticals
HR, Accounting & Expense, Compliance
Business Model
B2B
Customer Profile
Subscription SaaS, Services & Consulting, Usage-Based SaaS
AI Layer
Non-AI
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Workpay Comparables
Compare Workpay with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| SeamlessHR | 87% | |
| PaidHR | 86% | |
| Deel | 77% | |
Workpay Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series A | Aug 22, 2024 | ||||
| Series A | Jun 12, 2024 | ||||
| Early Funding | Feb 21, 2023 | ||||
| Grant | Oct 6, 2021 | ||||
| Seed | Aug 13, 2020 | ||||
Accelerator | Mar 16, 2020 |
Key People
Founding team and executive leadership
Workpay Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Norrsken22 | Early Funding, Series A |
| Kara Ventures | Early Funding |
| Launch Africa Ventures | Early Funding |
| Proparco | Early Funding |
| Plug and Play Tech Center | Series A |
| Fondation Botnar | Early Funding |
| Acadian Ventures | Series A, Early Funding |
Market signals
Structured signals derived from secondary market and firmographic data.
- Apr 1, 2026
Added Actriv Healthcare Inc as a customer.
- Jan 1, 2026
Now operating in over 30 African countries.
Workpay Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
Mock Valuation | Sign Up to view | Mock Valuation | Sign Up to view | Mock Valuation | Sign Up to view | Mock Valuation |
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Frequently Asked Questions
Common questions about Workpay's valuation, stock price, and market status.