Workpay
PrivateLast Round
Series A
Aug 22, 2024
Total Funding Raised
$19.02M
Momentum
Top 50%
of companies Caplight tracks
Company Overview
Workpay operates in Enterprise Software and is based in Nairobi. Its latest recorded funding round was a Series A round in August 2024.
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, Workflow Automation
Business Model
B2B
Customer Profile
Subscription SaaS, Services & Consulting, Usage-Based SaaS
AI Layer
Non-AI
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% |
For institutional investors. Book with your work email.
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 |
For institutional investors. Book with your work email.
Key People
Founding team and executive leadership
For institutional investors. Book with your work email.
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 |
For institutional investors. Book with your work email.
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.
For institutional investors. Book with your work email.
Workpay Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
Book a demoFor institutional investors. Book with your work email.
Frequently Asked Questions
Common questions about Workpay's valuation, stock price, and market status.
Is Workpay a public or private company?
Workpay is a private company.
What is the current stock price of Workpay?
Workpay is a private company, so its shares have no public market price. Caplight tracks Workpay's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.
How much is Workpay worth (valuation)?
Valuation information for Workpay is not publicly available.
Can I buy Workpay stock?
Workpay shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.
When was Workpay's last funding round?
Workpay's most recent funding round was Series A on August 22, 2024.
Who are the main investors in Workpay?
Key investors in Workpay include Norrsken22, Verod-Kepple Africa Ventures, Verod-Kepple Africa Ventures.
Will Workpay IPO soon?
No public IPO plans have been announced for Workpay.
How can I track Workpay secondary market activity?
Caplight tracks bids, offers, and trades in Workpay's shares on secondary markets.