Workpay

Active#16 in Kenya

Estimated valuation · Payroll and HR · Kenya

Provides cloud software for payroll, HR, compliance and salary disbursement to employers across Africa, automating statutory deductions and payments to staff in several currencies.

Software›payroll and HR myworkpay.com

Founded2019

HQNairobi

Raisednearly USD 10M

Last roundSeries A · Aug 2024

Country of originKenyaListed in the Kenya ranking

Where would you invest?KenyaJurisdiction as cited by the ranking

Estimated valuation

AI · Kenya ranking

≈ USD 26MUSD 17–39M · Tens of M$

Hundreds of k$

Millions $

Tens of M$

Hundreds of M$

Unicorn

Decacorn

Hectocorn

Anchor: Last known equity round: Series A · USD 5M · Aug 2024
AI adjustment: None

An indicative editorial estimate produced by AI, imperfect by nature: neither a financial valuation nor investment advice. Only the market sets a company’s value. Method

Uback rankings

How the AI ranks →

Ranking	Tier	Rank	Edition	Next update
Kenya · all sectors	Top 20	#16	Edition 0 · October 2026	23 Jan 2027
Payroll · worldwide	Radar	—	Edition 0 · Sep 2026	3 Jan 2027

Rank historyOct 2026 · #16First edition: no movements yet.

Funding history

nearly USD 10M raised in total

Date	Round	Amount	Type	Investors
Aug 2024	Series A	USD 5M	Equity	Norrsken22, Visa, Y Combinator, Saviu Ventures

Rounds as cited by Uback’s rankings. Equity, debt and grants are shown separately; only equity rounds count towards the valuation anchor.

Independent analyses

By industry professionals & analysts

Industry professionals and financial analysts can publish their own analysis of Workpay as a PDF. It must answer at least one of these four questions, and stick to them:

AI valuation: $26MUndervalued or overvalued?

Versus competitorsHow does it compare?

Who should acquire itStrategic buyers, and why

Who should it acquireAcquisition targets, and why

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Analyses are the opinion of their authors, not of Uback. They are checked before publication.

Invest

Back Workpay whether or not it has agreed: your intention joins the pool on Workpay, passed to the Fundraising Desk of its country once it reaches critical mass. Backing on Uback (pronounced “you back”) means declaring an Interest (free) or an Intention (coming soon). Backing does not mean that this company is raising funds or that a shareholder is selling shares, and it is not a commitment to invest. Any deal, through a funding round or a sale by an existing shareholder, is handled by a partner desk: the Fundraising Desk of the country for a round, the Secondary Sales Desk assigned to the company for a sale.

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What the AI reads

Read by the AI at the next edition.

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Full Kenya ranking →

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Last updated: Oct 2026Report an error

Uback is a content publisher and an aggregator of non-binding expressions of interest. It provides no investment advice, receives no mandate and takes part in no transaction. Rankings, ranges and brackets are editorial estimates produced by AI, purely indicative.