Visa has announced investments in four African fintech startups that recently graduated from its Africa Fintech Accelerator program. While Visa did not disclose specific investment amounts, the initiative reflects its ongoing efforts to drive financial inclusion and support digital innovation in Africa. Supporting Fintech Innovation Across Africa The four startups—Oze, Workpay, OkHi, and ORDA—each offer digital solutions tailored to address key financial and logistical challenges in African markets. By backing these companies, Visa is betting on a diverse range of technologies to enhance access to financial services for small businesses,
Kenyan HR tech startup, Workpay, has successfully raised $5 million in a Series A funding round, spearheaded by Norrsken22. This new investment will bolster Workpay’s expansion across Africa, enhance its AI-driven performance management tools, and stabilize its financial services, TechCrunch first reported. The funding follows a $2.7 million pre-Series A round in 2023. Strategic Funding to Accelerate Growth Founded in 2019 by Paul Kimani and Jackson Kungu, Workpay has quickly positioned itself as a leading workforce management platform in Africa. The cloud-based solution offers a suite of HR services, including
