Worky Announces US $3M Investment Round Led by QED Investors
Worky, an all-in-one HR software and payroll platform for small- and medium-sized businesses in Mexico, announced a $3M seed round led by fintech specialist QED Investors. Existing investor LEAP Global Partners also participated in the round. Along with the founding round, Lauren Connolley Morton of QED Investors and Leticia Jauregui of LEAP Global Partners will join Worky’s board of directors.
HR Technology News: $2.5 Billion Consulting Company Expands into Australia
“Maya, Carlos, Oscar and their team, have demonstrated that they understand the complexities of the Mexican payroll market, which is large, fragmented and underserved. LEAP is excited to partner with Worky on its journey to accelerate HR, payroll and benefits automation for Mexico’s SMEs.”
Worky was founded in 2018 by Maya Dadoo, Carlos Marina and Oscar Castillo to help Mexican employers reduce turnover and win the war for talent by building stronger relationships with their employees.
Worky allows employers to cost-efficiently offer best-in-class benefits by providing an end-to-end enterprise-grade platform that displaces the dozens of Excel sheets that HR managers use today. Through Worky, a company can automate employee files, PTO management, recruiting, evaluations, payroll, employee benefits, and more.
HR Technology News: Return To Work Safely With The New Work | Space App, By Equal Experts
One of Mexico’s largest problems is employee retention; in certain industries, rotation can surpass 65% annually. “Through Worky, companies have decreased their employee attrition by 30% in the first three months of use,” said Maya Dadoo, Worky’s CEO. “We are thrilled to see how our powerful digital platform enables SMBs to offer superior benefits and improves communication between employers and employees.”
As employers anticipate an expansion of remote work, it’s more critical than ever that companies build deep connections with their employees and provide them with both financial and emotional support. The Worky platform allows employers to be up and running in less than two hours. The company plans to use its seed funding to further build out its technology and scale to larger businesses.
HR Technology News: Censia Talent Intelligence Platform Now An SAP Endorsed App Available On SAP App Center