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Non-Profit Foundation
fondationbotnar.org

Investments

6

Partners & Customers

2

About Fondation Botnar

Fondation Botnar acts as a catalyst, connecting diverse partners and investing in scaleable AI and digital innovation to improve the health and wellbeing of children and young people in growing urban environments around the world.

Headquarters Location

St. Alban-Vorstadt 56

Basel, 4052,

Switzerland

+41 61 201 04 74

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Latest Fondation Botnar News

Kenyan HR-payroll Startup Workpay Expands To Morocco After Recent Fundraise

Mar 9, 2023

March 9, 2023 Following $2.7 million in pre-Series A funding from Launch Africa, Saviu Ventures, Acadian Ventures, Proparco, Fondation Botnar, Kara Ventures, Axian, P1 Ventures, and Norrsken, Kenyan HR payroll startup Workpay  , has expanded to Casablanca, Morocco in its latest expansion drive. The firm (W20) with YC backing had previously secured $2.1 million in initial investment in 2020. Credits: WorkPay A Look At What The Startup Does Workpay, a startup founded in 2019, provides tools that let its clients file taxes, administer employee benefits, and pay salaries to employees in local currencies throughout Africa (and, through partnerships with other companies, also outside the continent). Employers may track and manage employees’ leave days, time and attendance using its capabilities. “We are a full-stack HR Payroll company, and we help employees to manage their people and pay them. And ours is a very neat platform that processes payrolls, and helps employers to be compliant,” said Kimani. “As an employer you are able to pay employees wherever they are, and in their preferred accounts — they don’t have to be forced to open accounts with specific banks just because the employer banks there — and file taxes too.” Kimani, who co-founded Workpay with Jackson Kungu (COO), believes that Africa has a significant chance for market leadership since it has the technical and non-technical infrastructure needed to grow. “On the tech side, we have integrated with nearly everyone who is processing payments to allow us to send money to as many countries in Africa as possible. Non-tech means we have established a presence in these countries, and have partners that allow us to be compliant, which is very important,” he said. Employees may receive and examine their pay stubs, submit expense reports, and request leave days via an employee-side app. Workpay is also adding financial services on top of its HR and payroll platform including linkages to investment accounts, medical and asset insurance and earned-wage access for employees attending to emergencies or bills. “We are building a marketplace, and bringing in other players that can serve employers and employees on our platform,” said Kimani. Kimani claims that Workpay has seen significant income and customer development, with a surge recorded during the COVID slowdown of 2020. “Since 2021 we have been doubling revenue every year, and the number of our customers — who are nearing 700 as we speak. We also have about $200 million in total payroll value that we are handling for our customers annually,” he said. Workpay payroll Morocco Workpay payroll Morocco Charles Rapulu Udoh Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc. ), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert. As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard Share this:

Fondation Botnar Investments

6 Investments

Fondation Botnar has made 6 investments. Their latest investment was in Chargel as part of their Seed VC on April 4, 2023.

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Fondation Botnar Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/20/2023

Seed VC

Chargel

$2.5M

Yes

3

3/25/2023

Seed VC - II

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$99M

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10

2/21/2023

Seed VC - II

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$99M

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10

10/14/2022

Seed VC

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$99M

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10

9/26/2022

Seed VC

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$99M

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10

Date

4/20/2023

3/25/2023

2/21/2023

10/14/2022

9/26/2022

Round

Seed VC

Seed VC - II

Seed VC - II

Seed VC

Seed VC

Company

Chargel

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Amount

$2.5M

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

3

10

10

10

10

Fondation Botnar Partners & Customers

2 Partners and customers

Fondation Botnar has 2 strategic partners and customers. Fondation Botnar recently partnered with Unisante on April 4, 2019.

Date

Type

Business Partner

Country

News Snippet

Sources

4/1/2019

Partner

Switzerland

Fondation Botnar announces a new partnership with Unisanté - Fondation Botnar

Today Fondation Botnar is proud to announce a new partnership with Unisanté , awarding CHF 7 million to support the implementation of clinical algorithms to improve the health of febrile children and reduce unnecessary antibiotic prescriptions in Tanzania .

1

10/10/2018

Partner

Germany

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10

Date

4/1/2019

10/10/2018

Type

Partner

Partner

Business Partner

Country

Switzerland

Germany

News Snippet

Fondation Botnar announces a new partnership with Unisanté - Fondation Botnar

Today Fondation Botnar is proud to announce a new partnership with Unisanté , awarding CHF 7 million to support the implementation of clinical algorithms to improve the health of febrile children and reduce unnecessary antibiotic prescriptions in Tanzania .

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Sources

1

10

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