Worky, a Mexico-based provider of an HR and payroll software solution for companies, has successfully raised $6 million in Series A funding.
According to FinSMEs, the round was led by Atlántico, a Brazil-based fund, with participation from ADP Ventures.
Founded in 2018 by Maya Dadoo and Carlos Marina, Worky aims to modernize how companies recruit, manage, and pay their employees, particularly focusing on the often-overlooked operative workforce sector. Worky is dedicated to serving Latin America, starting with Mexico, where approximately 60 percent of the 20 million SME employees change jobs annually, significantly impacting the country’s labor and economic productivity.
The firm intends to utilize the funds to accelerate product development, expand sales and marketing efforts, as well as strengthen the team. In 2022, it released Worky Payroll, Mexico’s first cloud-native payroll solution along with a shift management module. These innovations allow integration of workforce operations and revenue variability processes like commissions and bonuses, enhancing compliance and efficiency through Worky’s real-time payroll system.
Maya Dadoo, Co-founder of Worky, highlighted, “This funding round marks a significant milestone for Worky as we continue our mission to revolutionize HR and payroll management in Latin America. With the support of Atlántico and ADP Ventures, we are well-positioned to drive further innovation and expansion, empowering businesses to streamline their operations and drive growth.”
Worky currently serves over 40,000 users in Mexico, and with this latest funding, the company is poised to further cement its position as a leader in HR and payroll solutions in the region.
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