Worky, a Mexico City-based HR software and payroll platform for small- and medium-sized businesses, raised $3M in seed funding.
The round was led by fintech specialist QED Investors with participation from existing investor LEAP Global Partners. 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.
The Mexican startup aims to facilitate and automate HR processes for SMEs in Mexico where there is little innovation in the sector. Worky provides stats and insights that help companies make better business decisions by taking into account turnover, and employee records, among other factors.
“One of the major challenges in Mexico is staff turnover,” commented Maya Dadoo, CEO and co-founder of Worky. She added, “Employee rotation represents a huge cost that companies usually seek to reduce. Depending on the case, the correct use of Worky can reduce rotation up to 30%.”
Read more: Worky Raises $3M in Funding