NEWS
Worky raises $ 6 million to accelerate adoption of cloud-based HR and payroll solution in Mexico
Worky , an all-in-one HR and payroll software solution for Mexican companies , has confirmed closure of a US $ 6 million Series A financing round led by Brazil-based Atlántico – with participation from ADP Ventures .
With this round of capital , Worky will boost its streamlining of HR and payroll processes for Mexican businesses – accelerating product development and expanding sales / marketing .
“ Shaped by a strong regulatory tailwind , the payroll and HR market in Mexico is changing rapidly ,” said Atlántico partner Ana Martins .
“ Companies are seeking cheaper and better solutions , where they can seamlessly run payroll while increasing flexibility in their everyday workflows .
Worky is now the most comprehensive platform for HR and payroll administration for Mexican firms , integrating previously disparate systems .
“ Our market does not have the solutions that both employers and employees need to operate HR and Payroll simultaneously and efficiently ,” said Worky CEO and co-founder , Maya Dadoo . “ We are ready to scale to this market where megatrends like the future of work and increased labor and payroll regulations are hitting hard .”
Worky currently serves over 40,000 users in Mexico and is actively expanding its services to address the broader needs of the bluecollar industry – where the bulk of the Mexican workforce lies .
“ We look forward to working with Maya and the Worky management team to bring HCM innovation to Mexico and help to grow their client size ,” said ADP DVP of Strategy and Business Development , Maria Moreno .
Colombia ’ s RapiCredit ready to enter the Peruvian market
Colombian fintech RapiCredit has confirmed it will soon close a corporate agreement to enter the Peruvian market .
RapiCredit has been operating in Colombia for 10 years benefiting at least 620,000 unbanked people and granting more than 3.2 million loans .
In Peru , RapiCredit aims to match the figures achieved in Colombia , where it managed to go from granting 1,300 loans in its first year of management , to disbursing more than 1.5 million loans in its tenth year .
“ We are excited to bring our experience in financial technology to the Peruvian market and contribute to the economic and social development of the country ,” said Daniel Materón , CEO , RapiCredit .
“ We firmly believe in the power of financial inclusion to transform lives and communities and we are committed to working collaboratively with our clients and partners to achieve a positive and meaningful impact .”
The company plans to impact the Peruvian market through solutions and services that promote financial inclusion and empower Peruvian consumers to overcome the obstacles imposed on them by the traditional financial sector .
Products RapiCredit will offer in Peru include fast and flexible loans , designed to meet the liquidity needs of clients in a convenient and accessible way .
RapiCredit offers an agile and transparent application process as well as its competitive interest rates and a commitment to credit responsibility .
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