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 blue-collar 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.
