Mexican payroll solution Worky bags bridge round

Mexico-based HR software and payroll platform Worky has received a bridge round investment from ARC Group Ventures.

Founded in 2018, Worky allows employers to offer benefits by providing an end-to-end enterprise-grade platform to automate employee files, PTO management, recruiting, evaluations, payroll, employee benefits and more.

Worky’s CEO Maya Dadoo said, “The software automates and analyzes human resources management and reduces turnover by 30%, improving hiring times, reassignment, incentives and costs.

“We are thrilled to see how our powerful digital platform enables SMBs to offer superior benefits and improves communication between employers and employees.”

ARC Group Ventures managing partner Jesus Emilio Hoyos said, “Worky is set to revolutionize the way HR is managed at small and medium companies, improving the way firms interact with their employees.”

The FinTech company has raised a total of $3m in funding from QED Investors and LEAP Global Partners.

Consumers in Mexico are eager to use WealthTech apps. In 2021, the most downloaded apps in the country were WealthTech apps.

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