What started as an idea in July 2021 with an initial team of 3 is today a solution that partners with employers of various sizes to offer employees flexible access to their earned pay. For five months, we have worked collaboratively with employers to deliver a workplace benefit that solves the most significant source of stress and distractions: employee money issues.
To continue building this unique solution, we needed to be backed by global and local investors with a wealth of experience to help us on this journey to achieve our vision to improve the financial well-being of employees in Africa.
That’s why I’m incredibly humbled and excited to announce that Earnipay has closed a seed round of $4m led by Canaan and with participation from XYZ Ventures, Village Global, Musha Ventures, Ventures Platform, Voltron Capital, and Paystack CEO, Shola Akinlade. With the Seed funding, we will accelerate the development of our technology platform to serve large enterprise employers. By doing so, Earnipay will provide employees with the tools they need to make better financial decisions and improve their quality of life. We plan to offer our on-demand salary solution to 200,000 employees by the end of 2022.
We celebrate this new milestone with our team and partners. We will continue to remove the barriers to early salary access allowing companies to hire, engage and retain top talent better and knock down the primary obstacle to a productive workplace.
Employers can sign up FOR FREE to start offering Earnipay, a proven workplace benefit to better attract & retain talent and improve employee engagement & productivity at earnipay.com. Employees can tell their employers about Earnipay today at earnipay.com/refer-employer.