🇰🇪 Nairobi, Kenya
KaziPay
Cross-border payroll for African remote teams
FintechSeries AESG 78
Round size
$12M
Valuation
$65M
ARR
$4.2M
YoY growth
218%
Conviction
92
/ 100
92/100
Low risk
Team
48
Founded
2021
Investment thesis
Why now
Capturing the $20B intra-African payroll opportunity as remote work scales across the continent.
- Profitable in 3 of 6 markets
- Tier-1 banking partnerships in EAC
- Net revenue retention 142%
Score breakdown
6-factor weighted model
Diligence checklist
- Founder references
- Cap table & legal review
- Customer calls (5+)
- Cohort & retention data
- Regulatory memo
- ESG audit
Comparable deals
No direct comparables in pipeline.