Question 1

What is Eazipay Inc.?

Accepted Answer

Eazipay is a payroll and payment automation platform founded in 2021 that serves businesses across Africa. The company is part of Y Combinator's W22 batch and provides comprehensive payroll processing and financial access solutions to over 15,000 businesses.

Question 2

What products and services does Eazipay offer?

Accepted Answer

Eazipay offers Africa-focused payroll automation, a Payroll API that enables businesses and fintechs to integrate payroll processing directly into their systems, and financial wellness tools. The platform also provides early wage access, microloans with interest rates as low as 1%, cashback rewards, and vouchers for transportation, food, and rent coverage.

Question 3

Who are Eazipay's target customers?

Accepted Answer

Eazipay serves businesses, fintechs, and platforms across Africa, including many Y Combinator companies. The company currently serves over 15,000 businesses and operates in a market with 100M+ workers across the African continent.

Question 4

When was Eazipay founded and by whom?

Accepted Answer

Eazipay was founded in 2021 by Efosa Uwoghiren, Asher Adeniyi, and Kingsley Michael. The company participated in Y Combinator's Winter 2022 (W22) batch.

Question 5

Where is Eazipay located?

Accepted Answer

Eazipay is based in Lekki, Nigeria. The company serves customers across the African continent.

Question 6

What funding has Eazipay raised?

Accepted Answer

Eazipay raised $125,000 in seed funding on January 24, 2022, led by Y Combinator with participation from Ajim Capital and FoundersX Ventures. The company launched a 2024 support program preparing to roll out millions in funding and grants from April to December 2024.

Question 7

What are Eazipay's key achievements and metrics?

Accepted Answer

Eazipay has grown to serve over 15,000 businesses (up from 10,000+) and counts many Y Combinator companies as customers. The company operates in a massive market with 100M+ workers across Africa and an estimated $200B annual payroll volume.

Question 8

What technology does Eazipay use?

Accepted Answer

Eazipay provides a Payroll API that enables businesses, fintechs, and platforms to integrate payroll processing directly into their systems. The platform automates payroll processing across Africa and includes financial wellness tools and early earnings access features.

Question 9

How does Eazipay support workers beyond payroll?

Accepted Answer

Eazipay empowers workers through financial wellness tools, faster wage access, and early earnings access. The platform also offers microloans with interest rates as low as 1%, cashback rewards, and vouchers for transportation, food, and rent coverage.

Question 10

What are Eazipay's recent developments?

Accepted Answer

Eazipay has grown its customer base from 10,000+ to 15,000+ businesses and launched a 2024 support program. The program will roll out millions in funding and grants from April to December 2024, including microloans, cashback rewards, and comprehensive financial wellness tools.

Eazipay Inc.

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Frequently Asked Questions

What is Eazipay Inc.?

What products and services does Eazipay offer?

Who are Eazipay's target customers?

When was Eazipay founded and by whom?

Where is Eazipay located?

What funding has Eazipay raised?

What are Eazipay's key achievements and metrics?

What technology does Eazipay use?

How does Eazipay support workers beyond payroll?

What are Eazipay's recent developments?

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