A $1 million pre-seed financing round has been secured by Egypt-based HRtech startup Wamda Bluworks in order to grow its staff and enhance its product.
The investment round was led by Khawarizmi Ventures and included participation from Camel Ventures, Acasia Ventures, and other angel investors.
This development is a reaction to the demand for improvement, as different departments within businesses still use a combination of manual and automated methods to manually collect performance and attendance data for employed blue-collar workers.
Moreover, companies face challenges and complexity when it comes to payroll computation for blue-collar workers due to their dynamic and ever-changing work environment.
Co-founder of Bluworks Hussein Wahdan acknowledged the difficulties, saying that because blue-collar labour management is “so manual, errors frequently occur, leading to penalties and deducted salaries with no oversight from the workers, causing them to leave and ultimately contributing to high turnover rates.” Despite the fact that there are numerous HR software options available, none of them are especially made to manage blue-collar workers, he emphasised.
While it can take businesses seven to ten days to close their payroll accounts, Wahdan stated that by utilising Bluworks, the process could be completed in just one day, all the while utilising data and insights about their workforce. Bluworks was founded in 2022 by Hussein Wahdan, Nour Ahmadein, and Farah Osman.
The platform, which manages the lifecycle of blue-collar workers in industries like retail, food and beverage, facility management, healthcare, education, and construction, is reportedly the only HRTech SaaS platform in the area.
In order to help businesses save money and make better decisions based on data, it also offers HR and operational task automation. Their integrated platform bridges the gap between operations, human resources, and employees by unifying data points for businesses that hire blue-collar workers. Bluworks currently states that it serves thousands of blue-collar workers and has dozens of clients using the platform for management, such as Crave, Qahwa, and Cilantro.
Aly El Shalakany, managing partner at Acasia Ventures, discussed this development and said that Bluworks found a real problem for employers and created an appealing digital solution that caters to a particular market.
Citing encouraging preliminary results, he also expressed confidence in HRtech’s ability to scale this solution quickly.