Kamelpay provides WPS-compliant salary disbursement and corporate expense automation solutions for businesses. The company offers prepaid Mastercard solutions for employee salary payments and a digital portal for streamlined payroll management. Additionally, their platform enables employees to manage remittances, pay bills, and access earned wages through a dedicated mobile application.
Funding
$5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
HAFounders
Product
Problem
Many businesses in the UAE face complexities in managing payroll, particularly with ensuring compliance with the Wage Protection System (WPS) regulations, which can be time-consuming and prone to errors. Traditional payroll processes often involve significant paperwork and administrative overhead, diverting resources from core business activities.
Solution
KamelPay offers PayD, a comprehensive payroll processing solution designed to streamline salary disbursement and employee onboarding while adhering to WPS standards. PayD automates the entire payroll cycle, reducing errors and minimizing paperwork through a user-friendly digital portal. The platform includes same-day bulk employee onboarding and EMV-compliant Mastercard prepaid cards for employees, providing convenient access to funds via a wide ATM network. KamelPay also provides a dedicated onboarding team, fraud awareness training, and 24/7 support. PayD gives employees access to earned wages, bill payment, and remittance services through a mobile app.
Target Audience
KamelPay primarily targets businesses in the UAE, especially those with a large number of low-income employees, seeking to simplify payroll processes and ensure compliance with WPS regulations.
Features
- WPS-compliant salary disbursement adhering to UAE regulations
- Same-day bulk employee onboarding for rapid setup
- EMV-compliant Mastercard prepaid cards for employee access to funds
- Wide network of 24/7 ATM access for convenient withdrawals
- Digital payroll portal for streamlined management and reporting
- Mobile app for employees to manage funds, pay bills, and send remittances
- Earned wage access for anytime salary withdrawals
- In-person onboarding with secure card distribution and fraud awareness training