DEMO Top 40: Paysail Helps Businesses and Accountants Run Payroll Via Mobile Money

PaySail is the easiest way for businesses and accountants in Africa to run payroll, file tax and social security and also pay employees via Mobile Money or through the Bank. With a keen focus on simplicity of design and ease of use, PaySail automates every aspect of the payroll process.

Product
With PaySail, payroll taxes are automatically calculated each month, based on employees’ basic salaries. Paysail generates simple payroll reports available in multiple formats (including Excel). Paysail also generates and sends payslips to employees by email. These payslips can be accessed by the employee at anytime, from anywhere.
Value
By providing an extremely easy way for businesses to run payroll, pay employees and file taxes, we want to give local businesses a better payroll experience.
Successes
Our first success was to raise seed funding from the Meltwater Foundation. It’s generally hard for startups in Ghana to raise seed funding of any amount.
Our next success is that we are currently processing payroll for over 60 businesses after 5 months of starting PaySail.
We also ranked 2nd place at the Seedstars Accra event held in June this year.
Currently, we are one of 5 DEMO Africa LIONS who will be pitching in the US at DEMO.
Team
Precious Nyarko, CEO – Precious is a former Corporate Accounts manager at City Investments Company Limited. He is an Accountant by profession and a Graduate of Zenith University College . Precious also years of experience designing user interaction for scalable mobile and web applications.
Samuel Ako, CTO – Samuel Ako has over 5 years programming experience. His specialty is in developing scalable backend infrastructure for mobile and web applications. He also has strong interests in BigData and Natural Language Processing. He has a degree in Mathematics and Computer Science from University of Ghana Legon.
Osborn Adu-Kwarteng, Business Development – Osborn is a Google certified AdWords practitioner and has a degree in Mathematics from KNUST. Osborn loves to develop business strategies and to manage technical projects. Also is also a programmer and spends time developing various software projects using new web technologies.
Development Stack
PaySail is built with Node.js using the Express Framework. We currently host PaySail on Heroku whilst we use MongoDB to manage our data.
Contact/Social Media/Job Openings
Find us on Twitter on @happypayroll. You can also reach us by mail at info@paysail.co. Please visit https://www.paysail.co/jobs to see our job postings
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A Look Into MEST Incubator’s Newest Startups [2014]

Every year, several companies move from the software development training programme of the Meltwater Entrepreneurial School of Technology to join the existing companies at the MEST Incubator. With 2 acquisitions within nine months (ClaimSync and Saya), little needs to be said about the MEST Incubator and its successes.
This year, the MEST Incubator welcomes 4 successfully funded companies from the MEST Graduating Class of 2014. This post provides an introduction to all the 4 companies who will be outlined in details in following posts.
Beam is a remittance service for Ghanaians and Nigerians living abroad to instantly and affordably send money back home using Bitcoins, a digital currency. The company was co-founded by Nikunj Handa (CEO) and Falk Benke (CTO), both former MEST Teaching Fellows.
Beam is currently in private beta, and will be launching in October 2014. You can sign up to be a part of the Beam beta test at beamremit.com. For more information about Beam, email hello@beamremit.com.
African businesses who wanted a simple, automated payroll solution used to have to choose between solutions that were either poorly optimized for local tax laws, or expensive, bloated alternatives. Enter PaySail!
PaySail is a simple, web-based system that helps Ghanaian businesses run payroll, generate the appropriate tax and social security filings and reports, and pay employees each month.
The founding team is Precious Nyarko (CEO), Samuel Ako (CTO) and Osborn Kwarteng (Biz Dev), all graduates from the MEST 2014 class. PaySail was recently crowned a DEMO LION at DEMO Africa 2014. For more information about PaySail, email info@paysail.co.
For online merchants and store owners, managing multiple stores across platforms such as Amazon and Ebay can be a logistical nightmare.
SynCommerce helps online merchants manage inventory and process orders across multiple sales channels from a centralized dashboard. The co-founders are Christian Osei-Bonsu, Godwin Elorm Adjaho, Albert Fiati and Joel Funu, all graduates from the MEST Class of 2014. For more information about SynCommerce, email info@syncommerceapp.com.
Vestracker is the information management system for the freight forwarding industry, helping freight forwarders seamlessly coordinate between clients, suppliers, and the many different people who help consignments get from one port to another.
The co-founders are Osam Kyemenu-Sarsah (CEO), Fui Dodzi-Nusenu (CTO), Linda Ansong (Biz. Dev), and Emmanuel Anim (Product Manager). For more information about Vestracker, email info@vestracker.com.
The MEST Incubator has produced some of Africa’s best startups, and received lots of media mentions for its contributions to employment and tech development in Africa. Much is expected of this new batch of MEST Incubator companies, and we wish them the best as they seek to make a good name and continue the good works of Africa’s youth.