Workhy
- Company typePrivate
- Founded2019
- HeadquartersIstanbul
- Headcount51–100
- GTM typeB2C
- OfferingSoftware
Workhy firmographics
Firmographics- Name
- Workhy
- Legal name
- Mükellef Teknoloji Anonim Şirketi
- Website
- https://workhy.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Ownership category
- akta.pro rank
Workhy industry classification
Industry- Product category
- Business Incorporation Services
- NAICS
- Business Support Services (5614), Accounting, Tax Preparation, Bookkeeping, and Payroll Services (54121)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370), Services-Management Consulting Services (8742)
- akta.pro primary industry
- Payroll, Contractor Payments & SME HR Finance (FSAGAJAI)
Keywords
Where Workhy is headquartered
LocationHeadquarters
- HQ city
- Istanbul
Offices9 records
Markets served
Workhy business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Company Formation Packages (US): Three-tier subscription packages (Basic $299/yr, Tax $899/yr, Accounting $1,999/yr) plus state filing fees. Packages include company formation, EIN/ITIN applications, registered agent services, business address, bookkeeping software, tax filing, and accounting services. Revenue is recurring annual subscription with expansion opportunities.
- Company Formation Packages (UK): Three-tier packages with annual subscription model. Includes company formation, UTR number, authentication code, legal address, AML check, corporate tax declaration, VAT registration, EORI number, business account opening support, and bookkeeping software. Revenue is recurring annual subscription.
- Individual Service Add-ons: Individual services sold separately: EIN Number ($99), FinCEN BOI Report ($69), ITIN Number ($299), Company Closing, EORI Number. These are one-time or per-transaction fees that complement the subscription packages.
- Trademark Registration Services: Free brand analysis with fee-based trademark application filing in the US. Offered at affordable prices through third-party service providers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Basic Package - Essential company formation services for US |
| Subscription | Annual | Tax Package - Comprehensive tax and financial services for US companies |
| Subscription | Annual | Accounting Package - Full-service accounting and tax support |
| Unit Pricing | Pay-as-you-go | Individual EIN Number Service |
| Unit Pricing | Pay-as-you-go | Individual FinCEN BOI Report Service |
| Unit Pricing | Pay-as-you-go | Individual ITIN Number Service |
| Subscription | Annual | UK Basic Package - Essential UK company formation |
| Subscription | Annual | UK Tax Package - Extended UK tax and compliance services |
| Subscription | Annual | UK Accounting Package - Complete UK accounting services |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Workhy product offering
Product offeringCore offering
Workhy operates a cloud-based online platform that lets non-resident entrepreneurs worldwide form, register, and manage US (LLC, C-Corp) and UK (Ltd) companies entirely without physical presence. Subscription packages bundle company formation, EIN/ITIN/EORI/VAT applications, registered agent and registered address, online bank account opening support, proprietary WorkhyBooks bookkeeping software, and ongoing tax/VAT filing. Individual services (EIN, ITIN, FinCEN BOI report, trademark registration, company closing) are also sold as standalone add-ons.
Product overview
Workhy is a single unified online platform offering end-to-end company formation and business management services for entrepreneurs seeking to establish companies in the US and UK. The core platform enables users to register companies, manage finances, and handle compliance entirely online. The product portfolio centers on the Workhy Platform as the core offering, supplemented by WorkhyBooks (online bookkeeping software offered free with Standard/Advanced packages), and a Workhy Mobile App for on-the-go management. Additional services include incorporation, EIN/ITIN application handling, registered agent and address services, online bank account opening, tax filing, VAT filing, trademark registration, EORI number acquisition, and company closing services. The platform integrates with payment processors Stripe, Wise, PayPal, Payoneer, Mercury, and Brex to enable international money transfers.
Differentiator
Problem solved
Functional benefit
Brands
- WorkhyBooks: Online bookkeeping software offered as part of Standard and Advanced packages for managing company finances, tracking income and expenses, and bank reconciliation.
Products and services
- Workhy Platform End-to-end online platform enabling entrepreneurs worldwide to establish companies, manage financial processes, and grow startups entirely online without physical presence. Sold via three annual subscription tiers (Basic, Tax, Accounting) covering US and UK jurisdictions.
- US Company Formation Packages
Quantifiable outcome
- Company formation in 5-10 business days (US) or 1-2 business days (UK)
- +2 more outcomes
Companies that use Workhy
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles3 records
Workhy technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
Feature5 records
Workhy partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered core and minor.
- Amazon Web Services (AWS)coreAWS provides cloud infrastructure supporting Workhy's platform operations, ensuring reliable and scalable service delivery for company formation and financial management services.
- StripecoreStripe enables payment processing and transaction capabilities for Workhy's services, and Workhy provides Stripe account opening support as part of its UK company formation packages.
- PayPalcorePayPal serves as a payment solution partner enabling international money transfers and payment processing for Workhy's global customer base.
- Wise (formerly TransferWise)coreWise provides international money transfer capabilities that Workhy recommends to customers for making international payments and receiving payments from global clients.
- PayoneercorePayoneer enables online bank account services and international payment solutions for Workhy customers, particularly for receiving payments from US clients.
- BrexcoreBrex provides business banking solutions and credit cards tailored for startups and entrepreneurs that Workhy offers to its customers as part of the entrepreneurial ecosystem.
- MercurycoreMercury offers US digital banking services that Workhy customers can access for their US company bank account needs.
- RevolutcoreRevolut provides international banking and money transfer services as part of Workhy's payment solutions ecosystem for entrepreneurs.
- eBayminorE-commerce marketplace partnership serving as a platform where Workhy customers can sell products after establishing their companies.
- EtsyminorE-commerce marketplace partnership serving as a sales channel for Workhy customers selling handmade, vintage, or craft products internationally.
- WixminorWebsite building platform partnership enabling Workhy customers to create e-commerce websites after company formation.
- NuvemshopminorBrazilian e-commerce platform enabling Latin American entrepreneurs to build online stores.
- ContabilizeiminorBrazilian accounting services platform providing accounting support for Brazilian entrepreneurs using Workhy.
Scale indicators2 records
Recent moves6 records
Expansion highlights6 records
Workhy competitors and assessment
Company assessmentBroad incumbents
- LegalZoom: LegalZoom is a large, established US legal-services platform that includes LLC/Corp formation, registered agent, trademarks and tax among a much broader portfolio, competing with Workhy primarily at the US formation tier.
Direct peers
- Clerky: Clerky specializes in Delaware C-Corp formation, equity and 83(b) filings for venture-funded startups, overlapping with Workhy's higher-end US Accounting package for entrepreneur customers raising outside capital.
- doola: doola offers US LLC/C-Corp formation, US bank account opening, accounting, tax and bookkeeping for international founders, making it one of the closest direct competitors to Workhy's all-in-one non-resident offering.
- Northwest Registered Agent: Northwest combines registered agent service with LLC/Corp formation and basic compliance, directly competing with Workhy's registered agent and formation modules in the US market.
- StartGlobal: StartGlobal helps non-resident entrepreneurs form US LLCs and access banking, tax and compliance services through a digital platform, with a similar self-serve, subscription-based model aimed at global founders.
- Stripe Atlas: Stripe Atlas incorporates US (Delaware) C-Corps and LCs for international founders and is tightly integrated with Stripe payments, competing for the same cross-border entrepreneur segment that Workhy targets with its US Tax/Accounting packages.
- Bizee (formerly Incfile): Bizee is a US LLC and corporation formation agent offering registered agent and basic compliance services, competing with Workhy's US Basic package among cost-sensitive US-market and non-resident founders.
- Filenow: Filenow offers US LLC and corporation formation with registered agent and EIN services at entry-level price points, overlapping with Workhy's US Basic package for budget-conscious non-resident founders.
- Firstbase: Firstbase provides end-to-end US company formation, EIN, US bank account, registered agent and ongoing compliance for non-resident founders, directly overlapping Workhy's US bundle at a similar price point and target persona.
Others
- 1-800Accountant: 1-800Accountant provides outsourced bookkeeping, tax and advisory services to US small businesses, competing with Workhy's Tax and Accounting packages for the bookkeeping and tax filing portion of the bundle.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Workhy social profiles
Digital presenceWorkhy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Workhy leadership team
Management profileNumber of profiles
Profiles2 records
Workhy funding detail
Funding detailFunding overview
Funding rounds2 records
Investors9 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Workhy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Workhy
What does Workhy do?
Workhy operates a cloud-based online platform that lets non-resident entrepreneurs worldwide form, register, and manage US (LLC, C-Corp) and UK (Ltd) companies entirely without physical presence. Subscription packages bundle company formation, EIN/ITIN/EORI/VAT applications, registered agent and registered address, online bank account opening support, proprietary WorkhyBooks bookkeeping software, and ongoing tax/VAT filing. Individual services (EIN, ITIN, FinCEN BOI report, trademark registration, company closing) are also sold as standalone add-ons.
Is Workhy a public or private company?
Workhy is a private company. It is classified as venture growth investor backed and is currently operating.
When was Workhy founded?
Workhy was founded in 2019. It employs 51 to 100 people.
Where is Workhy based?
Workhy is headquartered in Istanbul.
How does Workhy make money?
Four revenue lines are on record. Company Formation Packages (US) is the primary driver. The others are company Formation Packages (UK), individual Service Add-ons and trademark Registration Services.
Who are Workhy's main competitors?
LegalZoom is listed as a broad incumbent. Direct peers are Clerky, doola, Northwest Registered Agent, StartGlobal, Stripe Atlas, Bizee (formerly Incfile), Filenow and Firstbase. 1-800Accountant is listed as an others.
Does Workhy have an API?
No public API is recorded for Workhy.
What industry is Workhy in?
Workhy's product category is Business Incorporation Services. Its primary akta.pro industry code is FSAGAJAI, Payroll, Contractor Payments & SME HR Finance. Its NAICS code is 5614 and its SIC code is 7370.