Sector: Fintech

In portfolio since: 2021

Location: Kenya

Kwara turns traditional credit unions into modern digital banks. It does this by providing its core digital banking platform to SACCOs. This allows SACCOs to increase operational efficiency by digitising workflows. The company also provides an end-consumer facing application, which allows SACCO’s to interact remotely with its clients in near real time.

Its service allows SACCOs to grow their businesses and increase their appeal to the younger population who are looking for transparent and easy access to their accounts and who are no longer satisfied with traditional analogue SACCOs. Kwara effectively enables traditional SACCOs to become fully compliant digital banks in less than two weeks, leading to improved transparency and minimizing the potential for internal fraud.