Kwara

Kwara is a Nairobi and Berlin-based fintech company that provides digital banking solutions for Savings and Credit Cooperative Organizations (SACCOs) in Kenya, aiming to empower underserved populations with financial tools and services.
Here’s a more detailed breakdown:
What Kwara does: Kwara digitizes SACCOs, turning them into modern digital banks, and offers a platform-as-a-service that enables SACCOs to:
Increase operational efficiency: By digitizing workflows.
Offer remote banking: Through an end-consumer facing application.
Grow their businesses: By appealing to younger demographics.
Become fully compliant digital banks: In less than two weeks.
Connect to the formal financial system: Provide members with access to banks and ATMs:

Key Features:
Self-serve tools .
Secure savings channels .
Mobile loans .
SASRA-compliant reporting and accounting .
Modern mobile channels .
*Kwara Connect App and USSD code 341#

Benefits for SACCOs:
Grow memberships faster .
Digitize operations .
Maintain full control .
Acquire more members .

Mission: To enable the world’s 3 billion underserved to become financially healthy.

Founding: Founded in 2018 in Kenya.

Investors: Backed by Breega, Softbank, Norrsken, FINCA Ventures, Finxparx, and others.

Security: Kwara is certified in internationally-recognized security standards, like ISO 27001, ISO 27701, and is SSAE18 SOC 2 compliant.
CEO: Cynthia Wandia is the co-founder and CEO of Kwara.