Kwara, a Kenyan Fintech Raises $3 Million Seed Extension

In a recent announcement, Kwara a fintech startup from Kenya disclosed that they have raised a $3 Million seed extension. This seed extension was led by the already existing backers including DOB Equity, Globivest, and the founder of Kobalt Music.

We have spent the last three years uplifting the credit union sector in Kenya, becoming the leading core banking provider in Kenya. Our clients grow up to 4 times faster than other credit unions and serve members up to 100 times more efficiently. This acquisition enables us to place a digital banking experience in the hands of every credit union in Kenya, together with the most established credit union partner in Kenya.

Cynthia Wandia, CEO, Kwara

This development marks a game changer in the management of credit unions going forward. The acquisition of IRNET and the KUSCCO-Kwara partnership will deliver to our 4,000+ member credit unions tested and proven, secure and efficient digital services as well as a modern neobanking experience.

George Ototo, Group Managing Director, Kuscco