Kenyan Fintech Kwara Raises $3M Seed Extension, Signs Deal To Reach Over 4,000 Credit Unions
Amount Raised
$3 Million
Round Type
Seed
NairobiFinancial ServicesSoftwareInvestors
Description
Kwara, a Kenyan fintech digitizing credit unions (saccos), more than doubled its client base last year, and its eyeing enormous growth in the coming years after raising a $3 million seed extension, and signing an exclusive digital solutions distribution agreement with the Kenya Union of Savings & Credit Cooperatives (Kuscco), the national umbrella body representing saccos.
Quick answer
Kwara raised $3 Million in a Seed round, dated January 16, 2023. Investors: Breega and Kenya Union Of Savings & Credit Cooperatives. Kwara is based in Nairobi, Nairobi County, Kenya.
- How much did Kwara raise?
- Kwara raised $3 Million in a Seed round on January 16, 2023.
- Who invested in Kwara?
- Breega and Kenya Union Of Savings & Credit Cooperatives are named as investors in this round.
- What does Kwara do?
- Kwara is a Nairobi and Berlin based startup turning credit unions into modern digital banks.
- Where is Kwara based and how big is it?
- Kwara is based in Nairobi, Nairobi County, Kenya.
Source: Fundz verified event record.
Who else raised in Financial Services and Software around the same time
Companies in the same sectors as Kwara that raised within 45 days of this round, from Fundz verified event records.
- Kita raised $4.8M (Seed) on February 22, 2023.
- Scrut Automation raised $7.5M (Funding Round) on February 22, 2023.
- Scrut Automation raised $7.5M (Funding Round) on February 21, 2023.
- Lunar raised $38M (Funding Round) on February 9, 2023.
- Conquest Planning raised $18M (Series A) on February 8, 2023.
- Faro raised $20M (Funding Round) on February 8, 2023.
Who to call at Kwara, and when
A new round usually means Kwara is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Kwara raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Kwara, from your own LinkedIn network
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Kwara raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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