# Kwara: Information technology & services, Nairobi, Kenya

> Kwara: Kwara is a fintech startup based in Nairobi and Berlin, founded in 2018. Based in Nairobi, Kenya. Founded 2018.

Source: https://millionrounds.com/startup/kwara (Millionrounds; every figure on the page links to its filing or article)

Kenya · [Information technology & services startup](https://millionrounds.com/companies)

# Kwara

Kwara is a fintech startup based in Nairobi and Berlin, founded in 2018.

Email

Funding reported Last round: Seed

Information technology & services Nairobi, Kenya

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Company summary

- **Founded:** 2018 8 years old
- **Team:** 47 11 to 50 people
- **Funding reported:** 7.2M as listed, currency not stated
- **Last round:** Seed Jan 2023

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Kwara has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Kwara

Kwara is a fintech startup based in Nairobi and Berlin, founded in 2018.

The company focuses on transforming Savings and Credit Cooperative Organizations (SACCOs) and credit unions into modern digital banks through its secure and scalable digital banking platform. Kwara aims to enhance financial health for the world's 3 billion underserved individuals, operating primarily in Kenya, with additional presence in the Philippines and South Africa. Kwara offers a Platform-as-a-Service (PaaS) that includes web and mobile banking capabilities, fraud detection, and self-service tools for both staff and members. Its flagship product is a digital banking platform designed specifically for SACCOs, featuring secure savings channels, mobile loans, and compliance tools to meet regulatory standards. As of 2023, Kwara serves over 200 credit unions and more than 200,000 end members, significantly impacting the financial landscape by facilitating an annualized transaction volume of €1 billion.

## What company datasets say Kwara raised

Funding, as reported

Reported in all **7.2M** in the source's currency

Rounds **5**

Last round **Seed**

Last round size **3M**

Last round date **Jan 2023**

Investors listed **21**

## Founders and team

From Kwara's own website: 1 founder, 3 on the team.

**Cynthia Wandia** Founder & Chairperson of the Board

- **Emilie Blauwhoff** COO & CPO
- **Nicola Njagi** Product & Operations Lead
- **Steve Biko** Managing Director

## On 5 portfolio pages

Investors who name them

- [Verdant Frontiers Fintech Fund](https://millionrounds.com/fund/verdant-frontiers-fintech-fund)
- [SoftBank Vision Fund Emerge Program](https://millionrounds.com/fund/softbank-vision-fund-emerge-program)
- [Ground Squirrel Ventures](https://millionrounds.com/fund/ground-squirrel-ventures)
- [EarlyBird Venture Lab](https://millionrounds.com/fund/earlybird-venture-lab)
- [E4EAfrica](https://millionrounds.com/fund/e4e-africa)

Each firm lists Kwara on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

transaction fees security savings credit cooperative multi-channel access data protection reserve computer & network security enterprises mobile banking sacco savings tools core banking information technology & services financial services finance security protocols

Built with from their website

HubSpot Sales Hub Google Tag Manager WordPress.org Tailwind CSS Apache Google Workspace Pinterest CloudFlare Viewport Meta Render

+8 more

TrustArc Site Kit Readme Cloudflare WAF Facebook SDK Google Meet CloudFlare CDN Zoho Recruit

- **Sector:** Information technology & services
- **Industry code:** NAICS 52232, 541512, SIC 7389, 7372
- **Region:** Nairobi
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/kwara)

## Information technology & services in Kenya

Startups like it

- [**Mawingu** Nairobi · founded 2013 *Raised*](https://millionrounds.com/company/mawingu)
- [**AfricaSokoni** Nairobi · founded 2017 *Raised*](https://millionrounds.com/company/africasokoni)
- [**Flowt** Nairobi *Raised*](https://millionrounds.com/company/flowt)
- [**Jahazii** Nairobi · founded 2023 *Raised*](https://millionrounds.com/company/jahazii)
- [**Softflow ltd** Nairobi · founded 2021](https://millionrounds.com/startup/softflow-ltd)
- [**Copia Global** Nairobi · founded 2013](https://millionrounds.com/startup/copia-global)
- [**Jambo** Nairobi · founded 2021](https://millionrounds.com/startup/jambo-3)
- [**News for You** Nairobi · founded 2014](https://millionrounds.com/startup/news-for-you)

## Is this your company?

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