Kwara
OperatingKwara is a Nairobi and Berlin based startup offering affordable digital banking
- SaaS
- Nairobi, Kenya
- Seed
- Founded 2018
- kwara.com ↗
- Total raised
- $7.2M
- disclosed
- Last round
- $3M
- Seed
- Rounds
- 6
- since 2018
- Investors
- 16
- on record
- Employees
- 11-50
About Kwara
Kwara is a Nairobi and Berlin based startup offering a secure, simple and affordable digital banking platform for savings and credit cooperatives and their members, who are often excluded by traditional banks. Started in 2018 in Kenya, our mission is to enable the world's 3 billion underserved to become financially healthy. Backed by Finparx, Google for Startups, Catalyst Fund, Kepple and Bonum Ventures, today Kwara serves over 27,000 members. Web and mobile banking platform for the SACCO of the future, delivered today.
Kwara funding6 rounds
All 6 rounds →Kwara has raised $7.2M across 6 disclosed rounds. The latest is a $3M Seed announced 16 Jan 2023.
- $80KGrantGrant, $80K, $80K raised to date
- $100KGrantGrant, $100K, $180K raised to date
- $4MSeedSeed, $4M, $4.2M raised to date
- $3MSeedSeed, $3M, $7.2M raised to date
SLA Funding Index · grey is capital raised before each round · 2 undisclosed rounds not drawn
Who has invested in Kwara
| Announced | Round | Lead · investors | Amount |
|---|---|---|---|
| 16 Jan 2023 | Kwara Seed | Willard Ahdritz +5 | $3M |
| 09 Dec 2021 | Kwara Seed | Breega +11 | $4M |
| 28 Jul 2021 | Kwara Funding Round | VC Samurai | Not disclosed |
| 25 May 2021 | Kwara Grant | Norrsken Impact Accelerator | $100K |
| 01 Jan 2020 | Kwara Grant | Catalyst Fund | $80K |
| 01 Jan 2019 | Kwara Seed | Finparx | Not disclosed |
Kwara founders & team
- Cynthia WandiaCo-Founder & CEO
- David HwanCo-Founder & COO
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Frequently asked about Kwara
- Where is Kwara based and when was it founded?
- Kwara is headquartered in Nairobi, Kenya and was founded in 2018.
- Who founded Kwara?
- Kwara was founded by Cynthia Wandia (Co-Founder & CEO) and David Hwan (Co-Founder & COO).
- Who is the CEO of Kwara?
- Cynthia Wandia is Kwara's Co-Founder & CEO.
- How much funding has Kwara raised?
- Kwara has raised $7.2M across 6 disclosed rounds. Its latest, a $3M Seed, was announced on Jan 16, 2023.
- Who has invested in Kwara?
- Backers include Willard Ahdritz, SoftBank Vision Fund Emerge, Globivest, FINCA Ventures and 12 others.
- What sector is Kwara in?
- Kwara operates in SaaS and Digital Banking.
