Tuesday, April 21, 2026Global tech, startups & capital — covered for Africans.
Kwara is a neobank startup that provides solutions targeted at enabling savings and credit cooperative societies (Saccos) to digitize their services. Kwara's services upgrade credit unions into modern digital banks, featuring an open API that enables credit unions to digitize their operations as formal financial institutions. Kwara has raised $7 million in seed funding and partnered with the Kenya Union of Savings and Credit Cooperatives (KUSCC) to offer its banking solution to over 4000 Saccos in Kenya. Kwara operates in Kenya, South Africa, and the Philippines. They raised a $3 million seed extension round.
| Date | Round | Amount | Lead |
|---|---|---|---|
| Mar 9, 2024 | $3.0M | — | |
| Jan 20, 2023 | $3.0M | — |
