Kenyan fintech Kwara raises $3M seed extension, signs deal to reach over 4,000 credit unions

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.
Following the Kuscco partnership, Kwara said it has gained connections to a pool of over 4,000 saccos for its banking-as-a-service product. As part of the exclusive deal, Kwara is also set to acquire Kuscco’s subsidiary

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