Kenya’s fintech Power set to scale after $3M seed round

After working in Africa’s microfinance space for seven years, including at Botswana’s Letshego, Brian Dempsey took a break in 2020 to build Power Financial Wellness, operating out of Kenya.
Dempsey said the launch of Power was informed by the trends he noticed in the micro-lending space, and experience garnered from his stint in the micro-finance sector.
“During my time at the micro-finance institutions I noticed that close to 65% of workers that banked with us would spend all of their money in the first five days of the month. And then they go on to access expensive microcredit [from loan app

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