Digital banking platform Kwara on Wednesday announced its plan to expand in East Africa and unveiled its regional office Kenya.

The company says it has placed permanent regional representatives in the Western, Central, Rift Valley and Coastal regions of Kenya.

Kwara boasts of offering a digital banking platform that transforms existing credit unions and Savings and Credit Cooperatives (SACCOs) into modern, digital financial institutions.

The firm says it is currently serving close to 50 credit unions across the globe and is targeting to broaden its scope into more SACCOs in the region.

“We continue to deepen our side-by-side collaboration with SACCOs by investing even more resources countrywide. Our commitment to provide world-class digitization and top-notch support is further reinforced. This is just the beginning,” said Cynthia Wandia, co-founder and CEO of Kwara.

Read More

  1. Why Equity Bank is discontinuing its pioneer EazzyBanking App after 8 years
  2. CS Chelugui addresses concerns on KUSCCO, Metropolitan, Network Saccos
  3. Agriculture-based SACCOs facing loan defaults due to biting drought crisis

The digital company held regional town hall meetings in Meru, Mombasa, Bungoma and Eldoret to introduce Kwara to its local target market.

District Cooperative Officers as well as SACCO staff and members interacted with the Kwara team on hurdles posed by Covid-19 including lack of affordable systems and inconsistent vendor support

Mobile banking was noted during the meetings as a key tool that would help Kenyan SACCOs serve their clients better without them visiting their branches as the entities focus on faster membership growth.

Kwara added that four SACCOs in the region have already signed up for the core banking platform and mobile app and the company is targeting 20 more y the end of the year.