KENYA – Digital banking fintech startup Kwara, has partnered with Workpay, a people management platform that enables businesses to hire, manage and pay employees from anywhere in Africa, to offer Savings and Credit Cooperative Societies (SACCOs) in Kenya with human resource management and payroll processing solutions.
The partnership will enable SACCOs to automate their Human Resource (HR) processes as a complimentary service to Kwara’s products i.e. Core Banking, Online and Mobile Banking, and Open API service.
Through the partnership, SACCOs will be able to carry out seamless payroll processing into SACCO accounts and enjoy access to an HR module for efficient management of their staff.
That will conveniently allow them to manage their HR functionalities such as time and attendance, leave management, payroll processing, compliance, and performance management for their employees.
Cynthia Wandia, Co-founder and CEO, Kwara, said: “We are constantly seeking to offer SACCOs a complete package to run their operations. Our partnership with Workpay is in line with our ambition to build the infrastructure that connects SACCOs and their members to existing infrastructure. We are excited for this next step in getting SACCOs a fully integrated, digital operating system.”
“Our partnership with Workpay is in line with our ambition to build the infrastructure that connects SACCOs and their members to existing infrastructure”
On his part, Paul Kimani, Co-founder, and Chief Executive Officer, Workpay, said that: “Our goal is to aid African SMEs in their growth by providing them with tools that bring efficiency in their people operations. Saccos are important financial institutions to millions of people in Africa and what Kwara is doing with them resonates with our mission at Workpay.”
This partnership is a strategic initiative to drive the digitization of SACCOs through leveraging on both Kwara’s and Workpay’s proven strengths in the digital banking and HR space.
Presently, Kwara serves over 66,000 members and handles up to US$40 million in monthly transactions on their platform. Kwara is backed by top global investors and accelerators such as Norrsken Impact Accelerator, Google for Startups, Catalyst Fund, and Mastercard Start Path.
Workpay offers tools for HR management, payroll, compliance, benefits, and salary disbursement in 20+ currencies across Africa for both local and remote teams.
Workpay is backed by top global investors including Y Combinator, Kepple Africa Ventures, Google for Startups, P1 Ventures, and Musha Ventures.
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