Mastercard announced that Kwara is one of the 11 global startups selected to join the award-winning Start Path Program. The program is a springboard to help the best and brightest startups maximize their opportunity for success. During the six-month program, the startups will learn from Mastercard experts and explore co-innovation opportunities.
Cynthia Wandia, Kwara’s CEO, says: “We are honoured to join forces with Mastercard and work on our shared vision to create financial inclusion for 1 billion people. We have seen how companies such as Flutterwave and Revolut have expanded their services in partnership with one of the biggest payment technology companies in the world. We are certain we can deepen our offering and together transform credit unions across emerging markets into modern, digital banks.”
“When fintech companies thrive, we all benefit,” said Amy Neale, Senior Vice President, Fintech & Enablers. “We’re excited for Kwara to join the Mastercard Start Path program where they’ll receive access to our technology, customers and mentorship to accelerate their journey to grow and scale.”
Mastercard is a global technology company in the payments industry that uses secure data and networks, partnerships and passion, and innovations and solutions to help individuals, financial institutions, governments and businesses realize their greatest potential. Mastercard embraces opportunities to support and collaborate with digital players to discover what’s next and build the next generation of commerce.
Kwara is transforming credit unions into modern, digital banks powered by a credit union operating system and neobank experience for their members. Backed by investors across Africa, Asia, Europe and the US, today Kwara serves over 50,000 members in Kenya, South-Africa and The Philippines and handles up to $40M in monthly transactions on the platform.