Kwara partners with Workpay to offer streamlined HR & Payroll services to SACCOs in Kenya
Digital banking fintech startup Kwara has partnered with Workpay to offer Savings and Credit Co-operative 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 complementary 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. This 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, and automate the payroll collection that makes up a major source of contribution into SACCO accounts.
See also: Payroll mistakes every SME must avoid
Cynthia Wandia, Co-founder and CEO, Kwara, says: “Our partnership with Workpay is in line with our ambition to build the infrastructure that connects SACCOs and their members to the best technology services in the market and achieve their financial goals. We are excited for this next step in delivering a fully integrated, digital operating system to SACCOs in Kenya.
Paul Kimani, Co-founder and CEO, Workpay, says, “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 digitization of SACCOs by leveraging both Kwara’s and Workpay’s proven strengths in the digital banking and HR space.
Kwara is on a mission to bring modern financial services to 1 billion people, powered by credit unions by offering SaaS software to credit unions to upgrade their back-office operations, then offer existing credit union members a neobank consumer app. Today Kwara serves over 66,000 members and handles up to $40M in monthly transactions on their platform. Kwara is backed by top global investors and accelerators such as Norrsken Impact Accelerator, Google for Startups, Kepple Africa Ventures, and Mastercard Start Path.
Workpay is a people management platform that enables businesses to hire, manage and pay employees from anywhere in Africa. The platform 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.