Workpay partners with Kwara to offer streamlined HR & Payroll services to SACCOs in Kenya
By Edlyn Cardoza
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 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 a 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. Cynthia Wandia, Co-founder and CEO, Kwara, says: “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. 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 through leveraging on 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. They offer 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 $40 million in monthly transactions on their platform.
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September 22, 2023
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