Kwara raises $4M seed funding for credit union-powered neobank

Kwara raised $4M Seed funding round led by Breega, SoftBank Vision Fund, Emerge, FINCA Ventures, New General Market Partners, Globivest, Do Good Invest, Raba Capital, Launch Africa, Norrsken Impact Accelerator, Future Africa, Samurai Incubate, DOB Equity on December 13, 2021.

Primary

Kwara

Counterparty

Breega, SoftBank Vision Fund, Emerge, FINCA Ventures, New General Market Partners, Globivest, Do Good Invest, Raba Capital, Launch Africa, Norrsken Impact Accelerator, Future Africa, Samurai Incubate, DOB Equity

Amount

$4M

Structure

Seed funding round

Date

December 13, 2021

Sub-sector

Neobank

Kenya-based fintech raises seed to launch neobank for SACCOs and digitize credit union infrastructure across emerging markets.

Primary company

Kwara

Counterparty

Breega, SoftBank Vision Fund, Emerge, FINCA Ventures, New General Market Partners, Globivest, Do Good Invest, Raba Capital, Launch Africa, Norrsken Impact Accelerator, Future Africa, Samurai Incubate, DOB Equity

Amount

$4M

Event date

December 13, 2021

Sub-sector

Neobank

HQ

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Structure

Seed funding round

Source published

December 13, 2021

Publisher

TechCabal

Source: techcabal.com