Kwara / IRNET 2023
Kwara acquired IRNET on January 16, 2023.
- Target
- IRNET
- Acquirer
- Kwara
- Announced
- January 16, 2023
- Sub-sector
- Neobank
Transaction overview
- Kwara announced the acquisition of IRNET on January 16, 2023.
- The deal is expected to close pending customary conditions.
Strategic rationale
Acquire core banking software from Kuscco to expand neobanking platform across 4,000+ credit unions in Kenya.
Deal terms & multiples
Frequently asked questions
When did Kwara announce the acquisition of IRNET?
Kwara announced the acquisition of IRNET on January 16, 2023.
What sub-sector is IRNET in?
IRNET is tracked in the Neobank sub-sector.
Sources
- kachwanya.com /2023/01/16/kenya-fintech-startup-kwara-raises-3m-seed-extension/