Kenyan fintech startup Kwara has partnered with Workpay to offer SACCOs in Kenya with human resource management and payroll processing solutions. The partnership will enable SACCOs to automate their Human Resource 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 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, and automate the payroll collection that makes up a major source of contribution into SACCO accounts.
“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.” Cynthia Wandia, Co-founder and CEO, Kwara, said.
“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.” Paul Kimani, Co-founder and CEO, Workpay, said.
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.