RSR has advised Kwara on its USD 4 million seed financing round in which, among others, Breega and SoftBank Investment Advisers invested.
Kwara is building a next generation neobank for emerging markets, powered by existing credit unions. They provide Banking-aaS software to credit unions to upgrade their back-office operations, then turn their existing account-holders into users of the startup’s neobank app. The round follows rapid sales growth and the upcoming launch of their neobank app. The funding provides the Kwara team with resources to further develop their app in order to enable credit unions in emerging markets to digitize and bring financial services to millions of people.
RSR was mandated ahead of the seed financing round and is looking forward to further strengthening the relationship with Kwara in the coming years.
Dr. Julian Schroeder, Dr. Matthias Rüping, Emanuel Spitzy