Kenyan fintech startup Kwara has been selected for the Norrsken Impact Accelerator in Europe’s unicorn capital: Stockholm, Sweden.
Kwara offers a secure, simple and affordable digital banking platform for savings and credit cooperatives (SACCOs) and their members, who are often excluded by traditional banks.
Norssken announced that Kwara is one of the twenty startups selected to join the prestigious Norrsken Impact Accelerator. This follows applications from over 120 countries, placing Kwara in the top 1% of impact startups across the globe. Unicorn founders and serial entrepreneurs will offer tailor-made support during the 8-week program. The program concludes with a pitch in front of 150+ top international investors such as Accel and Norrsken VC.
Cynthia Wandia, Kwara’s CEO, says: “Norrsken has proven to find and accelerate high-impact startups with unicorn potential and we are honoured to participate this year. Following Kwara’s rapid growth and international presence, we are certain that the close interaction and mentorship from founders of unicorns such as Klarna, Truecaller and Oatly will ensure Kwara learns from the very best as we chart our path to the top.”
Norrsken VC is a €125 million impact VC fund investing in the best entrepreneurs that solve societal issues using technology. The vision for the Norrsken Impact Accelerator is to create real change through investing in the next generation business models. They focus on businesses where the impact is a result of the core operations and impact and profit go hand in hand.
Nineteen other startups from Sweden, the US, India, Rwanda, Ghana, Nigeria and other countries will be participating. You can find the full overview here
The program is aimed at helping startups scale during an 8-week sprint, hosted at Norrsken House Stockholm. The startups will receive mentorship and tailored support from serial entrepreneurs, unicorn founders, business leaders and topic experts. Kwara is part of the 2021 batch.
