The startup has raised $4 million in a seed round to build a neobank app that will enable individuals to sign-up with their preferred credit unions to access various financial services. The startup currently serves 60,000 Sacco members but is also looking to cross the 100,000 mark by the end of next year. The startup recently partnered with Lami Technologies, a Kenyan-based digital insurance company, to make accessible a wide range of insurance products including health, property, business and life covers on the app. This is as the startup continues to perfect its app in readiness for a full launch next year. Kwara said that its existing clients have experienced a membership growth of over 19% year on year, three times the global average, as the loan base of credit unions using its technologies went up 46%, about five times the national average. Kwara has also started forging alliances with companies, to offer third party services on its app. The regulator recommended that they shift to better technologies to protect member deposits, solutions that Kwara is now providing.