Power Financial Wellness

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About Company

In the bustling economic landscape of Kenya, a fintech startup is making waves with its innovative approach to financial wellnessPower Financial Wellness, founded in 2020 by Brian Dempsey and Chandra Singh, is a platform that empowers workers across Sub-Saharan Africa to take control of their financial health.

A Seed of Change: Power’s Funding Success

Recently, Power Financial Wellness announced a significant milestone in their journey—a seed funding round of Ksh376M ($3 million), led by DOB Equity alongside other notable investors. This infusion of capital is set to bolster the company’s growth in Kenya, Zambia, and beyond, marking a pivotal moment for financial inclusion in the region.

The Power Platform: A Holistic Financial Ecosystem

At its core, Power is more than just a fintech company; it’s a holistic financial ecosystem designed for the informal economy. The platform offers a suite of services that cater to the day-to-day financial needs of employees and gig workers, enabling them to access earned wages, streamline savings, qualify for credit, and enroll in affordable insurance.

Mobile App: Financial Services at Your Fingertips

Power’s mobile app is the gateway to financial freedom for many workers. It allows for seamless digital onboarding and verification, giving users immediate access to a range of financial services. This app is a testament to Power’s commitment to providing transparent and beneficial financial solutions.

Addressing Financial Health: A Kenyan Perspective

Despite the rise in financial inclusion, the financial health of Kenyans has seen a decline. Only 17% of Kenyans were considered financially healthy in 2021, a stark contrast to the 39% in 2016. Power Financial Wellness is poised to address this gap by offering transparent, holistic, and beneficial financial solutions.

Looking Ahead: Power’s Vision for Africa

Power’s vision extends beyond Kenya’s borders. With a strong group of investors and a clear mission, Power is on a path to bring financial health to workers across Africa. As they expand their reach, the potential for positive impact on the continent’s financial well-being is immense.

In conclusion, Power Financial Wellness is not just a company; it’s a movement. It’s a beacon of hope for the financially underserved, a catalyst for change in the fintech industry, and a powerful ally for anyone looking to improve their financial well-being.

Power Financial Wellness is a shining example of how technology and innovation can transform lives. As they continue to grow and serve the needs of the informal economy, we can only expect great things from this dynamic team.

Head Office:

Kyuna Rd,
Lower Kabete,
P.O. Box: 77708 – 00508
Nairobi – Kenya

Mobile: +254(0) 711 082 222
Email: [email protected]

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