Kenyan startup Power Financial Wellness is a fintech platform focused on connecting workers in Africa to affordable and appropriate financial services. Founded in 2019 by Brian Dempsey, Power delivers a holistic set of financial services to the general workforce by enabling four key services – salary advances, savings and investments, loans, and insurance. While financial inclusion was increasing, financial health was deteriorating,” he said. Power looks to address this via its holistic offering, which is fully digitised and cost effective. Banks make up the bulk of its competition, Dempsey said, offering check-off loans and advances to private companies.

Source: The North Africa Journal July 31, 2023 06:42 UTC