Kenya’s fintech Power set to scale after $3M seed round
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After working in Africa’s microfinance space for seven years, including at Botswana’s Letshego, Brian Dempsey took a break in 2020 to build Power Financial Wellness, operating out of Kenya.
Power, a Kenyan fintech startup, has raised $3 million in a seed funding round to help scale its operations. The round was led by Pan-African venture capital firm, Future Africa, and included participation from a number of other investors. Power provides a mobile app that allows users to access a range of financial services, including savings, loans, insurance, and investments. The app uses artificial intelligence and machine learning to analyze users' financial behavior and offer personalized recommendations. The funding will be used to expand Power's team and technology, and to increase its marketing efforts.
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