Kawu

Kawu is a NEO Bank for African students aiming to shape a financially inclusive generation. The startup offers tools for youths in African schools, allowing them to save and create digital financial records. One of the key challenges Kawu addresses is the transfer of funds from parents to their children in African schools, which is both costly and time-consuming. Kawu provides a five-dimensional fintech solution that addresses money transfer, safety, expenditure, saving challenges amongst students, and also offers an alternative source of income to school staff as agents. The company's solution is facilitated by the Kawu Smart Card, enabling students to directly receive money, pay for goods & services, save and maintain their financial history. Moreover, the Kawu App allows parents to set withdrawal limits, monitor transactions, and interact financially with their children. Founded in 2021 and headquartered in Uganda, Kawu received a $100.00K Pre-Seed Round investment on October 5, 2023 from Baobab Network. The startup operates in the Financial Services, Fintech, and Payments industries, addressing critical needs in the African student financial ecosystem.