Unexpected bills can leave employees in Africa distressed, distracting them from their daily activities. The alternatives would be short-term loans of up to 300% interest rates with unsuitable loan repayment systems. More than 400 million workers in Africa will benefit from a platform giving them real-time access to their earned wages, after employer approval. Businesses using Cadana are able to allow their employees to access their digitally earned wages on demand, instead of having to wait until the end of the month.
Cadana helps people managers in Africa digitize payroll, statutory compliance, onboarding, onboarding, reporting, time tracking, and more. .
“Banks, startups, telecommunications, education, governmental and non-governmental institutions, etc. and in fact every business in Nigeria has a large base of employees that we can serve with our modern on-demand payroll management platform. CEO and co-founder of Cadana Albert Owusu-Asare, said. “Our work in Ghana has helped us gather feedback from companies and employees and improve our solution. People managers and business owners wanted a solution that could make their employees more comfortable, reduce month-to-month money troubles, and allow them to do more with their salary. We are currently working in partnership with companies like Float, Tendo, KEK Group; one of the largest insurance brokers in Ghana etc. We are happy that we can easily launch in any other African country with the help of Flutterwave.
Co-founder and CTO, Ameer Shujjah said“The integration with Flutterwave was easy and gives us more flexibility than expected. We are delighted to be in Nigeria with their help and as we continue our journey of growth and expansion, we hope to continue to rely on their help to empower African workers. Cadana is an ecosystem of solutions designed to improve the productivity of workers in Africa. We manage the money problems of employees, leaving them more time and ability to focus on optimizing their their time and the growth of businesses in Africa.We plan to create useful personal money management solutions in addition to our people management platform to make it easier for workers in Africa to create more wealth directly from of their salary.
The CEO and Founder of Flutterwave said: “We are thrilled to enable startups like Cadana to scale quickly and rapidly across Africa. Cadana’s work providing real-time salary access to employees across Africa is commendable and we are happy that they are fulfilling their mission on Flutterwave. Our work with startups is an integral part of our vision for business growth. We are proud to support their growth and expansion in Nigeria. We are delighted to see their progress as they support employees in Nigeria.
Cadana is an on-demand payroll startup that offers businesses large and small the ability to provide access to earned pay for their employees. Cadana also offers businesses the ability to digitize their payroll, manage all people operations from onboarding to offboarding, while making compliance easier for people managers. Cadana’s Earned Wage Access feature allows workers to digitally access their earned wages on-demand instead of having to wait until the end of the month to be paid in physical cash. Cadana launched in Ghana in 2021 and has since raised a pre-seed round with 500 startups and Better Tomorrow Ventures. The startup has operations in Nigeria and Ghana and handles payroll for companies like Float, Tendo, KEK Group; one of the largest insurance brokers in Ghana. For more information, visit https://www.cadanapay.com/
Flutterwave is a leading technology company that enables companies around the world to expand their operations in Africa and other emerging markets through a platform that enables cross-border transactions through a single API. Flutterwave has processed over 200 million transactions worth over $16 billion to date and serves over 900,000 businesses, including customers like Uber, Flywire, Booking.com, and more. The main advantage of the company is the processing of international payments in 150 currencies and several payment methods, including local and international cards, mobile wallets, bank transfers, barter by Flutterwave, etc. Flutterwave has infrastructure reach in over 34 African countries, including Nigeria, Uganda, Kenya, and South Africa. For more information on Flutterwave’s journey, please visit https://www.flutterwave.com/ng/