Cadana, a salary on-demand startup has signed a strategic partnership with Flutterwave and has expanded its operations into Nigeria. Flutterwave is an African leading payments technology company.
The salary on-demand startup helps businesses by providing modern payroll platforms that allow employees access to their earned salary on-demand, anytime, anywhere. This partnership will allow Flutterwave to process payments for employers and employees on Cadana.
“The banking, startups, telecoms, education, governmental and non-governmental institutions etc and indeed all businesses in Nigeria have a large employee-base that we can serve with our modern salary-on-demand payroll management platform,” the CEO and CO-founder of Cadana, Albert Owusu-Asare, said.
Unexpected bills can leave employees in Africa in distress, distracting them from their day-to-day activities. The alternatives would be shortterm loans which could go up to 300% in interest rates with unsuitable loan-repayment systems.
Over 400m workers in Africa will benefit from a platform that offers them real-time access to their earned wages, following employer approvals. Companies that use Cadana are able to allow their employees access their earned wages digitally on-demand, instead of having to wait at the end of the month.
Cadana helps People Managers in Africa digitize Payroll, statutory compliance, onboarding, offboarding, reports, time-tracking etc. From logging to payday, Cadana’s time tracking solution automatically syncs with payroll to make disbursement easier, making life easier for people management and small businesses.
“We’re excited to enable startups like Cadana to expand swiftly and quickly across Africa. Cadana’s work providing real time salary access to employees across Africa is commendable and we’re glad that they’re fulfilling their mission on Flutterwave. Our work with startups form a major part of our vision to grow businesses. We’re proud to support their growth and expansion into Nigeria. We’re excited to see their progress as they support employees in Nigeria,” the CEO and Founder of Flutterwave, Olugbenga GB Agboola, said on his part.