# Power Financial Wellness

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/power-financial-wellness

- Industry: Software
- Headquarters: Nairobi, Kenya
- Website: www.yourpower.io
- Total disclosed funding: $3M
- Latest round: Seed (Oct 27, 2022)
- Investors on record: 5

## About

Based in Nairobi, Kenya, and founded in 2019 by CEO Brian Dempsey and Chandra Singh, Power Financial Wellness, Inc. operates as a developer of a financial wellness app for employees and workers, companies, banks, and lenders that enables users to manage their finances and wages, open accounts, digitize insurances, and manage expenses.
 
In January 2025, Power Financial Wellness, Inc. raised an undisclosed amount of venture funding from new investor Renew capital. The company provides a mobile app for employees and workers, a digital core banking engine connecting to regulated financial service providers, and a workforce deduction management system for employers. The application allows workers to get digitally onboarded and verified to access the services of the company. As of October 2022, Power has onboarded over 70 employers and gig platforms, representing over 40,000 workers. Power Financial Wellness plans to use its proceeds from October 2022 to support its growth in Kenya, Zambia, and other countries across Africa.

## Funding rounds

- Seed, Oct 27, 2022, $3M — Zephyr Management, QED Investors, DOB Equity, Quona Capital, Norrsken Impact Accelerator

## Investors

- Zephyr Management (https://capitalatlas.ai/funds/zephyr-management) — Seed
- QED Investors (https://capitalatlas.ai/funds/qed-investors) — Seed
- DOB Equity (https://capitalatlas.ai/funds/dob-equity) — Seed
- Quona Capital (https://capitalatlas.ai/funds/quona-capital) — Seed
- Norrsken Impact Accelerator — Seed