Cadana, the on-demand salary business, has expanded into Nigeria as a result of a strategic partnership with Flutterwave, Africa’s largest payments technology company.
Cadana helps companies in delighting their employees by delivering modern payroll platforms that allow employees to receive their earned compensation on-demand, from any location, at any time. Flutterwave processes payments for companies and employees on Cadana as a result of this relationship.
Albert Owusu-Asare, CEO and Co-founder, 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. Our work in Ghana helped us take feedback from businesses and employees and improve our solution”
“People Managers and business owners wanted a solution that could make their employees more comfortable, reduce money troubles month-on-month and empower them to do more with their wages. We currently partner with businesses like Float, Tendo, KEK Group; one of the largest insurance brokers in Ghana, etc. We’re happy that we can easily launch into any other African country with Flutterwave’s help.”
Unexpected bills can cause employees in Africa to become distressed, causing them to become distracted from their daily tasks. Alternatives include short-term loans with interest rates as high as 300 percent and inadequate loan repayment schemes. Over 400 million African employees would benefit from a technology that allows them to obtain their earned earnings in real time, pending employer permission. Cadana users may give their employees digital access to their earned money whenever they choose, rather than waiting until the end of the month.
Ameer Shujjah, Co-founder and CTO, Cadana: “Integrating with Flutterwave was easy and offers us more flexibility than imagined. We’re excited to be in Nigeria with their help and as we continue our growth and expansion journey, we hope to continue counting on their help to empower African workers. Cadana is an ecosystem of solutions built to improve productivity for workers in Africa”
“We handle the employees’ money issues, allowing them more time and ability to focus on doing more with their time and growing businesses in Africa. We have plans to build helpful personal money management solutions on top of our people management platform to make it easier for workers in Africa to create more wealth directly from their wages.”
Cadana assists African Human Resource Managers with digitizing payroll, statutory compliance, onboarding, offboarding, reports, time-tracking, and other processes. Cadana’s time tracking technology instantly syncs with payroll from logging through payday, making disbursement easy for people management and small organizations.
Olugbenga GB Agboola, CEO and Founder, Flutterwave: “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.”