Cadana, a salary-on-demand startup, has expanded into Nigeria as a result of a strategic partnership with Flutterwave, Africa’s leading payments technology company.
Cadana assists businesses in delighting their employees by providing modern payroll platforms that enable employees to access their earned salary on-demand, anytime, and from any location. As a result of this collaboration, Flutterwave processes payments for employers and employees on Cadana.
Employees in Africa may become distressed as a result of unexpected bills, distracting them from their day-to-day activities. Short-term loans with interest rates of up to 300 percent and unsuitable loan repayment systems would be the alternatives.
Over 400 million African workers will benefit from a platform that allows them to access their earned wages in real time, subject to employer approval. Companies that use Cadana can provide their employees with access to their earned wages digitally on-demand, rather than having to wait until the end of the month.
Cadana assists African Human Resource Managers in digitizing payroll, statutory compliance, onboarding, offboarding, reports, time tracking, and other processes. Cadana’s time tracking solution automatically syncs with payroll to make disbursement easier, making life easier for people management and small businesses from logging to payday.
“Banking, startups, telecommunications, education, governmental and non-governmental institutions, and indeed all businesses in Nigeria have a large employee base that we can serve with our modern salary-on-demand payroll management platform.” Albert Owusu-Asare, CEO and Co-Founder of Cadana, stated.
“Our work in Ghana enabled us to incorporate feedback from businesses and employees and improve our solution.” People managers and business owners desired a solution that would make their employees feel more at ease, reduce money problems month after month, and empower them to do more with their pay. We currently work with companies such as Float, Tendo, KEK Group, one of Ghana’s largest insurance brokers, and others. We’re pleased that, with Flutterwave’s assistance, we can easily expand into any other African country.”