Mastercard has announced the expansion of its relationship with Kasha Global Incorporated through an investment in the purpose-driven eCommerce platform.
The companies will continue their shared efforts to ensure women across emerging markets have essential access to health and personal care products along with the information required to support everyday hygiene needs.
Combining online and offline capabilities, Kasha’s platform allows women across rural and urban locations to make confidential personal care orders. By utilizing the full product catalog available online, or by placing orders using basic mobile handsets, women can search, order and pay for hygiene products that are discreetly delivered to them by local micro-entrepreneurs, thus also helping local store owners grow their business.
“Through our activities with Kasha, we are leveraging Mastercard’s innovations, expertise, and partnerships to help drive the empowerment of women and small businesses. This partnership is a major step in our journey to support the fundamental needs of women and drive growth across African communities,” Mastercard’s Sub Saharan Africa Division President Raghav Prasad said
Mastercard’s investment is the next step on a journey the organizations have been on since Kasha joined Mastercard StartPath in 2019. Since joining the award-winning start-up engagement program, Mastercard has worked with Kasha to integrate digital payment acceptance across its eCommerce platform, and most recently the partners joined forces to deliver a virus, hygiene, and protection products to families across Kenya in efforts to help prevent the spread of COVID-19.
“Kasha’s goal is to ensure women in emerging markets get the products, information, and services they need for their health, self-care, and well-being,” said, Joanna Bichsel, Kasha’s Founder and CEO
“I am thrilled that we are continuing our collaboration with Mastercard and that we not only have a committed investor with shared values, but also an innovative partner as we continue to take Kasha’s development and growth to the next level,” Bichsel added
Mastercard’s activities with Kasha directly support the company’s pledge to bring 1 billion people and 50 million micro and small businesses into the digital economy by 2025, with a direct focus on providing 25 million women entrepreneurs with solutions to help them grow their business.
“Mastercard works with governments, businesses, and entrepreneurs to help them achieve their ambitions and is committed to applying its resources to drive sustainable and inclusive growth.” said, Raghav Prasad, Division President, Sub Saharan Africa, Mastercard.
Mastercard’s investment is expected to help Kasha expand its current platform offering, reaching more women, communities, and small businesses than before and build’s on Mastercard’s efforts to bolster support for micro-entrepreneur and women-owned small business in Africa through the Mastercard Track Micro Credit Program, known in Kenya as “Jaza Duka” (fill up your store in Swahili).
By leveraging Mastercard and Kasha’s combined capabilities, in collaboration with global consumer goods and banking partners, the partners aim to positively impact historically underserved communities across Africa and beyond.